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If you gave me $100 billion and said take away the soft drink leadership of Coca-Cola in the world, I'd give it back to you and say it can't be done.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Done
Billions
Giving
Gave
World
Leadership
Drink
Away
Cola
Give
Coca
Back
Billion
Take
Soft
More quotes by Warren Buffett
Investing is laying out money now to get more money back in the future.
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The market system rewards me outlandishly for what I do, but that doesn't mean I'm any more deserving of a good life than a teacher or a doctor or someone who fights in Afghanistan.
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Our stay-put behavior reflects our view that the stock market serves as a relocation center at which money is moved from the active to the patient.
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Asking for financial advice from a financial planner is like asking a barber if you need a hair cut.
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It's better to build than to buy if you can find the right people.
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I think the oversight is great, and I think that oversight ought to be devoted almost entirely to the question is this being done at market you know. In other words, you want to make sure that the government isn't investing foolishly. But you don't want to care about which congressional districts it goes to or whether banks get favored over.
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Asset-heavy businesses generally earn low rates of return - rates that often barely provide enough capital to fund the inflationary needs of the existing business, with nothing left over for real growth, for distribution to owners, or for acquisition of new businesses
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Either they're trying to con you or they're trying to con themselves.
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A hyperactive stock market is the pickpocket of enterprise.
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I look at everything. That's my job. I really do, every day. I think about everything.
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The key to success is emotional stability.
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Look for 3 things in a person. Intelligence, Energy, & Integrity. If they don't have the last one, don't even bother with the first two.
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In earlier years, a lesser effort produced literally dozens of comparable opportunities. It is difficult to be objective about the causes for such diminution of one's own productivity. Three factors that seem apparent are: (1) a somewhat changed market environment (2) our increased size and (3) substantially more competition.
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What the wise do in the beginning, fools do in the end.
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The fact that people will be full of greed, fear, or folly is predictable. The sequence is not predictable.
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In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts the Depression a dozen or so recessions and financial panics oil shocks a flu epidemic and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.
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Investors should remember that excitement and expenses are their enemies.
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As an investor with small capital, one should prefer businesses that have high returns on capital and that require little incremental investment to grow.
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Forecasts usually tell us more of the forecaster than of the forecast
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Returns decrease as motion increases.
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