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Don't settle for anything other than your passion - if you're lucky enough to find it.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Lucky
Passion
Anything
Find
Enough
Settle
Settling
More quotes by Warren Buffett
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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In the insurance business, there is no statute of limitation on stupidity.
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Our approach is very much profiting from lack of change rather than from change. With Wrigley chewing gum, it's the lack of change that appeals to me. I don't think it is going to be hurt by the Internet. That's the kind of business I like.
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There seems to be some perverse human characteristic that likes to make easy things difficult.
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I always knew I was going to be rich. I don't think I ever doubted it for a minute.
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Focus on return on equity, not earnings per share.
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I think once you start putting phony figures into financial statements, you get in a lot of trouble. And we've seen so much of that in the last 20 years.
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People will always try to stop you from doing the right thing if it is unconventional.
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I have pledged - to you, the rating agencies and myself - to always run Berkshire with more than ample cash. We never want to count on the kindness of strangers in order to meet tomorrow's obligations. When forced to choose, I will not trade even a night's sleep for the chance of extra profits.
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The fundamental basis of above-average performance in the long run is sustainable competitive advantage.
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Everybody's got a different circle of competence. The important thing is not how big the circle is. The important thing is staying inside the circle.
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Truly conservative actions arise from intelligent hypotheses, correct facts and sound reasoning.
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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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The smartest side to take in a bidding war is the losing side.
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What motivates most gold purchasers is their belief that the ranks of the fearful will grow ... As 'bandwagon' investors join any party, they create their own truth - for a while.
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In my view, [the trade deficit] will create political turmoil at some point...Pretty soon, I think there will be a big adjustment.
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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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In our view, derivatives are financial weapons of mass destruction carrying dangers that, while latent, are potentially lethal.
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I think the rest of the country should be paying less, the 95 percent that [Barack] Obama talks about or maybe even a little higher than that.
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It's the deleveraging that's going on right now that has caused the credit crisis.
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