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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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If horses had controlled investment decisions, there would have been no auto industry.
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Good profits simply are not inconsistent with good behavior.
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Investment decision should be made on the basis of the most probable compounding of after-tax net worth with minimum risk.
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Learning how to live is much more important than learning how to make a living.
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I think the rest of the country should be paying less, the 95 percent that [Barack] Obama talks about or maybe even a little higher than that.
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It makes a difference who the treasury secretary is.
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What the wise do in the beginning, fools do in the end.
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I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here.
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Every company that has an economist working for him has one employee too many.
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In some corner of the world they are probably still holding regular meetings of the Flat Earth Society. We derive no comfort because important people, vocal people, or great numbers of people agree with us. Nor do we derive comfort if they don't.
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It is better to point out your own mistakes than have somebody else do it.
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I get to do what I like to do every single day of the year.
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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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Be brave when others are afraid, and afraid when others are brave.
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If you own a wonderful business...the best thing to do is keep it. All you're going to do is trade your wonderful business for a whole bunch of cash, which isn't as good as the business, and you got the problem of investing in other businesses, and you probably paid a tax in between. So my advice to anybody who owns a wonderful business is keep it.
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The dumbest reason in the world to buy a stock is because it's going up.
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