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You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing. I've never borrowed a significant amount of money in my life. Never. Never will. I've got no interest in it.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
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Shareholder
Omaha
Nebraska
Warren Edward Buffett
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More quotes by Warren Buffett

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That which is not worth doing at all is not worth doing well.
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A very rich person should leave his kids enough to do anything, but not enough to do nothing.
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I'm not worried they're all about the investments we make. I mean, listen, this country - we've got $46,000 or $47,000 of GDP per capita. Now, we've done pretty darn well. We'll do better in the future.
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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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Investing is laying out money now to get more money back in the future.
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Market prices for stocks fluctuate at great amplitudes around intrinsic value but, over the long term, intrinsic value is virtually always reflected at some point in market price.
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Derivatives are financial weapons of mass destruction.
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Long ago, Ben Graham taught me that Price is what you pay value is what you get. Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down.
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When a management with reputation for brilliance gets hooked up with a business with a reputation for bad economics, it's the reputation of the business that remains intact.
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A home is one of the most important assets that most people will ever buy. Homes are also where memories are made and you want to work with someone you can trust.
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Part of making good decisions in business is recognizing the poor decisions you've made and why they were poor. I've made lots of mistakes. I'm going to make more. It's the name of the game. You don't want to expect perfection in yourself. You want to strive to do your best. It's too demanding to expect perfection in yourself.
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Bull markets and Bear markets can obscure mathematical laws, they cannot repeal them.
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The smarter the journalists are, the better off society is.
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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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When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.
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I just don't see anything available that gives any reasonable hope of delivering such a good year and I have no desire to grope around, hoping to 'get lucky' with other people's money. I am not attuned to this market environment, and I don't want to spoil a decent record by trying to play a game I don't understand just so I can go out a hero.
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In fact, in my adult lifetime, I don't think I've ever seen people as fearful economically as they are right now.
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I prefer liquor store robbers with hungry kids to companies that locate offshore to avoid U.S. taxes.
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I think what people understand there probably - well, they were hoping the private sector would do it [rescuing AIG ].
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I was lucky to have the right heroes. Tell me who your heroes are and I'll tell you how you'll turn out to be. The qualities of the one you admire are the traits that you, with a little practice, can make your own, and that, if practiced, will become habit forming.
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