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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.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Ability
Prosecution
Negotiate
Institution
Threatened
Criminal
Criminals
Financial
Institutions
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The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.
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Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful.
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People always should know better. People don't get - they don't get smarter about things that get as basic as greed.
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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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Investing in a market where people believe in efficiency is like playing bridge with someone who has been told it doesn't do any good to look at the cards.
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Paradoxically, when 'dumb' money acknowledges its limitations, it ceases to be dumb.
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Valuing a business is part art and part science.
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Buy into a company because you want to own it, not because you want the stock to go up.
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It's not debt per say that overwhelms an individual corporation or country. Rather it is a continuous increase in debt in relation to income that causes trouble.
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We enjoy the process far more than the proceeds.
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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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I don't try and guess when to get in and out of the market. I have owned stocks consistently since 1942. I owned the - I was buying stocks the day before the election. I was buying the same stocks the day after election. And if Hillary had been elected, it would have been the same thing.
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It's never paid to bet against America. We come through things, but its not always a smooth ride.
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If you can't read the scoreboard. You don't know the score. If you don't know the score, you can't tell the winners from the losers.
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