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When the brothel burns down, even the pretty girls have to run out.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Even
Brothel
Brothels
Burns
Investing
Girls
Pretty
Girl
Running

More quotes by Warren Buffett

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We intend to continue our practice of working only with people whom we like and admire. This policy not only maximizes our chances for good results, it also ensures us an extraordinarily good time.
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Let only individuals contribute - with sensible limits per election. Otherwise, we are well on our way to ensuring that a government of the moneyed, by the moneyed, and for the moneyed shall not perish from the earth.
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Diversification is protection against ignorance. It makes little sense if you know what you are doing.
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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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I view derivatives as time bombs, both for the parties that deal in them and the economic system.
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We do not view the company itself as the ultimate owner of our business assets but instead view the company as a conduit through which our shareholders own assets.
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It's easier to create money than to spend it.
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The only time to buy these is on a day with no 'y' in it.
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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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If book knowledge made great investors, than the librarians would all be rich.
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A Company should be viewed as an unfolding movie, not as a still photograph
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Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.
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Gold is a way of going long on fear, and it has been a pretty good way of going long on fear from time to time. But you really have to hope people become more afraid in a year or two years than they are now. And if they become more afraid you make money, if they become less afraid you lose money, but the gold itself doesn’t produce anything.
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The stock market is a no-called-strike game. You don’t have to swing at everything – you can wait for your pitch.
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We have learned to turn out lots of goods and services, but we haven't learned as well how to have everybody share in the bounty. The obligation of a society as prosperous as ours is to figure out how nobody gets left too far behind.
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If we start deciding, based on guesses or emotions, whether we will or won't participate in a business where we should have some long run edge, we're in trouble.
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Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.
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Investing is laying out money now to get more money back in the future.
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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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Be fearful when there is greed and be greedy when there is fear.
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