Share
×
Inspirational Quotes
Authors
Professions
Topics
Tags
Quote
At Berkshire, I both initiate and monitor every derivatives contract on our books ... If Berkshire ever gets in trouble, it will be my fault. It will not be because of the misjudgments made by a risk committee or chief risk officer.
Warren Buffett
Share
Change background
T
T
T
Change font
Original
TAGS & TOPICS
Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Trouble
Contracts
Monitor
Books
Chief
Derivatives
Ever
Chiefs
Initiate
Book
Fault
Officer
Made
Faults
Committee
Every
Management
Committees
Gets
Contract
Risk
Officers
Berkshire
More quotes by Warren Buffett
I view derivatives as time bombs, both for the parties that deal in them and the economic system.
Warren Buffett
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.
Warren Buffett
The rich invest in time, the poor invest in money.
Warren Buffett
The banking business is no favorite of ours. When assets are twenty times equity - a common ratio in this industry - mistakes that involve only a small portion of assets can destroy a major portion of equity. And mistakes have been the rule rather than the exception at many major banks.
Warren Buffett
It's better to build than to buy if you can find the right people.
Warren Buffett
Whatever you like to do, make it a hobby and whatever the world likes to do, make it a business.
Warren Buffett
This country is going - be living better ten years from now than it is now. It will be living better in 20 years from now than ten years from now. The ingredients that made this country, you know, the miracle of the world - I mean we had a seven for one improvement in the average American standard of living in the 20th century.
Warren Buffett
How do you beat Bobby Fischer? You play him at any game but chess. I try to stay in games where I have an edge.
Warren Buffett
Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful.
Warren Buffett
Either they're trying to con you or they're trying to con themselves.
Warren Buffett
The most common cause of low prices is pessimism - sometimes pervasive, sometimes 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.
Warren Buffett
I'll take the deal, whatever you want to do.
Warren Buffett
The single most important decision in evaluating a business is pricing power.
Warren Buffett
The reaction of weak management to weak operations is often weak accounting.
Warren Buffett
In the search [of a deal], we adopt the same attitude one might find appropriate in looking for a spouse: It pays to be active, interested, and open-minded, but it does not pay to be in a hurry.
Warren Buffett
It's never paid to bet against America. We come through things, but its not always a smooth ride.
Warren Buffett
There's nothing inappropriate about having debt in America. It's what helped us grow over time. And it's when debt gets out of control that you worry.
Warren Buffett
In a difficult business, no sooner is one problem solved than another surfaces - never is there just one cockroach in the kitchen.
Warren Buffett
You have to understand accounting and you have to understand the nuances of accounting. It's the language of business and it's an imperfect language, but unless you are willing to put in the effort to learn accounting - how to read and interpret financial statements - you really shouldn't select stocks yourself
Warren Buffett
I don't try and guess when to get in and out of the market. I have owned stocks consistently since 1942. I owned the - I was buying stocks the day before the election. I was buying the same stocks the day after election. And if Hillary had been elected, it would have been the same thing.
Warren Buffett