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I do not like debt and do not like to invest in companies that have too much debt, particularly long-term debt. With long-term debt, increases in interest rates can drastically affect company profits and make future cash flows less predictable.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Future
Profit
Increases
Less
Debt
Flows
Much
Rate
Invest
Long
Flow
Affect
Make
Increase
Cash
Drastically
Like
Company
Investing
Profits
Term
Companies
Rates
Interest
Particularly
Predictable

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I always say that in investing you want to buy stock in a company that has a business that's so good that an idiot can run it, because sooner or later one will. We have a country like that.
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Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.
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Success is having people love you that you want to have love you.
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We are trading away a little bit of our country all the time for this access consumption that we have over what we've produced. That is not good. I think it's terrible over time. But our country's productive grows enough so we actually can do that, and we'll still be better off. We just don't be as well off as if we hadn't done it.
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Look for companies with high profit margins.
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Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to purchase $2 of earnings that is not reportable by us under standard accounting principles than to purchase $1 of earnings that is reportable.
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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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If you can't communicate and talk to other people and get across your ideas, you're giving up your potential.
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The Stock Market is designed to transfer money from the Active to the Patient.
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Is management candid with the shareholders?
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If you lose money for the firm, I will be forgiving. If you lose reputation, I will be ruthless.
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I am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board.
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Stocks of companies selling commodity-like products should come with a warning label: Competition may prove hazardous to human wealth.
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If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes.
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To be successful, you should concentrate on the world of companies, not arcane accounting mathematics.
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