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When I take a look at a company's annual report, if I don't understand it, they don't want me to understand it.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
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The smartest side to take in a bidding war is the losing side.
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The Fed is the greatest hedge fund in history.
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Never give up searching for the job that you’re passionate about. Try to find the job you’d have if you were independently rich. Forget about the pay. When you’re associating with the people that you love, doing what you love, it doesn’t get any better than that.
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Bull markets and Bear markets can obscure mathematical laws, they cannot repeal them.
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Investors... can't pick stocks that are better than average. Stocks are a good thing to own over time. There's only two things you can do wrong: You can buy the wrong ones, and you can buy or sell them at the wrong time. And the truth is you never need to sell them.
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Investing in yourself is the best thing you can do. If you've got talents, no one can take them from you.
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No matter how great the talent or efforts, some things just take time.
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They [Goverment] take from the woman who comes in and takes the wastebaskets out.
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I make no effort to predict the course of general business or the stock market. Period. However, currently there are practices snowballing in the security markets and business world which, while devoid of short term predictive value, bother me as to possible long term consequences.
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Take the high road it's far less crowded.
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Never lie under any circumstances.
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Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.
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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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Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
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I think the rest of the country should be paying less, the 95 percent that [Barack] Obama talks about or maybe even a little higher than that.
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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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It's nice to have a lot of money, but you know, you don't want to keep it around forever. I prefer buying things. Otherwise, it's a little like saving sex for your old age.
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If you want a government that's going to do the things we ask our government to do, you've got to get it from somebody.
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I like to go for cinches. I like to shoot fish in a barrel. But I like to do it after the water has run out.
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Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to purchase $2 of earnings that is not reportable by us under standard accounting principles than to purchase $1 of earnings that is reportable.
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