Quote

I have pledged - to you, the rating agencies and myself - to always run Berkshire with more than ample cash. We never want to count on the kindness of strangers in order to meet tomorrow's obligations. When forced to choose, I will not trade even a night's sleep for the chance of extra profits.

Warren Buffett

Change background

T
T
T

Change font

TAGS & TOPICS

Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Always
Tomorrow
Obligation
Strangers
Berkshire
Never
Sleep
Stranger
Extra
Pledged
Chance
Investment
Extras
Buffets
Business
Profit
Cash
Ample
Running
Kindness
Agency
Agencies
Night
Trade
Forced
Rating
Order
Meet
Count
Obligations
Even
Choose
Investing
Profits

More quotes by Warren Buffett

Image
Your premium brand had better be delivering something special, or it's not going to get the business.
Warren Buffett
Image
The active investors will have their returns diminished by a far greater percentage than will their inactive brethren. That means that the passive group - the know-nothings - must win.
Warren Buffett
Image
I believe the chance of any event causing Berkshire to experience financial problems is essentially zero. We will always be prepared for the thousand-year flood in fact, if it occurswe will be selling life jackets to the unprepared.
Warren Buffett
Image
A newspaper that reduces its coverage of the news important to its community is certain to reduce its readership as well
Warren Buffett
Image
Just imagine living on 21,000 a year. I mean you have 20 percent of the population doing that. So you don't have to worry about guys like me.
Warren Buffett
Image
I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.
Warren Buffett
Image
If the world couldn't see your results, would you rather be thought of as the world's greatest investor but in reality have the world's worst record? Or be thought of as the world's worst investor when you were actually the best?
Warren Buffett
Image
Government can't deliver a free lunch to the country as a whole. It can, however, determine who pays for lunch. And last week the Senate handed the bill to the wrong party... the poor and middle class.
Warren Buffett
Image
It's a nightmare to administer some of this sort of thing, but I want to tell the shareholders of Berkshire, to the percent we own marketable securities or things for which there are market, even if those markets - I want to tell them what it's all about.
Warren Buffett
Image
A pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons: First, many in Wall Street (a community in which quality control is not prized) will sell investors anything they will buy. Second, speculation is most dangerous when it looks easiest.
Warren Buffett
Image
We have a country where I don't know whether it's a million households a year or more, but good form.
Warren Buffett
Image
Investment ideas, like women are often more exciting than punctual.
Warren Buffett
Image
A lot of great fortunes in the world have been made by owning a single wonderful business. If you understand the business, you don't need to own very many of them.
Warren Buffett
Image
Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of even an outstanding company to catch up with the price they paid.
Warren Buffett
Image
Resolution Trust Company was set up to liquidate a bunch of assets that the government had inherited because the savings and loans went broke.
Warren Buffett
Image
Nothing sedates rationality like large doses of effortless money.
Warren Buffett
Image
It's good to learn from your mistakes. It's better to learn from other people's mistakes.
Warren Buffett
Image
What the wise do in the beginning, fools do in the end.
Warren Buffett
Image
I know the country works extremely well. You know, but when it isn't clogged up.
Warren Buffett
Image
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.
Warren Buffett