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Gold has two significant shortcomings, being neither of much use nor procreative.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Gold
Use
Money
Two
Much
Procreative
Shortcomings
Significant
Neither
More quotes by 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
Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices.
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I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.
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If you want a government that's going to do the things we ask our government to do, you've got to get it from somebody.
Warren Buffett
Never risk what you have and need for what we don't have and don't need.
Warren Buffett
People went crazy with tulip bulbs. They went crazy with the South Sea Bubble, they went crazy internet stocks, they went crazy with the uranium stocks back when I was first getting started.
Warren Buffett
I think that trying to invest through 535 people is a tough job, you know, and so I would give more latitude.
Warren Buffett
In business, I look for economic castles protected by unbreachable 'moats'.
Warren Buffett
We have provided capital here with a couple of institutions recently. The Federal government did that in the '30s for the RFC and I think there could well be a proper role for government in that.
Warren Buffett
In a commodity business, it's very hard to be smarter than your dumbest competitor.
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We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'
Warren Buffett
The best investment you can make, is an investment in yourself... The more you learn, the more you'll earn.
Warren Buffett
But 300 million Americans, their lending institutions, their government, their media, all believed that house prices were going to go up consistently. And that got billed into a $20 trillion residential home market. Lending was done based on it, and everybody did a lot of foolish things.
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I mean, Hank Paulson is in there [ Treasury] at the wrong time, probably shouldn't have taken the job. He's a friend of mine. But he knows markets, he knows corporations' work, he knows money, and he's got the interests of the country at heart.
Warren Buffett
You are lucky in life if you have the right heroes. I advise all of you, to the extent you can, to pick out a few heroes
Warren Buffett
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.
Warren Buffett
If you don't make mistakes you can't make decisions.
Warren Buffett
What could be more advantageous in an intellectual contest - whether it be chess, bridge, or stock selection - than to have opponents who have been taught that thinking is a waste of energy?
Warren Buffett
I buy expensive suits - they just look cheap on me.
Warren Buffett
I know that Congress will do the right thing.
Warren Buffett
