Quote

In a difficult business, no sooner is one problem solved than another surfaces - never is there just one cockroach in the kitchen.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Never
Solved
Sooner
Kitchen
Surface
Difficult
Business
Cockroach
Another
Cockroaches
Problem
Surfaces

More quotes by Warren Buffett

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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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In other words, the percentage change in book value in any given year is likely to be reasonably close to that year's change in intrinsic value.
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You can't help some increase from this point. I don't want any viewer to go away think a magic wand exists in Congress. So they're going to see some more bad news. But if we do this, we're doing the right thing.
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The greater the potential for reward in the value portfolio, the less risk there is.
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I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.
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It's a big mistake to try and mislead people. They will turn around.
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Never give up searching for the job that you're passionate about.
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I'm happy when I can spend every day doing the things that I like to do. That's my luxury.
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In fact, in my adult lifetime, I don't think I've ever seen people as fearful economically as they are right now.
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When forced to choose, I will not trade even a night's sleep for the chance of extra profits.
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I just don't see anything available that gives any reasonable hope of delivering such a good year and I have no desire to grope around, hoping to 'get lucky' with other people's money. I am not attuned to this market environment, and I don't want to spoil a decent record by trying to play a game I don't understand just so I can go out a hero.
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Charlie [Munger] and I are not big fans of resumes. Instead, we focus on brains, passion and integrity.
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This economy doesn't work well without the lubrication of credit and trust.
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It's a lot easier to buy things than it is to sell them.
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The secret to happiness is having low expectations.
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It's class warfare, my class is winning, but they shouldn't be.
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Well, it may be all right in practice, but it will never work in theory
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A lot of people disagree with me on this, I believe in mark to market.
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The (stock) market is there only as a reference point to see if anybody is offering to do anything foolish. When we invest in stocks, we invest in businesses.
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Buy a cross section of American industry, and if a cross section of American industry doesn't work, certainly trying to pick the little beauties here and there isn't going to work either.
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