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The real fortunes in this country have been made by people who have been right about the business they invested in, and not right about the timing of the stock market.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Market
Fortune
Business
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Right
Fortunes
Real
Invested
Made
Timing
People
Stock
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Success is having people love you that you want to have love you.
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Managers that always promise to 'make the numbers' will at some point be tempted to make up the numbers.
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I want to be able to explain my mistakes. This means I do only the things I completely understand.
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Just imagine living on 21,000 a year. I mean you have 20 percent of the population doing that. So you don't have to worry about guys like me.
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If I got a chance to take one percent of the deal either way, I would make that bet.
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Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.
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Time is your friend, impulse is your enemy. Take advantage of compound interest and don't be captivated by the siren song of the market.
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You don't want 300 million Americans putting their money under the mattress.
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AIG would be doing fine today. It was one of the ten largest companies in the United States in terms of market value, over 200 billion, the most respected insurer and everything in the world.
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Be fearful when there is greed and be greedy when there is fear.
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Forecasts usually tell us more of the forecaster than of the forecast
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Never get too hung up on mistakes.
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Diversification may preserve wealth, but concentration builds wealth.
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Money will not change how healthy you are or how many people love you.
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The typical large company has a compensation committee, They don't look for Dobermans on that committee, they look for chihuahuas.
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I never invest in anything that I don't understand.
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Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation.
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