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Personally, I really hope I can treat everyone equally. I think I have done a pretty good job so far but I know I can do it better.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Everyone
Jobs
Better
Equally
Done
Personally
Really
Treat
Good
Treats
Think
Pretty
Thinking
Hope
More quotes by Warren Buffett
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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We really can say no in 10 seconds or so to 90%+ of all the things that come along simply because we have these filters.
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It is better to point out your own mistakes than have somebody else do it.
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How do you beat Bobby Fischer? You play him at any game but chess. I try to stay in games where I have an edge.
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I mean [Franklin Delano] Roosevelt didn't - you know, when he came in, he didn't print any money.
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As an investor with small capital, one should prefer businesses that have high returns on capital and that require little incremental investment to grow.
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If we have a strength, it is in recognizing when we are operating well within our circle of competence and when we are approaching the perimeter.
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In the end, alchemy, whether it is metallurgical or financial, fails. A base business can not be transformed into a golden business by tricks of accounting or capital structure. The man claiming to be a financial alchemist may become rich. But gullible investors rather than business achievements will usually be the source of his wealth.
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If you want to shoot rare, fast-moving elephants, you should always carry a loaded gun.
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I think I could make you fifty percent a year on one million dollars. No, I know I could. I guarantee that.
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... but the important thing is that when you do find one where you really do know what you are doing, you must buy in quantity.... Charlie and I have made a dozen or so very big decisions relative to net worth, although not as big as they should have been. And in each of those, we've known that we were almost certain to be right going in.
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You only have to do a very few things right in your life so long as you don't do too many things wrong.
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In economics, you always want to ask 'And then what?'
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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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Like I say, I don't think it'll be done perfectly. Maybe we'll end up with a little bit better [economy] system.
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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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Good profits simply are not inconsistent with good behavior.
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I mean, you may be very mad at some guy that walked away with a huge golden parachute, but that really isn't the important thing.
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I don't know that I could draw one that's perfect. But I'd rather by approximately right than precisely wrong, and it would be precisely wrong to turn it down.
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If knowing history made you rich, librarians would be billionaires.
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