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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
Older
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Friends
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Take
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Nostalgia
Anyway
More quotes by Warren Buffett
In an inflationary world, a toll bridge (like company) would be a great thing to own because you've laid out the capital costs. You built it in old dollars and you don't have to keep replacing it.
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By periodically investing in an index fund, the know-nothing investors can actually outperform most investment professionals.
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Your money can be inflated away but your knowledge and talent cannot.
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I may have more money than you, but money doesn't make the difference. If there is any difference between you and me, it may simply be that I get up and have a chance to do what I love to do, every day. If you learn anything from me, this is the best advice I can give you.
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Too often, a vast collection of possessions ends up possessing its owner.
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I don't really think that, as a society, we [americans] want to confer blessings on generation after generation who contribute nothing to society, simply because somebody in the far distant past happened to amass a great sum of wealth.
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What motivates most gold purchasers is their belief that the ranks of the fearful will grow ... As 'bandwagon' investors join any party, they create their own truth - for a while.
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I don't want to hold out false hopes that the - by some magic moment, that things will turn around in a couple months because they wouldn't, Charlie. I mean, and it's a big mistake to try and mislead people.
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Risk comes from not knowing what you are doing so wide diversification is only required when investors are ignorant. You only have to do a very few things in your life so long as you don't do too many things wrong.
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In the world of business, the people who are most successful are those who are doing what they love.
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A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem.
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I have a wonderful family. I have a job that I love and wonderful people who help me with it. It can't get any better than that.
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Read Ben Graham and Phil Fisher read annual reports, but don't do equations with Greek letters in them.
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We have long felt that the only value of stock forecasters is to make fortune-tellers look good.
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I bought a company in the mid-90s called Dexter Shoe and paid $400 million for it. And it went to zero. And I gave about $400 million worth of Berkshire stock, which is probably now worth $400 billion. But I've made lots of dumb decisions. That's part of the game.
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Well, I think the biggest mistake is not learning the habits of saving properly early. Because saving is a habit. And then, trying to get rich quick. It's pretty easy to get well-to-do slowly. But it's not easy to get rich quick.
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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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Lethargy, bordering on sloth should remain the cornerstone of an investment style.
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When you listen to tax-cut rhetoric, remember that giving one class of taxpayer a break requires - now or down the line - that an equivalent burden be imposed on other parties. In other words, if I get a break, someone else pays. Government can't deliver a free lunch to the country as a whole. It can however, determine who pays for lunch.
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An investor needs to do very few things right as long as he or she avoids big mistakes.
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