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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
Doesn
Wells
Without
Well
Work
Lubrication
Credit
Trust
Economy
More quotes by Warren Buffett
Investing is forgoing consumption now in order to have the ability to consume more at a later date.
Warren Buffett
It makes a difference who the treasury secretary is.
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If, when making a stock investment, you're not considering holding it at least ten years, don't waste more than ten minutes considering it.
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[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.
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I just think that - when a country needs more income and we do, we're only taking in 15 percent of GDP, I mean, that - that - when a country needs more income, they should get it from the people that have it.
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It's us fun being a horse when the tractor comes along, or the blacksmith when the car comes along.
Warren Buffett
We can afford to lose money - even a lot of money. But we can't afford to lose reputation - even a shred of reputation.
Warren Buffett
A lot of people disagree with me on this, I believe in mark to market.
Warren Buffett
What the wise do in the beginning, fools do in the end.
Warren Buffett
During inflation, Goodwill is the gift that keeps on giving.
Warren Buffett
Asset-heavy businesses generally earn low rates of return - rates that often barely provide enough capital to fund the inflationary needs of the existing business, with nothing left over for real growth, for distribution to owners, or for acquisition of new businesses
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I think that both parties should declare the debt limit as a political weapon of mass destruction which can't be used. I mean, it is silly to have a country that has 237 years building up its reputation and then have people threaten to tear it down because they're not getting some other matter.
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Over the years, a number of very smart people have learned the hard way that a long string of impressive numbers multiplied by a single zero always equals zero.
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The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves - and the better the teacher, the better the student body.
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You could be somewhere where the mail was delayed three weeks and do just fine investing.
Warren Buffett
I made my first investment at age eleven. I was wasting my life up until then.
Warren Buffett
If you want a government that's going to do the things we ask our government to do, you've got to get it from somebody.
Warren Buffett
Taking jobs to build up your resume is the same as saving up sex for old age.
Warren Buffett
You shouldn't own common stocks if a 50 per cent decrease in their value in a short period of time would cause you acute distress.
Warren Buffett
We need a tax system that essentially takes very good care of the people who just really aren't as well adapted to the market system but are nevertheless doing useful things in the society.
Warren Buffett
