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

Change background

T
T
T

Change font

TAGS & TOPICS

Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Books
Chief
Derivatives
Ever
Chiefs
Initiate
Book
Fault
Officer
Made
Faults
Committee
Every
Management
Committees
Gets
Contract
Risk
Officers
Berkshire
Trouble
Contracts
Monitor

More quotes by Warren Buffett

Image
You can't buy what is popular and do well.
Warren Buffett
Image
People went crazy with tulip bulbs. They went crazy with the South Sea Bubble, they went crazy internet stocks, they went crazy with the uranium stocks back when I was first getting started.
Warren Buffett
Image
The critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price.
Warren Buffett
Image
The Noah rule: Predicting rain doesn't count building arks does.
Warren Buffett
Image
I don't need 15 houses. Owning real estate doesn't mean much to me. I don't like to think about things like that. I don't need 12 boats, or even the world's largest boat with a crew of 80. I'd have to take care of them, to worry about them. I get a lot more fun out of life without all the bells and whistles.
Warren Buffett
Image
You don't ever ask a barber whether you need a haircut.
Warren Buffett
Image
We have embraced the 21st century by entering such cutting-edge industries as brick, carpet, insulation and paint. Try to control your excitement.
Warren Buffett
Image
I'm happy when I can spend every day doing the things that I like to do. That's my luxury.
Warren Buffett
Image
Wall Street makes its money on activity. You make your money on inactivity.
Warren Buffett
Image
In fact, in my adult lifetime, I don't think I've ever seen people as fearful economically as they are right now.
Warren Buffett
Image
Having first rate people on the team is more important than designing hierarchies and clarifying who reports to whom.
Warren Buffett
Image
I don't measure my life by the money I've made. Other people might, but certainly don't.
Warren Buffett
Image
Invest in as much of yourself as you can, you are your own biggest asset by far.
Warren Buffett
Image
My wealth has come from a combination of living in America, some lucky genes, and compound interest.
Warren Buffett
Image
If I taught a class, on my final exam I would take an Internet company and ask, 'How much is this company worth?' Anyone who would answer, I would flunk.
Warren Buffett
Image
A lot of people disagree with me on this, I believe in mark to market.
Warren Buffett
Image
In business, I look for economic castles protected by unbreachable 'moats'.
Warren Buffett
Image
You can't help some increase from this point. I don't want any viewer to go away think a magic wand exists in Congress. So they're going to see some more bad news. But if we do this, we're doing the right thing.
Warren Buffett
Image
I think you should read everything you can. In my case, by the age of 10, I'd read every book in the Omaha public library about investing, some twice. You need to fill your mind with various competing thoughts and decide which make sense.
Warren Buffett
Image
An irresistable footnote: in 1971, pension fund managers invested a record 122% of net funds available in equities - at full prices they couldn't buy enough of them. In 1974, after the bottom had fallen out, they committed a then record low of 21% to stocks.
Warren Buffett