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My father was the best person i've ever known.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Motivational
Known
Father
Inspirational
Persons
Best
Person
Ever
More quotes by Warren Buffett
You are lucky in life if you have the right heroes. I advise all of you, to the extent you can, to pick out a few heroes
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You should invest in a business that even a fool can run, because someday a fool will.
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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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I do not believe in inheriting your position in society based on which womb you come from... I think a rich person should leave his children enough so they can do anything, but not enough so they can do nothing.
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Does the business have a consistent operating history?
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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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In the insurance business, there is no statute of limitation on stupidity.
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People should always know better.
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I mean [Franklin Delano] Roosevelt didn't - you know, when he came in, he didn't print any money.
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I wouldn’t mind going to jail if I had three cellmates who played bridge
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... it's important to have the right monetary policy. It's important for, to have the right fiscal policy. But it's nowhere near as important as just the normal regenerative capacity of American capitalism.
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Our policy is to concentrate holdings. We try to avoid buying a little of this or that when we are only lukewarm about the business or its price. When we are convinced as to attractiveness, we believe in buying worthwhile amounts.
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Managers that always promise to 'make the numbers' will at some point be tempted to make up the numbers.
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The gross profits in many workouts appear quite small. It's a little like looking for parking meters with some time left on them. However, the predictability coupled with a short holding period produces quite decent average annual rates of return after allowance for the occasional substantial loss.
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What's going to happen - things we're doing are going to have some inflationary consequences.
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I will do anything that is basically covered by the law to reduce Berkshire's tax rate. For example, on wind energy, we get a tax credit if we build a lot of wind farms. That's the only reason to build them. They don't make sense without the tax credit.
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The stock market is a no-called-strike game. You don’t have to swing at everything – you can wait for your pitch.
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Never risk what you have and need for what we don't have and don't need.
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I don't think it would be crazy to have a model or an entity model on the Reconstruction Finance Corp.
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A market downturn, doesn't bother us. For us and our long term investors, it is an opportunity to increase our ownership of great companies with great management at good prices. Only for short term investors and market timers is a correction not an opportunity.
Warren Buffett