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In my opinion, the entire field of investment management, involving hundreds of billions of dollars, would be more satisfactorily conducted if everyone had a good yardstick for measurement of ability and sensibly applied it.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Good
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Yardsticks
Would
Field
Conducted
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Entire
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Hundreds
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Sensibly

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My friends and I have been coddled long enough by a billionaire-friendly Congress.
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When the president of the United States goes out at, you know, 8:00 o'clock in the morning and then his own party votes gets him 2 to 1 in the house, you know that somehow a message isn't getting out. It takes real leadership.
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I would say the biggest single cause was we had an incredible residential real estate bubble.
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You know, with your money and my brains, I mean, there's no telling how far we'd go.
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If you look at the Forbes 400, they are paying a lower rate, accounting payroll taxes, than their secretary or - whomever around their office.
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I've never been very fully employed either.
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Interest rates are to asset prices what gravity is to the apple. When there are low interest rates, there is a very low gravitational pull on asset prices.
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To be successful, you should concentrate on the world of companies, not arcane accounting mathematics.
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You only have to do a very few things right in your life so long as you don't do too many things wrong.
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I’ve worked in an economy that rewards someone who saves the lives of others on a battlefield with a medal, rewards a great teacher with thank-you notes from parents, but rewards those who can detect the mispricing of securities with sums reaching into the billions.
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If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value.
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Investors should remember that excitement and expenses are their enemies.
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Buy companies with strong histories of profitability and with a dominant business franchise.
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In other words, the percentage change in book value in any given year is likely to be reasonably close to that year's change in intrinsic value.
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Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
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I believe the chance of any event causing Berkshire to experience financial problems is essentially zero. We will always be prepared for the thousand-year flood in fact, if it occurswe will be selling life jackets to the unprepared.
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If anything, taxes for the lower and middle class and maybe even the upper-middle class should even probably be cut further. But I think that people at the high end - people like myself - should be paying a lot more in taxes. We have it better than we've ever had it.
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The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.
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I buy expensive suits - they just look cheap on me.
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Do what you would do for free, having passion for what you do is the most important thing.
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