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We have a country where I don't know whether it's a million households a year or more, but good form.

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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Years
Households
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Millions

More quotes by Warren Buffett

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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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The thing to do is to keep your mind when the world around you is losing theirs.
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A very rich person should leave his kids enough to do anything, but not enough to do nothing.
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... it's important to have the right monetary policy. It's important for, to have the right fiscal policy. But it's nowhere near as important as just the normal regenerative capacity of American capitalism.
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If you don't find a way to make money while you sleep, you will work until you die.
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The key to life is to figure out who to be the batboy for.
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Inactivity strikes us as intelligent behavior.
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Never invest in a business you can't understand
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Investors... can't pick stocks that are better than average. Stocks are a good thing to own over time. There's only two things you can do wrong: You can buy the wrong ones, and you can buy or sell them at the wrong time. And the truth is you never need to sell them.
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There is no substitute for a local newspaper that is doing its job.
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Banking is very good business if you don't do anything dumb.
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If you own the only newspaper in town, up until the last five years or so, you have pricing power and you didn't have to go to the office.
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We've actually been pretty good on exports. I mean we are exporting 12% of our GDP now roughly.
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If you have a harem of 40 women, you never get to know any of them very well.
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Buy a cross section of American industry, and if a cross section of American industry doesn't work, certainly trying to pick the little beauties here and there isn't going to work either.
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If you are a professional and have confidence, then I would advocate lots of concentration.
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I have a house that I bought 55 years ago. It's warm in the winter it's cool in the summer. It has everything I wanted, plus it has all kinds of good memories. Like my kids, I have good thoughts about that. I can't imagine living any better.
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I choose to work with every single person that I work with. That ends up being the most important factor. I don't interact with people I don't like or admire. That's the key. It's like marrying.
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My net worth is the market value of holdings less the tax payable upon sale. The liability is just as real as the asset unless the value of the asset declines (ouch), the asset is given away (no comment), or I die with it. The latter course of action would appear to at least border on a Pyrrhic victory.
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If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.
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