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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
Standards
Profitability
Certainly
Virtually
Goal
Insurance
Business
Ignored
Volume
Achieved
Goals
Generally

More quotes by Warren Buffett

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Never lie under any circumstances.
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The most important quality for an investor is temperament, not intellect.
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A fool and his money are soon invited everywhere.
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We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
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If I got a chance to take one percent of the deal either way, I would make that bet.
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There seems to be some perverse human characteristic that likes to make easy things difficult.
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When Berkshire buys common stock, we approach the transaction as if we were buying into a private business.
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I happen to have a talent for allocating capital. But my ability to use that talent is completely dependent on the society I was born into. If I'd been born into a tribe of hunters, this talent of mine would be pretty worthless. I can't run very fast. I'm not particularly strong. I'd probably end up as some wild animal's dinner.
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Things you like to do should be a hobby of yours, but things the world does should be a business of yours.
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Long ago, Ben Graham taught me that Price is what you pay value is what you get. Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down.
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Basically, the single-most important decision in evaluating a business is pricing power.
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I certainly do believe anyone engaged in the management of money should have a standard of measurement, and that both he and the party whose money is managed should have a clear understanding why it is the appropriate standard, what time period should be utilized, etc.
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Never ask a barber if you need a haircut.
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There is no perfect mathematical formula for pricing a business.
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We do not have, nor have had, and never will have an opinion about where the stock market, interest rates, or business activity will be a year from now.
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Investing requires qualities of temperament way more than it requires qualities of intellect.
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You can be sure that over the next 10 years, you'll see something that you did not think was possible.
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You could be somewhere where the mail was delayed three weeks and do just fine investing.
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We really can say no in 10 seconds or so to 90%+ of all the things that come along simply because we have these filters.
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Investing is simple, but not easy.
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