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The U.S. Treasury has got borrowing costs like nobody else has.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
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Borrowing
Treasury
Costs
Cost
Nobody
Else
More quotes by Warren Buffett
When I take a look at a company's annual report, if I don't understand it, they don't want me to understand it.
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The value of a business is the cash it's going to produce in the future.
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We do not view the company itself as the ultimate owner of our business assets but instead view the company as a conduit through which our shareholders own assets.
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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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Writing a check separates a commitment from a conversation.
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Many stock options in the corporate world have worked in exactly that fashion: they have gained in value simply because management retained earnings, not because it did well with the capital in its hands.
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With housing it's something even more dramatic than that, because most people aspire to own their own home.If you really think that houses prices are going to go up next year and the year after, you feel if I don't buy it this year, I'm going to have to buy it next year.That's not true of an Internet stock. But it's true of a home.
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If principles can become dated, they're not principles.
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The single most important decision in evaluating a business is pricing power.
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I think that actually people in my situation should be paying more tax.
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I've often felt there might be more to be gained by studying business failures than business successes.
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It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
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Success is having people love you that you want to have love you.
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Only when the tide goes out do you discover who's been swimming naked.
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Never do anything in life if you would be ashamed of seeing it printed on the front page of your hometown newspaper for your friends and family to see.
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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.
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I wouldn’t mind going to jail if I had three cellmates who played bridge
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I would say it's more important who the treasury secretary is than who the vice president is. If you want to have a debate here, I'd like a debate between potential treasury secretaries than the vice presidential debate.
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We also believe candour benefits us as managers. The CEO who misleads often in public eventually misleads himself in private.
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I made my first investment at age eleven. I was wasting my life up until then.
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