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If you have a harem of 40 women, you never get to know any of them very well.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Harem
Women
Wells
Well
Never
More quotes by Warren Buffett
I've never been very fully employed either but just think of what it's like, you know, to go home with a mortgage payment you know and kids and everything else. My dad had that happen to him in the early '30s.
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We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
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Our goal is to find an outstanding business at a sensible price, not a mediocre business at a bargain price.
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If you don't find a way to make money while you sleep, you will work until you die.
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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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I just don't see anything available that gives any reasonable hope of delivering such a good year and I have no desire to grope around, hoping to 'get lucky' with other people's money. I am not attuned to this market environment, and I don't want to spoil a decent record by trying to play a game I don't understand just so I can go out a hero.
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There are certain things that cannot be adequately explained to a virgin either by words or pictures.
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The difference between successful people and really successful people is that really successful people say no to almost everything.
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It's just that I landed up in a terrific capitalist system. One that pays people who allocate capital extraordinarily well. Intrinsically, I'm not worth as much as somebody who invents something that could improves people's life, or health or whatever.
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Ignore the stock market, ignore the economy, and buy a business you understand.
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People will always try to stop you from doing the right thing if it is unconventional.
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We do not view the company itself as the ultimate owner of our business assets but instead view the company as a conduit through which our shareholders own assets.
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Of our 49 billion, we haven't moved any to Bitcoin
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So smile when you read a headline that says Investors lose as market falls. Edit it in your mind to Disinvestors lose as market falls-but investors gain. Though writers often forget this truism, there is a buyer for every seller and what hurts one necessarily helps the other. (As they say in golf matches: Every putt makes someone happy.
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Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
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I don't really think that, as a society, we [americans] want to confer blessings on generation after generation who contribute nothing to society, simply because somebody in the far distant past happened to amass a great sum of wealth.
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I wouldn’t mind going to jail if I had three cellmates who played bridge
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I have always cautioned partners that I considered three years a minimum in determining whether we were performing.
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It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction.
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It's the deleveraging that's going on right now that has caused the credit crisis.
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