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If you have a great manager, you want to pay him 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
Manager
Managers
Pay
Wells
Well
Great

More quotes by Warren Buffett

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If you're extremely rich, and you have got children, my theory was, you give them enough so they can do anything, but not enough so they can do nothing.
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I've often felt there might be more to be gained by studying business failures than business successes.
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Over the years, a number of very smart people have learned the hard way that a long string of impressive numbers multiplied by a single zero always equals zero.
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Working with people who cause your stomach to churn seems much like marrying for money - probably a bad idea under any circumstances, but absolute madness if you are already rich.
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How do you beat Bobby Fischer? You play him at any game but chess. I try to stay in games where I have an edge.
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That's the reality of what they're going to sell them to the Treasury for.
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I would say it's more important who the treasury secretary is than who the vice president is. If you want to have a debate here, I'd like a debate between potential treasury secretaries than the vice presidential debate.
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Although we deal with probabilities and expectations, the actual results can deviate substantially from such expectations, particularly on a short-term basis.
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...I will give you two pieces of advice. Invest as much in yourself as you can you are your own best asset by far. Then follow your passion you want to be really excited to get out of bed every morning.
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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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I'd rather have a $10 million business making 15 per cent than a $100 million business making 5 per cent.
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The most important quality for an investor is temperament, not intellect.
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The key to life is to figure out who to be the batboy for.
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Take the job you would take if you were independently wealthy. You're going to do well at it.
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A pack of lemmings looks like a group of rugged individualists compared with Wall Street when it gets a concept in its teeth.
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If you get to my age in life and nobody thinks well of you, I don't care how big your bank account is, your life is a disaster.
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It is not necessary to do extraordinary things to get extraordinary results.
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Anything can happen in stock markets and you ought to conduct your affairs so that if the most extraordinary events happen, that you're still around to play the next day.
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I knew a lot about what I did when I was 20. I had read a lot, and I aspired to learn everything I could about the subject.
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There's nothing inappropriate about having debt in America. It's what helped us grow over time. And it's when debt gets out of control that you worry.
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