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I think people - what people want to do is make [economy] get worse.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Make
Think
Thinking
People
Worse
Economy

More quotes by Warren Buffett

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It's got to be the best intellectual exercise out there. You're seeing through new situations every ten minutes. In the stock market you don't base your decisions on what the market is doing, but on what you think is rational. Bridge is about weighing gain/loss ratios. You're doing calculations all the time.
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A home is one of the most important assets that most people will ever buy. Homes are also where memories are made and you want to work with someone you can trust.
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I did not think I would see the day when, you know, an AIG would not be able to have its checks clear.
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The dominant factors affecting control valuations are earning power (past and prospective) and asset values.
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I know what I want to do and it makes sense to get going.
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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 prefer liquor store robbers with hungry kids to companies that locate offshore to avoid U.S. taxes.
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As one of my older friends says, Nostalgia just isn't what it used to be. Let's take a stab at it, anyway.
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At age 19, I read a book [The Intelligent Investor] and what I'm doing today, at age 76, is running things through the same thought process I learned from the book I read at 19.
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Everybody's got a different circle of competence. The important thing is not how big the circle is. The important thing is staying inside the circle.
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Wall Street makes its money on activity. You make your money on inactivity.
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Either they're trying to con you or they're trying to con themselves.
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The nature of democracy is such that when there's - there'll be revulsion, obviously, towards - that's never going to happen again.
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I believe the chance of any event causing Berkshire to experience financial problems is essentially zero. We will always be prepared for the thousand-year flood in fact, if it occurswe will be selling life jackets to the unprepared.
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I'm sitting with six and a half billion dollars we're going to use to close the Mars-Wrigley deal on October 6. I've got to hand over that six and a half billion on October 6. Now, I have to be very careful about who I leave it in between now and then, because they're expecting that he show up.
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I knew a lot about what I did when I was 20. I had read a lot, and I aspired to learn everything I could about the subject.
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You're dealing with a lot of silly people in the marketplace it's like a great big casino and everyone else is boozing. If you can stick with Pepsi, you should be OK.
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You don't want 300 million Americans putting their money under the mattress.
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It is to our advantage to have securities do nothing price-wise for months, or perhaps years, while we are buying them.
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The first rule is not to lose. The second rule is not to forget the first rule.
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