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This economy doesn't work well without the lubrication of credit and trust.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Without
Well
Work
Lubrication
Credit
Trust
Economy
Doesn
Wells

More quotes by Warren Buffett

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If you've got the power to raise prices without losing business to a competitor, you've got a very good business. And if you have to have a prayer session before raising the price by a tenth of a cent, then you've got a terrible business. I've been in both, and I know the difference.
Warren Buffett
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I'll tell you why I like the cigarette business. It cost a penny to make. Sell it for a dollar. It's addictive. And there's a fantastic brand loyalty.
Warren Buffett
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Is management candid with the shareholders?
Warren Buffett
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Cash, though, is to a business as oxygen is to an individual: never thought about when it is present, the only thing in mind when it is absent... When bills come due, only cash is legal tender. Don't leave home without it.
Warren Buffett
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I asked him what he wanted to do for his career, and he replied that he wanted to go into a particular field, but thought he should work for McKinsey for a few years first to add to his resume. To me that's like saving sex for your old age. It makes no sense.
Warren Buffett
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Whatever you like to do, make it a hobby and whatever the world likes to do, make it a business.
Warren Buffett
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If you get to my age in life and nobody thinks well of you, I don't care how big your bank account is, your life is a disaster.
Warren Buffett
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Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of even an outstanding company to catch up with the price they paid.
Warren Buffett
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If you gave me $100 billion and said take away the soft drink leadership of Coca-Cola in the world, I'd give it back to you and say it can't be done.
Warren Buffett
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I spend twelve hours a week - a little over 10% of my waking hours - playing the game. Now I am trying to figure out how to get by on less sleep in order to fit in a few more hands.
Warren Buffett
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I'm sitting with six and a half billion dollars we're going to use to close the Mars-Wrigley deal on October 6. I've got to hand over that six and a half billion on October 6. Now, I have to be very careful about who I leave it in between now and then, because they're expecting that he show up.
Warren Buffett
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Never risk what you have and need for what we don't have and don't need.
Warren Buffett
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A contrarian approach is just as foolish as a follow-the-crowd strategy. What's required is thinking rather than polling.
Warren Buffett
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It's a big mistake to try and mislead people. They will turn around.
Warren Buffett
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Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant.
Warren Buffett
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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.
Warren Buffett
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Do what you love and work for whom you admire the most, and you've given yourself the best chance in life you can.
Warren Buffett
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With each investment you make, you should have the courage and the conviction to place at least ten per cent of your net worth in that stock
Warren Buffett
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I mean the truth is, I've never had it so good in terms of taxes. I am paying the lowest tax rate that I've ever paid in my life.
Warren Buffett
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I buy expensive suits - they just look cheap on me.
Warren Buffett