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I think once you start putting phony figures into financial statements, you get in a lot of trouble. And we've seen so much of that in the last 20 years.
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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More quotes by Warren Buffett
Fear is the foe of the faddist, but the friend of the fundamentalist.
Warren Buffett
If you were at Lehman, the same thing happened. If you were at AIG, the shareholders are getting creamed on these things. And those shareholders are not just a bunch of big shots in Wall Street. Those are pension funds, and those are investors all over the country. I wouldn't worry too much about that. Justice won't be perfect on it.
Warren Buffett
When Berkshire buys common stock, we approach the transaction as if we were buying into a private business.
Warren Buffett
Personally, I really hope I can treat everyone equally. I think I have done a pretty good job so far but I know I can do it better.
Warren Buffett
AIG would be doing fine today. It was one of the ten largest companies in the United States in terms of market value, over 200 billion, the most respected insurer and everything in the world.
Warren Buffett
When bills come due, only cash is legal tender. Don't leave home without it.
Warren Buffett
Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
Warren Buffett
Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
Warren Buffett
When people talk about cash being king, it's not king if it just sits there and never does anything.
Warren Buffett
You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing. I've never borrowed a significant amount of money in my life. Never. Never will. I've got no interest in it.
Warren Buffett
The trick is, when there is nothing to do, do nothing.
Warren Buffett
I look for businesses in which I think I can predict what they're going to look like in ten to fifteen years time. Take Wrigley's chewing gum. I don't think the internet is going to change how people chew gum.
Warren Buffett
I don't know that I could draw one that's perfect. But I'd rather by approximately right than precisely wrong, and it would be precisely wrong to turn it down.
Warren Buffett
Buy stocks like you buy your groceries, not like you buy your perfume.
Warren Buffett
A public-opinion poll is no substitute for thought.
Warren Buffett
I make plenty of mistakes and I'll make plenty more mistakes, too. That's part of the game. You've just got to make sure that the right things overcome the wrong ones.
Warren Buffett
I've never been very fully employed either but just think of what it's like, you know, to go home with a mortgage payment you know and kids and everything else. My dad had that happen to him in the early '30s.
Warren Buffett
If this is a war, my side has the nuclear bomb. We have K Street. We have Wall Street. Debbie doesn't have anybody. I want a government that is responsive to the people who got the short straw in life.
Warren Buffett
We've actually been pretty good on exports. I mean we are exporting 12% of our GDP now roughly.
Warren Buffett
You have hedge funds and people like that buying these assets to yield 15 or 20 percent, I mean, that's the buyer for these people that are trying to unload them.
Warren Buffett