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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
Says
Friends
Used
Take
Stab
Nostalgia
Anyway
More quotes by Warren Buffett
The American worker is more productive than he's ever been.
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Always associate yourself with people who are better than you.
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A single year's performance is of minor importance and, good or bad, should never be taken seriously.
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The key to life is to figure out who to be the batboy for.
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People went crazy with tulip bulbs. They went crazy with the South Sea Bubble, they went crazy internet stocks, they went crazy with the uranium stocks back when I was first getting started.
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Diversification may preserve wealth, but concentration builds wealth.
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I don't want to be on the other side of the table from the customer. I was never selling anything that I didn't believe in myself or use myself.
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We have usually made our best purchases when apprehensions about some macro event were at a peak. Fear is the foe of the faddist, but the friend of the fundamentalist.
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The nature of democracy is such that when there's - there'll be revulsion, obviously, towards - that's never going to happen again.
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We have embraced the 21st century by entering such cutting-edge industries as brick, carpet, insulation and paint. Try to control your excitement.
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Failure comes from ego, greed, envy, fear, imitation. I have success not because I am smart, but because I am rational.
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An investor should ordinarily hold a small piece of an outstanding business with the same tenacity that an owner would exhibit if he owned all of that business.
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I wouldn’t mind going to jail if I had three cellmates who played bridge
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We can afford to lose money - even a lot of money. But we can't afford to lose reputation - even a shred of reputation.
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You know, people talk about this being an uncertain time. You know, all time is uncertain. I mean, it was uncertain back in - in 2007, we just didn't know it was uncertain. It was - uncertain on September 10th, 2001. It was uncertain on October 18th, 1987, you just didn't know it.
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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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What could be more advantageous in an intellectual contest - whether it be chess, bridge, or stock selection - than to have opponents who have been taught that thinking is a waste of energy?
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Our approach is very much profiting from lack of change rather than from change. With Wrigley chewing gum, it's the lack of change that appeals to me. I don't think it is going to be hurt by the Internet. That's the kind of business I like.
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When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.
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