Quote

Cash, though, is to a business as oxygen is to an individual: never thought about when it is present, the only thing in mind when it is absent... When bills come due, only cash is legal tender. Don't leave home without 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
Mind
Though
Absent
Never
Individual
Tender
Business
Cash
Thought
Legal
Home
Dues
Come
Bills
Without
Leave
Thing
Present
Oxygen

More quotes by Warren Buffett

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I have a wonderful family. I have a job that I love and wonderful people who help me with it. It can't get any better than that.
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The big question about how people behave is whether they've got an Inner Scorecard or an Outer Scorecard. It helps if you can be satisfied with an Inner Scorecard.
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Confidence in markets and in institutions, it's a lot like oxygen. When you have it, you don't even think about it. It's indispensable. You can go years without thinking about it. When it's gone for five minutes, it's the only thing to think about.
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The speed at which a business success is recognized, furthermore, is not that important as long as the company's intrinsic value is increasing at a satisfactory rate. In fact, delayed recognition can be an advantage: It may give us the chance to buy more of a good thing at a bargain price.
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We will reject interesting opportunities rather than over-leverage our balance sheet.
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It's good to learn from your mistakes. It's better to learn from other people's mistakes.
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When we went crazy, and we did go crazy on residential real estate, it set things in motion that just - the dominoes started toppling.
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If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.
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