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Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Future
Equity
Much
Prices
Investing
Equities
Prefer
Purchasers
Near
Prospective
Rise
Sellers
Seeing
Stocks
Happy
Sinking

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There is no substitute for a local newspaper that is doing its job.
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I learned to go into business only with people whom I like, trust, and admire.
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They say the chains of habit are too light to be felt until they are too heavy to be broken. The chains you put around yourself now have enormous consequences as you go through life.
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Knowing the edge of your competency is important. If you think you know more than you do, you will get in trouble.
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I think that actually people in my situation should be paying more tax.
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Nothing sedates rationality like large doses of effortless money.
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Confidence is key. You're not going to put your money - you're not going to leave your money with me unless you're confident I'm going to give it back to you.
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The truth is that I've got all my net worth safely in Berkshire and I will never sell a share so there is no one more concerned about what happens after my death than I am.
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In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
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When a management with reputation for brilliance gets hooked up with a business with a reputation for bad economics, it's the reputation of the business that remains intact.
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