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In our view, derivatives are financial weapons of mass destruction carrying dangers that, while latent, are potentially lethal.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Business
Finance
Destruction
Financial
Lethal
Weapons
Derivatives
Mass
Latent
View
Potentially
Danger
Dangers
Views
Carrying

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As one of my older friends says, Nostalgia just isn't what it used to be. Let's take a stab at it, anyway.
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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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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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You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing.
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I just think that - when a country needs more income and we do, we're only taking in 15 percent of GDP, I mean, that - that - when a country needs more income, they should get it from the people that have it.
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Too often, executive compensation in the U.S. is ridiculously out of line with performance. That won't change, moreover, because the deck is stacked against investors when it comes to the CEO's pay.
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Our future rates of gain will fall far short of those achieved in the past. Berkshire's capital base is now simply too large to allow us to earn truly outsized returns. If you believe otherwise, you should consider a career in sales but avoid one in mathematics.
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Games are won by players who focus on the playing field -- not by those whose eyes are glued to the scoreboard.
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Success in investing doesn’t correlate with I.Q. Once you are above the level of 25 once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.
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A fool and his money are soon invited everywhere.
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Remember that the stock market is manic-depressive.
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Money will not change how healthy you are or how many people love you.
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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 mean [Franklin Delano] Roosevelt didn't - you know, when he came in, he didn't print any money.
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Stop trying to predict the direction of the stock market, the economy or elections.
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The most important thing in terms of your circle of competence is not how large the area of it is, but how well you've defined the perimeter.
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