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If you owe money, you can't pay them out. You just pay for everything, you do smart things, you eventually get very rich.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Rich
Money
Everything
Things
Eventually
Smart
Pay

More quotes by Warren Buffett

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If you gave me the choice of being CEO of General Electric or IBM or General Motors, you name it, or delivering papers, I would deliver papers. I would. I enjoyed doing that. I can think about what I want to think. I don't have to do anything I don't want to do.
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I was lucky enough to be born in a time and place where society values my talent, and gave me a good education to develop that talent, and set up the laws and the finanical system to let me do what I love doing-and make a lot of money doing it. The least I can do is help pay for all that.
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Anything can happen anytime in markets. And no advisor, economist, or TV commentator-and definitely not Charlie nor I-can tell you when chaos will occur. Market forecasters will fill your ear but will never fill your wallet.
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The key to life is to figure out who to be the batboy for.
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A pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons: First, many in Wall Street (a community in which quality control is not prized) will sell investors anything they will buy. Second, speculation is most dangerous when it looks easiest.
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I can't promise results, but I can promise a common destiny.
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Tell me your heroes and I'll tell you how your life will end up
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If knowing history made you rich, librarians would be billionaires.
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We're paying maybe 25 percent of the income tax, but the payroll tax is over a third of the receipts of the federal government. And they don't take that from me on capital gains. They don't take that from me on dividends.
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That's the reality of what they're going to sell them to the Treasury for.
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You don't need to be an expert in order to achieve satisfactory investment returns. But if you aren't, you must recognize your limitations and follow a course certain to work reasonably well. Keep things simple and don't swing for the fences.
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The banking business is no favorite of ours. When assets are twenty times equity - a common ratio in this industry - mistakes that involve only a small portion of assets can destroy a major portion of equity. And mistakes have been the rule rather than the exception at many major banks.
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I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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I learned to go into business only with people whom I like, trust, and admire.
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Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.
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Wild swings in share prices have more to do with the lemming- like behaviour of institutional investors than with the aggregate returns of the company they own.
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Be fearful when the markets get greedy, be greedy when the markets get fearful.
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It's a lot easier to buy things than it is to sell them.
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Calculate owner earnings to get a true reflection of value.
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I'm the luckiest guy in the world in terms of what I do for a living. No one can tell me to do things I don't believe in or things I think are stupid.
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