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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
Persons
Person
Nothing
Buffets
Enough
Investing
Children
Leave
Rich
Kids
Anything

More quotes by Warren Buffett

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Let only individuals contribute - with sensible limits per election. Otherwise, we are well on our way to ensuring that a government of the moneyed, by the moneyed, and for the moneyed shall not perish from the earth.
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The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It's optimism that is the enemy of the rational buyer.
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The true investor welcomes volatility ... a wildly fluctuating market means that irrationally low prices will periodically be attached to solid businesses.
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Be fearful when the markets get greedy, be greedy when the markets get fearful.
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The important thing is to keep playing, to play against weak opponents and to play for big stakes.
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When you listen to tax-cut rhetoric, remember that giving one class of taxpayer a break requires - now or down the line - that an equivalent burden be imposed on other parties. In other words, if I get a break, someone else pays. Government can't deliver a free lunch to the country as a whole. It can however, determine who pays for lunch.
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The best thing I did was choose the right heroes.
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We've used derivatives for many, many years. I don't think derivatives are evil, per se, I think they are dangerous.
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I'll take the deal, whatever you want to do.
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The great personal fortunes in the country weren't built on a portfolio of fifty companies. They were built by someone who identified one wonderful business. With each investment you make, you should have the courage and the conviction to place at least 10% of your net worth in that stock.
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Earnings can be pliable as putty when a charlatan heads the company reporting them.
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I learned to go into business only with people whom I like, trust, and admire.
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The ability to say no is a tremendous advantage for an investor.
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You can be sure that over the next 10 years, you'll see something that you did not think was possible.
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Returns decrease as motion increases.
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Wall Street makes its money on activity. You make your money on inactivity.
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A public-opinion poll is no substitute for thought.
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I certainly do believe anyone engaged in the management of money should have a standard of measurement, and that both he and the party whose money is managed should have a clear understanding why it is the appropriate standard, what time period should be utilized, etc.
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I think you should read everything you can. In my case, by the age of 10, I'd read every book in the Omaha public library about investing, some twice. You need to fill your mind with various competing thoughts and decide which make sense.
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In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
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