Quote

It takes 150 years to build an investment bank and only five minutes to convince you to sell me preferred stock in it at a 10% interest rate.

Warren Buffett

Change background

T
T
T

Change font

TAGS & TOPICS

Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Rate
Build
Preferred
Minutes
Stock
Takes
Bank
Five
Convince
Interest
Sell
Years
Sells
Investment

More quotes by Warren Buffett

Image
You could be somewhere where the mail was delayed three weeks and do just fine investing.
Warren Buffett
Image
If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes.
Warren Buffett
Image
People who watch their weight, golf scores, and fuel bills seem to shun quantitative evaluation of their investment management skills although it involves the most important client in the world-themselves.
Warren Buffett
Image
The single most important decision in evaluating a business is pricing power.
Warren Buffett
Image
If you've got the power to raise prices without losing business to a competitor, you've got a very good business. And if you have to have a prayer session before raising the price by a tenth of a cent, then you've got a terrible business. I've been in both, and I know the difference.
Warren Buffett
Image
As far as you are concerned, the stock market does not exist. Ignore it.
Warren Buffett
Image
If you invested in a very low cost index fund - where you don't put the money in at one time, but average in over 10 years -you'll do better than 90% of people who start investing at the same time.
Warren Buffett
Image
Beware [of] the investment activity that produces applause the great moves are usually greeted by yawns.
Warren Buffett
Image
America should stand for more than just wealth.
Warren Buffett
Image
The nature of democracy is such that when there's - there'll be revulsion, obviously, towards - that's never going to happen again.
Warren Buffett
Image
As of 1992, in fact-though the picture would have improved since then-the money that had been made since the dawn of aviation by all of this country's airline companies was zero. Absolutely zero.
Warren Buffett
Image
We have embraced the 21st century by entering such cutting-edge industries as brick, carpet, insulation and paint. Try to control your excitement.
Warren Buffett
Image
I'll tell you why I like the cigarette business. It cost a penny to make. Sell it for a dollar. It's addictive. And there's a fantastic brand loyalty.
Warren Buffett
Image
I don't really think that, as a society, we [americans] want to confer blessings on generation after generation who contribute nothing to society, simply because somebody in the far distant past happened to amass a great sum of wealth.
Warren Buffett
Image
If you don't make mistakes you can't make decisions.
Warren Buffett
Image
I wouldn’t mind going to jail if I had three cellmates who played bridge
Warren Buffett
Image
I think what people understand there probably - well, they were hoping the private sector would do it [rescuing AIG ].
Warren Buffett
Image
Bad terminology is the enemy of good thinking.
Warren Buffett
Image
In a bull market, one must avoid the error of the preening duck that quacks boastfully after a torrential rainstorm, thinking that its paddling skills have caused it to rise in the world. A right-thinking duck would instead compare its position after the downpour to that of the other ducks on the pond.
Warren Buffett
Image
I think the biggest thing we need is to unclog the credit markets, and we may need another stimulus - if we do, it's - it should go to the lower and middle-income people.
Warren Buffett