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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
Managers
Pay
Wells
Well
Great
Manager
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Mark Zuckerberg will be a hero to many young entrepreneurs 20 years from now. Bill Gates will be a hero to others, and they will look to those [people] like I read books when I was in my teens about Rockefeller or Carnegie.
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John Maynard Keynes essentially said, don't try and figure out what the market is doing. Figure out a business you understand, and concentrate.
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OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.
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You need a lot of curiosity for a long, long time.
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I don't think it would be crazy to have a model or an entity model on the Reconstruction Finance Corp.
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The less prudence with which others conduct their affairs, the greater the prudence with which we should conduct our own affairs.
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Someone is sitting in the shade today because someone planted a tree a long time ago.
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I'll bring my tax returns you bring yours. I'll meet you anytime anywhere.
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I would say the most satisfying thing actually is watching my three children each pick up on their own interests and work many more hours per week than most people that have jobs at trying to intelligently give away that money in fields that they particularly care about.
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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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I'm always interested in understanding the math of things and understanding as much as I can about all aspects of business. And what I learn today may be useful to me two years from now. That's really the wonderful thing about investments is your knowledge is cumulative.
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Never depend on a single source of income.
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Take the high road it's far less crowded.
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The rich invest in time, the poor invest in money.
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The critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price.
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The most important investment you can make is in yourself. Very few people get anything like their potential horsepower translated into the actual horsepower of their output in life. Potential exceeds realization for many people...The best asset is your own self. You can become to an enormous degree the person you want to be.
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Managers thinking about accounting issues should never forget one of Abraham Lincoln's favorite riddles: How many legs does a dog have, if you call a tail a leg? The answer: Four, because calling a tail a leg doesn't make it a leg.
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Investing is not as tough as being a top-notch bridge player. All it takes is the ability to see things as they really are.
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