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I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
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Deficit
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More quotes by Warren Buffett
I was lucky to have the right heroes. Tell me who your heroes are and I'll tell you how you'll turn out to be. The qualities of the one you admire are the traits that you, with a little practice, can make your own, and that, if practiced, will become habit forming.
Warren Buffett
In economics, you always want to ask 'And then what?'
Warren Buffett
I measure success by how many people love me. And the best way to be loved is to be lo veable.
Warren Buffett
If you understood a business perfectly and the future of the business, you need very little in the way of a margin of safety.
Warren Buffett
Many stock options in the corporate world have worked in exactly that fashion: they have gained in value simply because management retained earnings, not because it did well with the capital in its hands.
Warren Buffett
We have provided capital here with a couple of institutions recently. The Federal government did that in the '30s for the RFC and I think there could well be a proper role for government in that.
Warren Buffett
If you're in a card game and you can't figure out who the patsy is, you're it.
Warren Buffett
Problems in a company are like cockroaches in the kitchen. You will never find just one
Warren Buffett
You’d get very rich if you thought of yourself as having a card with only twenty punches in a lifetime, and every financial decision used up one punch. You’d resist the temptation to dabble. You’d make more good decisions and you’d make more big decisions.
Warren Buffett
By periodically investing in an index fund, the know-nothing investors can actually outperform most investment professionals.
Warren Buffett
Never do anything in life if you would be ashamed of seeing it printed on the front page of your hometown newspaper for your friends and family to see.
Warren Buffett
The dumbest reason in the world to buy a stock is because it's going up.
Warren Buffett
People should always know better.
Warren Buffett
If AIG had tried to unwind their derivatives books. I don't know. It would have hit every institution in the world.
Warren Buffett
If you don't find a way to make money while you sleep, you will work until you die.
Warren Buffett
Cash combined with courage in a time of crisis is priceless.
Warren Buffett
Knowing what to leave out is just as important as knowing what to focus on.
Warren Buffett
When I take a look at a company's annual report, if I don't understand it, they don't want me to understand it.
Warren Buffett
Nevertheless, as circumstances presently appear, I feel substantially greater size is more likely to harm future results than to help them. This might not be true for my own personal results, but it is likely to be true for your results.
Warren Buffett
Benign neglect, bordering on sloth, remains the hallmark of our investment process.
Warren Buffett