Quote

I mean, if Pearl Harbor came along, you could have said the planning was wrong by the military ahead of time or maybe the battleships shouldn't have all been in the harbor and all that kind of thing.

Warren Buffett

Change background

T
T
T

Change font

TAGS & TOPICS

Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Came
Harbors
Wrong
Pearls
Mean
Planning
Thing
Shouldn
Kind
Ahead
Time
Along
Battleships
Military
Harbor
Maybe
Pearl

More quotes by Warren Buffett

Image
They [Goverment] take from the woman who comes in and takes the wastebaskets out.
Warren Buffett
Image
One of the ironies of the stock market is the emphasis on activity. Brokers, using terms such as 'marketability' and 'liquidity,' sing the praises of companies with high share turnover... but investors should understand that what is good for the croupier is not good for the customer. A hyperactive stock market is the pick pocket of enterprise.
Warren Buffett
Image
Traditional wisdom is long on tradition and short on wisdom.
Warren Buffett
Image
What an investor needs is the ability to correctly evaluate selected businesses. Note that word “selected”: You don't have to be an expert on every company, or even many. You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important knowing its boundaries, however, is vital.
Warren Buffett
Image
I really like my life. I've arranged my life so that I can do what I want.
Warren Buffett
Image
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
Image
There are all kinds of businesses that Charlie and I don't understand, but that doesn't cause us to stay up at night. It just means we go on to the next one, and that's what the individual investor should do.
Warren Buffett
Image
You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing.
Warren Buffett
Image
You will be right, over the course of many transactions, if your hypotheses are correct, your facts are correct, and your reasoning is correct. True conservatism is only possible through knowledge and reason.
Warren Buffett
Image
A contrarian approach is just as foolish as a follow-the-crowd strategy. What's required is thinking rather than polling.
Warren Buffett
Image
You have to be able to communicate in life and probably schools underemphasize that. If you can't talk to people or write, you're giving up your potential.
Warren Buffett
Image
People always should know better. People don't get - they don't get smarter about things that get as basic as greed.
Warren Buffett
Image
The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.
Warren Buffett
Image
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
Image
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.
Warren Buffett
Image
Too often, a vast collection of possessions ends up possessing its owner.
Warren Buffett
Image
First, many in Wall Street - a community in which quality control is not prized - will sell investors anything they will buy.
Warren Buffett
Image
The greater the potential for reward in the value portfolio, the less risk there is.
Warren Buffett
Image
I don't read economic forecasts. I don't read the funny papers.
Warren Buffett
Image
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
Warren Buffett