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There are certain things that cannot be adequately explained to a virgin either by words or pictures.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Cannot
Certain
Adequately
Things
Virgin
Virgins
Explained
Pictures
Either
Words

More quotes by Warren Buffett

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My friends and I have been coddled long enough by a billionaire-friendly Congress.
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Our approach is very much profiting from lack of change rather than from change.
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Confidence in markets and in institutions, it's a lot like oxygen. When you have it, you don't even think about it. It's indispensable. You can go years without thinking about it. When it's gone for five minutes, it's the only thing to think about.
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Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.
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I think people - what people want to do is make [economy] get worse.
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The most important investment you can make is in yourself. Very few people get anything like their potential horsepower translated into the actual horsepower of their output in life. Potential exceeds realization for many people...The best asset is your own self. You can become to an enormous degree the person you want to be.
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I happen to have a talent for allocating capital. But my ability to use that talent is completely dependent on the society I was born into. If I'd been born into a tribe of hunters, this talent of mine would be pretty worthless. I can't run very fast. I'm not particularly strong. I'd probably end up as some wild animal's dinner.
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Benign neglect, bordering on sloth, remains the hallmark of our investment process.
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Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
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I think that both parties should declare the debt limit as a political weapon of mass destruction which can't be used. I mean, it is silly to have a country that has 237 years building up its reputation and then have people threaten to tear it down because they're not getting some other matter.
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The most important investment you can make is in yourself... nobody can tax it or take it away from you.
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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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The real fortunes in this country have been made by people who have been right about the business they invested in, and not right about the timing of the stock market.
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Earnings can be pliable as putty when a charlatan heads the company reporting them.
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Focus on your customers and lead your people as though their lives depend on your success.
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You get in a lot of trouble when you start putting fictitious numbers.
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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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There is nothing like writing to force you to think and get your thoughts straight.
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As one of my older friends says, Nostalgia just isn't what it used to be. Let's take a stab at it, anyway.
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Writing checks to the IRS that include strings of zeros does not bother me ... Overall, we feel extraordinarily lucky to have been dealt a hand in life that enables us to write large checks to the government rather than one requiring the government to regularly write checks to us-say, because we are disabled or unemployed.
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