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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
Transfers
Largest
Wealth
Energy
History
Deregulation
Transfer

More quotes by Warren Buffett

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With housing it's something even more dramatic than that, because most people aspire to own their own home.If you really think that houses prices are going to go up next year and the year after, you feel if I don't buy it this year, I'm going to have to buy it next year.That's not true of an Internet stock. But it's true of a home.
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We're still in a recession. We're not gonna be out of it for a while, but we will get out.
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One of the ironies of the stock market is the emphasis on activity. Brokers, using terms such as 'marketability' and 'liquidity,' sing the praises of companies with high share turnover... but investors should understand that what is good for the croupier is not good for the customer. A hyperactive stock market is the pick pocket of enterprise.
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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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My wealth has come from a combination of living in America, some lucky genes, and compound interest.
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My friends and I have been coddled long enough by a billionaire-friendly Congress.
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Sound investing can make you very wealthy if you're not in too big a hurry
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I think I could make you fifty percent a year on one million dollars. No, I know I could. I guarantee that.
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I asked him what he wanted to do for his career, and he replied that he wanted to go into a particular field, but thought he should work for McKinsey for a few years first to add to his resume. To me that's like saving sex for your old age. It makes no sense.
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Basically, the single-most important decision in evaluating a business is pricing power.
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It’s not that I want money. It’s the fun of making money and watching it grow.
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Risk can be greatly reduced by concentrating on only a few holdings.
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I checked the actuarial tables, and the lowest death rate is among six-year-olds. So I decided to eat like a six-year-old.
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I think you should read everything you can. In my case, by the age of 10, I'd read every book in the Omaha public library about investing, some twice. You need to fill your mind with various competing thoughts and decide which make sense.
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The best education you can get is investing in yourself, and that doesn't mean college or university.
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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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I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.
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I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.
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I don't have my diploma from the University of Nebraska hanging on my office wall, and I don't have my diploma from Columbia up there either-but I do have my Dale Carnegie graduation certificate proudly displayed.
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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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