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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
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Omaha
Nebraska
Warren Edward Buffett
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More quotes by Warren Buffett
Although we deal with probabilities and expectations, the actual results can deviate substantially from such expectations, particularly on a short-term basis.
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Very successful people say no to almost everything.
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If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.
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Charlie [Munger] and I are not big fans of resumes. Instead, we focus on brains, passion and integrity.
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You have no ability, if you're a financial institution and you're threatened with criminal prosecution, you have no ability to negotiate.
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We really can say no in 10 seconds or so to 90%+ of all the things that come along simply because we have these filters.
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I do know that when I am 60, I should be attempting to achieve different personal goals than those which had priority at age 20.
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An investor should ordinarily hold a small piece of an outstanding business with the same tenacity that an owner would exhibit if he owned all of that business.
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The power of unconditional love. I mean, there is no power on earth like unconditional love.
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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.
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You have to be able to communicate in life and probably schools underemphasize that. If you can't talk to people or write, you're giving up your potential.
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Our future rates of gain will fall far short of those achieved in the past. Berkshire's capital base is now simply too large to allow us to earn truly outsized returns. If you believe otherwise, you should consider a career in sales but avoid one in mathematics.
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You do not adequately protect yourself by being half awake when other are sleeping.
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I don't want to be on the other side of the table from the customer. I was never selling anything that I didn't believe in myself or use myself.
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We don't read other people's opinions. We want to get the facts, and then think.
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I think confidence will come back.
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Money is not everything. Make sure you earn a lot before speaking such nonsense.
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I just don't see anything available that gives any reasonable hope of delivering such a good year and I have no desire to grope around, hoping to 'get lucky' with other people's money. I am not attuned to this market environment, and I don't want to spoil a decent record by trying to play a game I don't understand just so I can go out a hero.
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If you have a harem of 40 women, you never get to know any of them very well.
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Confidence is key. You're not going to put your money - you're not going to leave your money with me unless you're confident I'm going to give it back to you.
Warren Buffett
