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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

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Enough
Wisdom
Children
Rich
Believe
Society
Think
Anything
Inheriting
Thinking
Persons
Womb
Person
Based
Come
Leave
Nothing
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You don't need to be an expert in order to achieve satisfactory investment returns. But if you aren't, you must recognize your limitations and follow a course certain to work reasonably well. Keep things simple and don't swing for the fences.
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Only when the tide goes out do you discover who's been swimming naked.
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I don't have my diploma from the University of Nebraska hanging on my office wall, and I don't have my diploma from Columbia up there either-but I do have my Dale Carnegie graduation certificate proudly displayed.
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We're perfectly willing to trade away a big payoff for a certain payoff.
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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.
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The .350 hitter expects, and also deserves, a big payoff for his performance - even if he plays for a cellar-dwelling team. And a .150 hitter should get no reward - even if he plays for a pennant winner.
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My father was the best person i've ever known.
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Someone's sitting in the shade today because someone planted a tree a long time ago. The person sitting in the shade now should be grateful for the person who planted and tended that tree. That includes all those benefactors of humanity throughout history that created, invented, financed, produced, maintained and improved all that we enjoy today.
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Money is not everything. Make sure you earn a lot before speaking such nonsense.
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The greater the potential for reward in the value portfolio, the less risk there is.
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A newspaper that reduces its coverage of the news important to its community is certain to reduce its readership as well
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Only when you combine sound intellect with emotional discipline do you get rational behavior.
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The U.S. Treasury has got borrowing costs like nobody else has.
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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.
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When we really sit back with a smile on our face is when we run into a situation we can understand, where the facts are ascertainable and clear, and the course of action obvious.
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The power of unconditional love. I mean, there is no power on earth like unconditional love.
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There are 309 million people out there that are trying to improve their lot in life. And we've got a system that allows them to do it.
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By periodically investing in an index fund, the know-nothing investors can actually outperform most investment professionals.
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When you listen to tax-cut rhetoric, remember that giving one class of taxpayer a break requires - now or down the line - that an equivalent burden be imposed on other parties. In other words, if I get a break, someone else pays. Government can't deliver a free lunch to the country as a whole. It can however, determine who pays for lunch.
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If a business does well, the stock eventually follows.
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