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We set no volume goals in our insurance business generally-and certainly not in reinsurance-as virtually any volume can be achieved if profitability standards are ignored.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Volume
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Generally
Standards
Profitability
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Virtually
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Insurance
Business
Ignored
More quotes by Warren Buffett
When you build a bridge, you insist that it can carry 30,000 pounds, but you only drive 10,000-pound trucks across it. And that same principle works in investing.
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We try to buy businesses with good-to-superb underlying economics run by honest and able people and buy them at sensible prices. That's all I'm trying to do.
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Taking jobs to build up your resume is the same as saving up sex for old age.
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Government can't deliver a free lunch to the country as a whole. It can, however, determine who pays for lunch. And last week the Senate handed the bill to the wrong party... the poor and middle class.
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I don't like what's going on with the executive compensation.
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The Fed is the greatest hedge fund in history.
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The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.
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Two rules: 1. Preserve the principal 2. When in doubt, see Rule #1.
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The only way to get love is to be lovable. It's very irritating if you have a lot of money. You'd like to think you could write a check: I'll buy a million dollars' worth of love. But it doesn't work that way. The more you give love away, the more you get.
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Of our 49 billion, we haven't moved any to Bitcoin
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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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By periodically investing in an index fund, the know-nothing investors can actually outperform most investment professionals.
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The most dangerous distractions are the ones you love, but that don’t love you back.
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Focus alone is not enough putting in the time to commit is also crucial to achieve success.
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Money is not everything. Make sure you earn a lot before speaking such nonsense.
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I'll bring my tax returns you bring yours. I'll meet you anytime anywhere.
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The true investor welcomes volatility ... a wildly fluctuating market means that irrationally low prices will periodically be attached to solid businesses.
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I think you are out of your mind if you keep taking jobs that you don't like because you think it will look good on your resume. Isn't that a little like saving up sex for your old age?
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It is impossible to unsign a contract, so do all your thinking before you sign.
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Making money isn't the backbone of our guiding purpose it is the by-product of our guiding purpose.
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