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The typical large company has a compensation committee, They don't look for Dobermans on that committee, they look for chihuahuas.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Committees
Typical
Large
Company
Chihuahuas
Look
Dobermans
Looks
Chihuahua
Compensation
Committee

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While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks.
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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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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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I tell college students, when you get to be my age you will be successful if the people who you hope to have love you, do love you.
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There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.
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A home is one of the most important assets that most people will ever buy. Homes are also where memories are made and you want to work with someone you can trust.
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In the end, alchemy, whether it is metallurgical or financial, fails. A base business can not be transformed into a golden business by tricks of accounting or capital structure. The man claiming to be a financial alchemist may become rich. But gullible investors rather than business achievements will usually be the source of his wealth.
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In one way, I'm sympathetic to the institutional reluctance to face the music. I'd give a lot to mark my weight to 'model' rather than to 'market.'
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I find that the standard of living does not go up in proportion with the cost of living. The trick in life is to do things that are fun all the time.
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The thing to do is to keep your mind when the world around you is losing theirs.
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You ought to be able to explain why you’re taking the job you’re taking, why you’re making the investment you’re making, or whatever it may be. And if it can’t stand applying pencil to paper, you’d better think it through some more. And if you can’t write an intelligent answer to those questions, don’t do it.
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We've had public companies in the past in that business and they bleed. We've got a lot more blood than they do.
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Investment decision should be made on the basis of the most probable compounding of after-tax net worth with minimum risk.
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You do not adequately protect yourself by being half awake when other are sleeping.
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You only have to do a very few things right in your life so long as you don't do too many things wrong.
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I would say that an RFC-like thing might make sense. I probably would do it myself. But I don't think trying to combine that with what's going through now, I think what is needed now is liquidity.
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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 all make mistakes. If you can't make mistakes, you can't make decisions. I've made a lot bigger mistakes myself.
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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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