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If you want to shoot rare, fast-moving elephants, you should always carry a loaded gun.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Fast
Moving
Loaded
Always
Elephants
Rare
Shoot
Investing
Gun
Carry

More quotes by Warren Buffett

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If you own a wonderful business...the best thing to do is keep it. All you're going to do is trade your wonderful business for a whole bunch of cash, which isn't as good as the business, and you got the problem of investing in other businesses, and you probably paid a tax in between. So my advice to anybody who owns a wonderful business is keep it.
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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 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 have learned to turn out lots of goods and services, but we haven't learned as well how to have everybody share in the bounty. The obligation of a society as prosperous as ours is to figure out how nobody gets left too far behind.
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Like most trends, at the beginning it's driven by fundamentals, at some point speculation takes over. What the wise man does in the beginning, the fool does in the end.
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Basically, the single-most important decision in evaluating a business is pricing power.
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I make no effort to predict the course of general business or the stock market. Period. However, currently there are practices snowballing in the security markets and business world which, while devoid of short term predictive value, bother me as to possible long term consequences.
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We've long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children.
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To win, the first thing you have to do is not lose.
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Never be afraid to ask for too much when selling or offer too little when buying.
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If AIG had tried to unwind their derivatives books. I don't know. It would have hit every institution in the world.
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Investing requires qualities of temperament way more than it requires qualities of intellect.
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Do what you would do for free, having passion for what you do is the most important thing.
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Do not put all your eggs in one basket.
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The Noah rule: Predicting rain doesn't count building arks does.
Warren Buffett
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Life is like a snowball. The important thing is finding wet snow and a really long hill.
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Larger sums may be an advantage at some cases and a disadvantage at others.
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There is no staff. I make all the investment decisions and I do all my own analysis.
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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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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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