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As of 1992, in fact-though the picture would have improved since then-the money that had been made since the dawn of aviation by all of this country's airline companies was zero. Absolutely zero.
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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Airline
More quotes by Warren Buffett
Buy companies with strong histories of profitability and with a dominant business franchise.
Warren Buffett
You don't have to be a genius to invest well
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The true investor welcomes volatility ... a wildly fluctuating market means that irrationally low prices will periodically be attached to solid businesses.
Warren Buffett
If anything, taxes for the lower and middle class and maybe even the upper-middle class should even probably be cut further. But I think that people at the high end - people like myself - should be paying a lot more in taxes. We have it better than we've ever had it.
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Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.
Warren Buffett
So some guy may know how to make money in cocoa beans, but I don't so I just let him have that. But it's got to be something I understand. It's got to be a business with fundamentally good economics. It's got to be a management that I like and trust and admire. And it's got to be a price that makes sense.
Warren Buffett
You have to turn over a lot of rocks to find those little anomalies. You have to find the companies that are off the map - way off the map.
Warren Buffett
It's a big mistake to try and mislead people. They will turn around.
Warren Buffett
In an inflationary world, a toll bridge (like company) would be a great thing to own because you've laid out the capital costs. You built it in old dollars and you don't have to keep replacing it.
Warren Buffett
I do not believe in inheriting your position in society based on which womb you come from... I think a rich person should leave his children enough so they can do anything, but not enough so they can do nothing.
Warren Buffett
Well, it may be all right in practice, but it will never work in theory
Warren Buffett
I think the worst mistake you can make in stocks is to buy or sell based on current headlines.
Warren Buffett
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.
Warren Buffett
Never give up searching for the job that you're passionate about.
Warren Buffett
The first rule is not to lose. The second rule is not to forget the first rule.
Warren Buffett
The only time to buy these is on a day with no 'y' in it.
Warren Buffett
America should stand for more than just wealth.
Warren Buffett
I bought a company in the mid-90s called Dexter Shoe and paid $400 million for it. And it went to zero. And I gave about $400 million worth of Berkshire stock, which is probably now worth $400 billion. But I've made lots of dumb decisions. That's part of the game.
Warren Buffett
You have hedge funds and people like that buying these assets to yield 15 or 20 percent, I mean, that's the buyer for these people that are trying to unload them.
Warren Buffett
It's very important that the determination of the US Congress to do what is is needed be made evident this week and by the actions of most of the members. I mean, you're not going to get total assent.
Warren Buffett
