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As one of my older friends says, Nostalgia just isn't what it used to be. Let's take a stab at it, anyway.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Take
Stab
Nostalgia
Anyway
Older
Says
Friends
Used

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In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
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Uncertainty is the friend of the buyer of long term values.
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We like to buy businesses, but we don't like to sell them.
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I think the worst mistake you can make in stocks is to buy or sell based on current headlines.
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I'll bring my tax returns you bring yours. I'll meet you anytime anywhere.
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A diamond cannot be polished without friction, nor a person perfected without trials. Someone is enjoying shade today because someone planted a tree a long time ago.
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What the human being is best at doing is interpreting all new information so that their prior conclusions remain intact.
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The fact that people will be full of greed, fear, or folly is predictable. The sequence is not predictable.
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If you're in a card game and you can't figure out who the patsy is, you're it.
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Risk is a part of God's game, alike for men and nations.
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Gold is a way of going long on fear, and it has been a pretty good way of going long on fear from time to time. But you really have to hope people become more afraid in a year or two years than they are now. And if they become more afraid you make money, if they become less afraid you lose money, but the gold itself doesn’t produce anything.
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It's much easier to stay out of trouble now than to get out of trouble later.
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My friends and I have been coddled long enough by a billionaire-friendly Congress.
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The range of derivatives contracts is limited only by the imagination of man (or sometimes, so it seems, madmen). Say you want to write a contract speculating on the number of twins to be born in Nebraska in 2020. No problem-at a price, you will easily find an obliging counterparty.
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A pin lies in wait for every bubble and when the two eventually meet, a new wave of investors learns some very old lessons.
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