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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

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

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Either they're trying to con you or they're trying to con themselves.
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The U.S. Treasury has got borrowing costs like nobody else has.
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The .350 hitter expects, and also deserves, a big payoff for his performance - even if he plays for a cellar-dwelling team. And a .150 hitter should get no reward - even if he plays for a pennant winner.
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The nature of democracy is such that when there's - there'll be revulsion, obviously, towards - that's never going to happen again.
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I think it will get moving faster. I mean once you get it off the - once credit flows - now the recession is going to get worse.
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If you want to shoot rare, fast-moving elephants, you should always carry a loaded gun.
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We're perfectly willing to trade away a big payoff for a certain payoff.
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Look at market fluctuations as your friend rather than your enemy profit from folly rather than participate in it.
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It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
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I think that trying to invest through 535 people is a tough job, you know, and so I would give more latitude.
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You can't make a good deal with a bad person.
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Buy a business, don't rent stocks.
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We need a tax system that essentially takes very good care of the people who just really aren't as well adapted to the market system but are nevertheless doing useful things in the society.
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Well, it may be all right in practice, but it will never work in theory
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All day you wait for the pitch you like then when the fielders are asleep, you step up and hit it.
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Look for companies with high profit margins.
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