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Earnings can be pliable as putty when a charlatan heads the company reporting them.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Heads
Putty
Decision
Pliable
Company
Charlatan
Business
Valuation
Charlatans
Earnings
Reporting
Earning

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I think any time you couple the term Wall Street with bailout or something like that, you know - I don't like what's going on in Wall Street.
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In the business world, the rearview mirror is always clearer than the windshield.
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Investors should remember that excitement and expenses are their enemies.
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Of our 49 billion, we haven't moved any to Bitcoin
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If you lose money for the firm, I will be forgiving. If you lose reputation, I will be ruthless.
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I mean there is no capital requirements to it or anything of the sort. And basically, I said there were possibly financial weapons of mass destruction, and they had them. They destroyed AIG. They certainly contributed to the destruction of Bear Sterns and Lehman. Although Lehman had other problems, too.
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You know, with your money and my brains, I mean, there's no telling how far we'd go.
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People always should know better. People don't get - they don't get smarter about things that get as basic as greed.
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House prices just soared beyond - beyond reason in many places and they got financed in silly ways, and people lied about loans, all kinds of accesses entered into it. But that is what - that is the single biggest cause of why we're here.
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Too often, executive compensation in the U.S. is ridiculously out of line with performance. That won't change, moreover, because the deck is stacked against investors when it comes to the CEO's pay.
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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.
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The three most important words in investing...Margin of Safety.
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In business, I look for economic castles protected by unbreachable 'moats'.
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Goldman Sachs saying they might be interested in such an investment. I'm familiar with the company. I've known the management, the current management, Jack Welch before Jeff Immelt. I've known him for decades.
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Nothing sedates rationality like large doses of effortless money.
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We've long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children.
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We've used derivatives for many, many years. I don't think derivatives are evil, per se, I think they are dangerous.
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Success in investing doesn’t correlate with I.Q. Once you are above the level of 25 once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.
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