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In other words, the percentage change in book value in any given year is likely to be reasonably close to that year's change in intrinsic value.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Words
Reasonably
Given
Percentage
Change
Percentages
Book
Likely
Years
Close
Value
Year
Values
Intrinsic

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We've got more productive capacity now than we ever have.
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Investing in yourself is the best thing you can do. If you've got talents, no one can take them from you.
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There is nothing like writing to force you to think and get your thoughts straight.
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I've never been very fully employed either.
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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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I have an 800 freephone number now that I call if I get the urge to buy an airline stock. I call at two in the morning and I say: My name is Warren and I'm an aeroholic. And then they talk me down.
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We've had public companies in the past in that business and they bleed. We've got a lot more blood than they do.
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I certainly have no desire to sell a good controlled business run by people I like and admire, merely to obtain a fancy price. However, specific conditions may cause the sale of one operating unit at some point.
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I'll bring my tax returns you bring yours. I'll meet you anytime anywhere.
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A pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons: First, many in Wall Street (a community in which quality control is not prized) will sell investors anything they will buy. Second, speculation is most dangerous when it looks easiest.
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I view derivatives as time bombs, both for the parties that deal in them and the economic system.
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The only time to buy these is on a day with no 'y' in it.
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In my view, [the trade deficit] will create political turmoil at some point...Pretty soon, I think there will be a big adjustment.
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