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I think that actually people in my situation should be paying more tax.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Paying
Taxes
Situation
Actually
Think
Thinking
People
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Risk is a part of God's game, alike for men and nations.
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When the brothel burns down, even the pretty girls have to run out.
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Always associate yourself with people who are better than you.
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Over the years, Charlie [Munger, Berkshire Hathaway Vice Chairman] and I have observed many accounting-based frauds of staggering size. Few of the perpetrators have been punished many have not even been censured. It has been far safer to steal large sums with pen than small sums with a gun.
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Buy into a company because you want to own it, not because you want the stock to go up.
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Observing that the market was FREQUENTLY efficient, EMT Adherents went on to conclude incorrectly that it was ALWAYS efficient. The difference between these propositions is night and day.
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I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.
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Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
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We've got a wonderful economic formula in this country.
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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.
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