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I think the biggest thing we need is to unclog the credit markets, and we may need another stimulus - if we do, it's - it should go to the lower and middle-income people.
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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Credit
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Middle
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Stimulus
More quotes by Warren Buffett
Our approach is very much profiting from lack of change rather than from change. With Wrigley chewing gum, it's the lack of change that appeals to me. I don't think it is going to be hurt by the Internet. That's the kind of business I like.
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When people talk about cash being king, it's not king if it just sits there and never does anything.
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You don't ever ask a barber whether you need a haircut.
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People do, as long as you have markets, you'll have excesses.
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People always should know better. People don't get - they don't get smarter about things that get as basic as greed.
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We have learned to turn out lots of goods and services, but we haven't learned as well how to have everybody share in the bounty. The obligation of a society as prosperous as ours is to figure out how nobody gets left too far behind.
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The active investors will have their returns diminished by a far greater percentage than will their inactive brethren. That means that the passive group - the know-nothings - must win.
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If horses had controlled investment decisions, there would have been no auto industry.
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The best investment you can make is in yourself.
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An ounce of prevention is worth a pound of cure understated.
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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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When it's raining gold, reach for a bucket, not a thimble.
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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.
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Valuing a business is part art and part science.
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The best investment you can make, is an investment in yourself... The more you learn, the more you'll earn.
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Turnarounds seldom turn.
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It's good to learn from your mistakes. It's better to learn from other people's mistakes.
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It's just that I landed up in a terrific capitalist system. One that pays people who allocate capital extraordinarily well. Intrinsically, I'm not worth as much as somebody who invents something that could improves people's life, or health or whatever.
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We intend to continue our practice of working only with people whom we like and admire. This policy not only maximizes our chances for good results, it also ensures us an extraordinarily good time.
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My wealth has come from a combination of living in America, some lucky genes, and compound interest.
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