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... it's important to have the right monetary policy. It's important for, to have the right fiscal policy. But it's nowhere near as important as just the normal regenerative capacity of American capitalism.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Normal
Regenerative
Policy
Fiscal
American
Monetary
Right
Nowhere
Important
Investing
Near
Capitalism
Capacity

More quotes by Warren Buffett

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It takes 150 years to build an investment bank and only five minutes to convince you to sell me preferred stock in it at a 10% interest rate.
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Invest in as much of yourself as you can, you are your own biggest asset by far.
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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.
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I am not in the business of predicting general stock market of business fluctuations. If you think I can do this, or think it is essential to an investment program, you should not be in the partnership.
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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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The thing to do is to keep your mind when the world around you is losing theirs.
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The best business returns are usually achieved by companies that are doing something quite similar today to what they were doing five or ten years ago.
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If you lose money for the firm, I will be forgiving. If you lose reputation, I will be ruthless.
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I mean there is no capital requirements to it or anything of the sort. And basically, I said there were possibly financial weapons of mass destruction, and they had them. They destroyed AIG. They certainly contributed to the destruction of Bear Sterns and Lehman. Although Lehman had other problems, too.
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I think that both parties should declare the debt limit as a political weapon of mass destruction which can't be used. I mean, it is silly to have a country that has 237 years building up its reputation and then have people threaten to tear it down because they're not getting some other matter.
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He must never forget Charlie's plea: Tell me where I'm going to die, so I'll never go there.
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I think people - what people want to do is make [economy] get worse.
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The capital gains tax is 15 percent now. So I sit there in my office and I make a lot of money by capital gains, and I pay 15 percent, and I pay no payroll tax on it.
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The dominant factors affecting control valuations are earning power (past and prospective) and asset values.
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Money to some extent sometimes let you be in more interesting environments. But it can't change how many people love you or how healthy you are.
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There is no perfect mathematical formula for pricing a business.
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Resolution Trust Company was set up to liquidate a bunch of assets that the government had inherited because the savings and loans went broke.
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Calculate owner earnings to get a true reflection of value.
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Investing is the greatest business in the world because you never have to swing. You stand at the plate the pitcher throws you General Motors at 47! U.S. Steel at 39! And nobody calls a strike on you. There's no penalty except opportunity. All day you wait for the pitch you like then, when the fielders are asleep, you step up and hit it.
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When 40 billion of treasury bills are sold like, seven day treasury bills, at a yield of 1/20th of one percent, that means the whole country is basically at the point virtually, or a lot of the country is at the point of putting the money under the mattress.
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