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If horses had controlled investment decisions, there would have been no auto industry.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Horse
Industry
Decision
Would
Auto
Horses
Controlled
Investment
Decisions

More quotes by Warren Buffett

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When the president of the United States goes out at, you know, 8:00 o'clock in the morning and then his own party votes gets him 2 to 1 in the house, you know that somehow a message isn't getting out. It takes real leadership.
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I am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board.
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We all make mistakes. If you can't make mistakes, you can't make decisions. I've made a lot bigger mistakes myself.
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Cash never makes us happy, but it's better to have the money burning a hole in Berkshire's pocket than resting comfortably in someone else's.
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If you have a great manager, you want to pay him very well.
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If you were at Lehman, the same thing happened. If you were at AIG, the shareholders are getting creamed on these things. And those shareholders are not just a bunch of big shots in Wall Street. Those are pension funds, and those are investors all over the country. I wouldn't worry too much about that. Justice won't be perfect on it.
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Emotional makeup is more important than technical skill
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I'll tell you why I like the cigarette business. It cost a penny to make. Sell it for a dollar. It's addictive. And there's a fantastic brand loyalty.
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They [Goverment] take from the woman who comes in and takes the wastebaskets out.
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There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.
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In our view, derivatives are financial weapons of mass destruction carrying dangers that, while latent, are potentially lethal.
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You should invest like a Catholic marries: for life.
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I get to do what I like to do every single day of the year.
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I find that the standard of living does not go up in proportion with the cost of living. The trick in life is to do things that are fun all the time.
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Whatever you like to do, make it a hobby and whatever the world likes to do, make it a business.
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A Company should be viewed as an unfolding movie, not as a still photograph
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I've never been very fully employed either but just think of what it's like, you know, to go home with a mortgage payment you know and kids and everything else. My dad had that happen to him in the early '30s.
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It's the deleveraging that's going on right now that has caused the credit crisis.
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Inflation could be a very - is a likely consequence out of what's going on now.
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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.
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