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We've had public companies in the past in that business and they bleed. We've got a lot more blood than they do.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Past
Bleed
Companies
Blood
Public
Company
Business

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I read annual reports of the company I'm looking at and I read the annual reports of the competitors - that is the main source of material.
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It's a nightmare to administer some of this sort of thing, but I want to tell the shareholders of Berkshire, to the percent we own marketable securities or things for which there are market, even if those markets - I want to tell them what it's all about.
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For some reason people take their cues from price action rather than from values. Price is what you pay. Value is what you get.
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If a business does well, the stock eventually follows.
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You don't ever ask a barber whether you need a haircut.
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We always live in an uncertain world. What is certain is that the United States will go forward over time.
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You get what I call the natural progression, the three Is. The innovators, the imitators, and the idiots.
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We have learned to turn out lots of goods and services, but we haven't learned as well how to have everybody share in the bounty. The obligation of a society as prosperous as ours is to figure out how nobody gets left too far behind.
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You have hedge funds and people like that buying these assets to yield 15 or 20 percent, I mean, that's the buyer for these people that are trying to unload them.
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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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Banking is very good business if you don't do anything dumb.
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I always knew I was going to be rich. I don't think I ever doubted it for a minute.
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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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In our view, derivatives are financial weapons of mass destruction carrying dangers that, while latent, are potentially lethal.
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We do not view the company itself as the ultimate owner of our business assets but instead view the company as a conduit through which our shareholders own assets.
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We don't get paid for being busy, we get paid for being right.
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Buy stocks like you buy your groceries, not like you buy your perfume.
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The stock market is a no-called-strike game. You don’t have to swing at everything – you can wait for your pitch.
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