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Energy deregulation will be the largest transfer of wealth in history.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Wealth
Energy
History
Deregulation
Transfer
Transfers
Largest
More quotes by Warren Buffett
AIG would be doing fine today. It was one of the ten largest companies in the United States in terms of market value, over 200 billion, the most respected insurer and everything in the world.
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Possessing a powerful worldwide brand is essential for sustained success.
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We have a country where I don't know whether it's a million households a year or more, but good form.
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It is not necessary to do extraordinary things to get extraordinary results.
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We continue to make more money when snoring than when active.
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I never try to predict the market.
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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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First come the innovators, then come the imitators, then come the idiots.
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When people talk about cash being king, it's not king if it just sits there and never does anything.
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What's going to happen - things we're doing are going to have some inflationary consequences.
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It's a nightmare to administer some of this sort of thing, but I want to tell the shareholders of Berkshire, to the percent we own marketable securities or things for which there are market, even if those markets - I want to tell them what it's all about.
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In other words, the percentage change in book value in any given year is likely to be reasonably close to that year's change in intrinsic value.
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My net worth is the market value of holdings less the tax payable upon sale. The liability is just as real as the asset unless the value of the asset declines (ouch), the asset is given away (no comment), or I die with it. The latter course of action would appear to at least border on a Pyrrhic victory.
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My favorite time frame for holding a stock is forever.
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I was lucky enough to be born in a time and place where society values my talent, and gave me a good education to develop that talent, and set up the laws and the finanical system to let me do what I love doing-and make a lot of money doing it. The least I can do is help pay for all that.
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There are all kinds of businesses that Charlie and I don't understand, but that doesn't cause us to stay up at night. It just means we go on to the next one, and that's what the individual investor should do.
Warren Buffett
My job is essentially just corralling more and more and more facts and information, and occasionally seeing whether that leads to some action.
Warren Buffett
First, many in Wall Street - a community in which quality control is not prized - will sell investors anything they will buy.
Warren Buffett
My rather puritanical view is that any investment manager, whether operating as broker, investment counselor of a trust department, investment company, etc., should be willing to state unequivocally what he is going to attempt to accomplish and how he proposes to measure the extent to which he gets the job done.
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I would say that life at 84, I am having as much fun as I've ever had in my life. I mean I get to do what I love every day with the people I love-and it just doesn't get any better than that.
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