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Only when you combine sound intellect with emotional discipline do you get rational behavior.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Combine
Investing
Rational
Intellect
Discipline
Behavior
Emotional
Sound
Buffets

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It's a nightmare to administer some of this sort of thing, but I want to tell the shareholders of Berkshire, to the percent we own marketable securities or things for which there are market, even if those markets - I want to tell them what it's all about.
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The time to buy stocks is consistently over time. You should never buy your investments with the idea, 'I have to get a certain return.' You should look at the best return possible and learn to live with that. But you should not try to make your investments earn what you feel you need. It doesn't work that way. The stock doesn't know you own it.
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When Berkshire buys common stock, we approach the transaction as if we were buying into a private business.
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Trust is like the air we breathe--when it's present, nobody really notices when it's absent, everybody notices.
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You know, with your money and my brains, I mean, there's no telling how far we'd go.
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In our view, derivatives are financial weapons of mass destruction carrying dangers that, while latent, are potentially lethal.
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We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.
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Investment ideas, like women are often more exciting than punctual.
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I really like my life. I've arranged my life so that I can do what I want.
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An investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace.
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You have no ability, if you're a financial institution and you're threatened with criminal prosecution, you have no ability to negotiate.
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Occasionally, a man must rise above principles.
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If I were the treasury secretary or head of the Fed, you know, I would try to scare the hell the out of the private sector and say, you better save this because you're going down with the ship.
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Asset-heavy businesses generally earn low rates of return - rates that often barely provide enough capital to fund the inflationary needs of the existing business, with nothing left over for real growth, for distribution to owners, or for acquisition of new businesses
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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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The key to life is to figure out who to be the batboy for.
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The same things happen to quite an extent around the globe. I mean, the European banks were doing what the American banks were.
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It's nice to have a lot of money, but you know, you don't want to keep it around forever. I prefer buying things. Otherwise, it's a little like saving sex for your old age.
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It is easier to rationalize than it is to be rational.
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I don't think you can have a better secretary of the Treasury than Hank Paulson.
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