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There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Politics
Making
War
Warfare
Political
Inequality
Right
Poverty
Rich
Class
Winning

More quotes by Warren Buffett

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I know what I want to do and it makes sense to get going.
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Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant.
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When people tell me they've learned from experience, I tell them the trick is to learn from other people's experience.
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Uncertainty is the friend of the buyer of long term values.
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The critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price.
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Fund consultants like to require style boxes such as long-short, macro, international equities. At Berkshire our only style box is smart.
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At age 19, I read a book [The Intelligent Investor] and what I'm doing today, at age 76, is running things through the same thought process I learned from the book I read at 19.
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It is madness to risk losing what you need in pursuing what you simply desire.
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It's a big mistake to try and mislead people. They will turn around.
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With housing it's something even more dramatic than that, because most people aspire to own their own home.If you really think that houses prices are going to go up next year and the year after, you feel if I don't buy it this year, I'm going to have to buy it next year.That's not true of an Internet stock. But it's true of a home.
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Like most trends, at the beginning it's driven by fundamentals, at some point speculation takes over. What the wise man does in the beginning, the fool does in the end.
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If knowing history made you rich, librarians would be billionaires.
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I would say the most satisfying thing actually is watching my three children each pick up on their own interests and work many more hours per week than most people that have jobs at trying to intelligently give away that money in fields that they particularly care about.
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Consciously paying more for a stock than its calculated value - in the hope that it can soon be sold for a still-higher price - should be labelled speculation
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Money is not everything. Make sure you earn a lot before speaking such nonsense.
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I’ve worked in an economy that rewards someone who saves the lives of others on a battlefield with a medal, rewards a great teacher with thank-you notes from parents, but rewards those who can detect the mispricing of securities with sums reaching into the billions.
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We always see shifts in employment. If you think about it, if you go back to 1800, it took 80 percent of the labor force to produce enough food for the country. Now it takes less than 3 percent. Well, the truth is that market systems move people around.
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I read annual reports of the company I'm looking at and I read the annual reports of the competitors - that is the main source of material.
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If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes.
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Long ago, Ben Graham taught me that Price is what you pay value is what you get. Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down.
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