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I think you are out of your mind if you keep taking jobs that you don't like because you think it will look good on your resume. Isn't that a little like saving up sex for your old age?
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
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Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
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More quotes by Warren Buffett
If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.
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There are three kinds of people: 1. Innovators. 2. Imitators. 3. Idiots.
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You get in a lot of trouble when you start putting fictitious numbers.
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The best thing I did was choose the right heroes.
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Continually challenge and be willing to amend your best loved ideas.
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In an inflationary world, a toll bridge (like company) would be a great thing to own because you've laid out the capital costs. You built it in old dollars and you don't have to keep replacing it.
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If you gave me $100 billion and said take away the soft drink leadership of Coca-Cola in the world, I'd give it back to you and say it can't be done.
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We need to throw the resources at this that are necessary. But like I say, we are not spending money. I mean, if we buy these assets intelligently, the United States Treasury will make money. I mean, it's borrowing money. It's just a few percent a year.
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Never test the depth of river with both the feet.
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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.
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Never give up searching for the job that you’re passionate about. Try to find the job you’d have if you were independently rich. Forget about the pay. When you’re associating with the people that you love, doing what you love, it doesn’t get any better than that.
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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.
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Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.
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Investors have to remember: corporate profits are going up, but stocks are going up faster. How can that continue indefinitely? Investors can only earn what companies themselves can earn the government or the markets themselves don't kick anything in. How can you get anything more out of a farm than what it grows?
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Inflation could be a very - is a likely consequence out of what's going on now.
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In economics, you always want to ask 'And then what?'
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In a commodity business, it's very hard to be smarter than your dumbest competitor.
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Buy companies with strong histories of profitability and with a dominant business franchise.
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We're paying maybe 25 percent of the income tax, but the payroll tax is over a third of the receipts of the federal government. And they don't take that from me on capital gains. They don't take that from me on dividends.
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A newspaper that reduces its coverage of the news important to its community is certain to reduce its readership as well
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