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Most business mistakes are irreversible setbacks, but you get another chance. There are two things in life that you don't get another chance at - marrying the wrong person and what you do with your children.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Life
Chance
Business
Setbacks
Another
Irreversible
Two
Setback
Persons
Marrying
Person
Mistakes
Children
Mistake
Things
Wrong
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We will only do with your money what we would do with our own.
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Trust is like the air we breathe--when it's present, nobody really notices when it's absent, everybody notices.
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Never lie under any circumstances.
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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.
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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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Honesty is a very expensive gift, Don't expect it from cheap people.
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You do not adequately protect yourself by being half awake when other are sleeping.
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A lot of people disagree with me on this, I believe in mark to market.
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The difference between successful people and really successful people is that really successful people say no to almost everything.
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People went crazy with tulip bulbs. They went crazy with the South Sea Bubble, they went crazy internet stocks, they went crazy with the uranium stocks back when I was first getting started.
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If AIG had tried to unwind their derivatives books. I don't know. It would have hit every institution in the world.
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Mr. Market is kind of a drunken psycho. Some days he gets very enthused, some days he gets very depressed. And when he get really enthused you sell to him, and if he gets depressed, you buy from him. There's no moral taint attached to that.
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There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.
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Buy a business, don't rent stocks.
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