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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
Business
Valuation
Charlatans
Earnings
Reporting
Earning
Heads
Putty
Decision
Pliable
Company
Charlatan

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The only way to get love is to be lovable. It's very irritating if you have a lot of money. You'd like to think you could write a check: I'll buy a million dollars' worth of love. But it doesn't work that way. The more you give love away, the more you get.
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In the insurance business, there is no statute of limitation on stupidity.
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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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... not doing what we love in the name of greed is very poor management of our lives.
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Failing conventionally is the route to go as a group, lemmings may have a rotten image, but no individual lemming has ever received bad press
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When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.
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If a business does well, the stock eventually follows.
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Mark Zuckerberg will be a hero to many young entrepreneurs 20 years from now. Bill Gates will be a hero to others, and they will look to those [people] like I read books when I was in my teens about Rockefeller or Carnegie.
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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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I learned to go into business only with people whom I like, trust, and admire.
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The time to buy stocks is consistently over time. You should never buy your investments with the idea, 'I have to get a certain return.' You should look at the best return possible and learn to live with that. But you should not try to make your investments earn what you feel you need. It doesn't work that way. The stock doesn't know you own it.
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Buy a business, don't rent stocks.
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With a wonderful business, you can figure out what will happen you can't figure out when it will happen. You don't want to focus on when, you want to focus on what. If you're right about what, you don't have to worry about when
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Chains of habit are too light to be felt until they are too heavy to be broken.
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Credit worthiness is like virginity, it can be preserved but not restored very easily, so it is crazy to play around with it.
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Resolution Trust Company was set up to liquidate a bunch of assets that the government had inherited because the savings and loans went broke.
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The Fed is the greatest hedge fund in history.
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In the end we must have people to match our principles, not the reverse.
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Problems in a company are like cockroaches in the kitchen. You will never find just one
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