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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
Criminal
Criminals
Financial
Institutions
Ability
Prosecution
Negotiate
Institution
Threatened

More quotes by Warren Buffett

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Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.
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The most important quality for an investor is temperament, not intellect.
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We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.
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When we really sit back with a smile on our face is when we run into a situation we can understand, where the facts are ascertainable and clear, and the course of action obvious.
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Observing that the market was FREQUENTLY efficient, EMT Adherents went on to conclude incorrectly that it was ALWAYS efficient. The difference between these propositions is night and day.
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Never be afraid to ask for too much when selling or offer too little when buying.
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Our system works. Over time, people will live better and better. We have a system that unleashes human potential, and now China has a system that unleashes human potential. We will have interruptions. We overshoot and undershoot sometimes, but your kids and grandkids will live better than you. Over time, we move ahead at a pretty damn rapid rate.
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America should stand for more than just wealth.
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When people talk about cash being king, it's not king if it just sits there and never does anything.
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Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing.
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You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing.
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If I were the treasury secretary or head of the Fed, you know, I would try to scare the hell the out of the private sector and say, you better save this because you're going down with the ship.
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Is management rational?
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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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The speed at which a business success is recognized, furthermore, is not that important as long as the company's intrinsic value is increasing at a satisfactory rate. In fact, delayed recognition can be an advantage: It may give us the chance to buy more of a good thing at a bargain price.
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To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What's needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework. You must supply the emotional discipline.
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I've argued with the senators and congressmen I've talked to. You don't want to be too little too late. If you buy them at the right price, you may be buying two trillion of face value.
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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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Always invest for the long term.
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Never invest in a business you can't understand
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