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A very rich person should leave his kids enough to do anything, but not enough to do nothing.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Person
Nothing
Buffets
Enough
Investing
Children
Leave
Rich
Kids
Anything
Persons

More quotes by Warren Buffett

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The one piece of advice I can give you is, do what turns you on. Do something that if you had all the money in the world, you’d still be doing it. You’ve got to have a reason to jump out of bed in the morning.
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Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.
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If you want a government that's going to do the things we ask our government to do, you've got to get it from somebody.
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If AIG had tried to unwind their derivatives books. I don't know. It would have hit every institution in the world.
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We would do best in a market where everyone acted foolishly.
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Investors... can't pick stocks that are better than average. Stocks are a good thing to own over time. There's only two things you can do wrong: You can buy the wrong ones, and you can buy or sell them at the wrong time. And the truth is you never need to sell them.
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If you hit a hole in one every hole, you wouldn’t play golf for very long.
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The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table.
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I've made money over the years by buying into good companies, run by good people, at attractive prices. And I don't try and make it out of buying into the market at one point and selling at another point.
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People always ask me where they should go to work, and I always tell them to go to work for whom they admire the most.
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We've got a wonderful economic formula in this country.
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I asked him what he wanted to do for his career, and he replied that he wanted to go into a particular field, but thought he should work for McKinsey for a few years first to add to his resume. To me that's like saving sex for your old age. It makes no sense.
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All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.
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I've often felt there might be more to be gained by studying business failures than business successes.
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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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In investing, just as in baseball, to put runs on the scoreboard, one must watch the playing field, not the scoreboard.
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It's easy to identify many investment managers with great recent records. But past results, though important, do not suffice when prospective performance is being judged. How the record has been achieved is crucial.
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Basically, the single-most important decision in evaluating a business is pricing power.
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Truly conservative actions arise from intelligent hypotheses, correct facts and sound reasoning.
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It's class warfare, my class is winning, but they shouldn't be.
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