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I mean the truth is, I've never had it so good in terms of taxes. I am paying the lowest tax rate that I've ever paid in my life.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
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Omaha
Nebraska
Warren Edward Buffett
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More quotes by Warren Buffett
In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts the Depression a dozen or so recessions and financial panics oil shocks a flu epidemic and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.
Warren Buffett
What an investor needs is the ability to correctly evaluate selected businesses. Note that word “selected”: You don't have to be an expert on every company, or even many. You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important knowing its boundaries, however, is vital.
Warren Buffett
Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.
Warren Buffett
I don't want to be on the other side of the table from the customer. I was never selling anything that I didn't believe in myself or use myself.
Warren Buffett
Success in investing doesn’t correlate with I.Q. Once you are above the level of 25 once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.
Warren Buffett
If you can't read the scoreboard. You don't know the score. If you don't know the score, you can't tell the winners from the losers.
Warren Buffett
Valuing a business is part art and part science.
Warren Buffett
I know that Congress will do the right thing.
Warren Buffett
Don't risk what is important to you, to get what is not important to you.
Warren Buffett
No formula in finance tells you that the moat is 28 feet wide and 16 feet deep. That's what drives the academics crazy. They can compute standard deviations and betas, but they can't understand moats.
Warren Buffett
If you have more than 120 or 130 I.Q. points, you can afford to give the rest away. You don't need extraordinary intelligence to succeed as an investor.
Warren Buffett
Cultivate curiosity and strive to become a little wiser every day.
Warren Buffett
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.
Warren Buffett
It's a big mistake to try and mislead people. They will turn around.
Warren Buffett
My job is essentially just corralling more and more and more facts and information, and occasionally seeing whether that leads to some action.
Warren Buffett
A market downturn, doesn't bother us. For us and our long term investors, it is an opportunity to increase our ownership of great companies with great management at good prices. Only for short term investors and market timers is a correction not an opportunity.
Warren Buffett
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
Warren Buffett
If you own the only newspaper in town, up until the last five years or so, you have pricing power and you didn't have to go to the office.
Warren Buffett
An investor should ordinarily hold a small piece of an outstanding business with the same tenacity that an owner would exhibit if he owned all of that business.
Warren Buffett
What the wise do in the beginning, fools do in the end.
Warren Buffett