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Stocks of companies selling commodity-like products should come with a warning label: Competition may prove hazardous to human wealth.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
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Omaha
Nebraska
Warren Edward Buffett
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You have no ability, if you're a financial institution and you're threatened with criminal prosecution, you have no ability to negotiate.
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We have long felt that the only value of stock forecasters is to make fortune-tellers look good.
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The typical large company has a compensation committee, They don't look for Dobermans on that committee, they look for chihuahuas.
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A diamond cannot be polished without friction, nor a person perfected without trials. Someone is enjoying shade today because someone planted a tree a long time ago.
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Why not invest your assets in the companies you really like? As Mae West said, 'Too much of a good thing can be wonderful'.
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There's no use running if you're on the wrong road.
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AIG would be doing fine today. It was one of the ten largest companies in the United States in terms of market value, over 200 billion, the most respected insurer and everything in the world.
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Asset-heavy businesses generally earn low rates of return - rates that often barely provide enough capital to fund the inflationary needs of the existing business, with nothing left over for real growth, for distribution to owners, or for acquisition of new businesses
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We don't have to be smarter than the rest. We have to be more disciplined than the rest.
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Gold has two significant shortcomings, being neither of much use nor procreative.
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It's easier to create money than to spend it.
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We have a country where I don't know whether it's a million households a year or more, but good form.
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I think any time you couple the term Wall Street with bailout or something like that, you know - I don't like what's going on in Wall Street.
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Don't pass up something that's attractive today because you think you will find something way more attractive tomorrow.
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Of one thing be certain: if a CEO is enthused about a particularly foolish acquisition, both his internal staff and his outside advisors will come up with whatever projections are needed to justify his stance. Only in fairy tales are emperors told that they are naked.
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Money is not everything. Make sure you earn a lot before speaking such nonsense.
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The most common cause of low prices is pessimism - sometimes pervasive, sometimes specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces.
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