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The reaction of weak management to weak operations is often weak accounting.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
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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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I think the rest of the country should be paying less, the 95 percent that [Barack] Obama talks about or maybe even a little higher than that.
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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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If you can tell me who your heroes are, I can tell you how you're going to turn out in life.
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If I got any good ideas out of that or I think they're good ideas, I'll be glad to contribute them but the system will probably overdo some other things.
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The best education you can get is investing in yourself, and that doesn't mean college or university.
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We intend to continue our practice of working only with people whom we like and admire. This policy not only maximizes our chances for good results, it also ensures us an extraordinarily good time.
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Your money can be inflated away but your knowledge and talent cannot.
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Failure comes from ego, greed, envy, fear, imitation. I have success not because I am smart, but because I am rational.
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If principles can become dated, they're not principles.
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It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction.
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Derivatives are like sex. It's not who we're sleeping with, it's who they're sleeping with that's the problem.
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The greatest investment a young person can make is in their own education, in their own mind. Because money comes and goes. Relationships come and go. But what you learn once stays with you forever.
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A prediction about the direction of the stock market tells you nothing about where stocks are headed, but a whole lot about the person doing the predicting.
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We will prosper or suffer in controlled investments in relation to the operating performances of our businesses - we will not attempt to profit by playing various games in the securities markets.
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