Quote

If AIG had tried to unwind their derivatives books. I don't know. It would have hit every institution in the world.

Warren Buffett

Change background

T
T
T

Change font

TAGS & TOPICS

Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Books
Book
Every
Would
Unwind
World
Derivatives
Institution
Institutions
Tried

More quotes by Warren Buffett

Image
Fear is the foe of the faddist, but the friend of the fundamentalist.
Warren Buffett
Image
It is better to point out your own mistakes than have somebody else do it.
Warren Buffett
Image
If you don't make mistakes you can't make decisions.
Warren Buffett
Image
The patient that's on the floor with the cardiac arrest is not Wall Street. It's the American economy.
Warren Buffett
Image
Anyone who believes a growth rate in excess of 15% per annum over the long term is attainable should pursue a career in sales, but avoid one in mathematics.
Warren Buffett
Image
I read annual reports of the company I'm looking at and I read the annual reports of the competitors - that is the main source of material.
Warren Buffett
Image
In my opinion, the entire field of investment management, involving hundreds of billions of dollars, would be more satisfactorily conducted if everyone had a good yardstick for measurement of ability and sensibly applied it.
Warren Buffett
Image
We need a tax system that essentially takes very good care of the people who just really aren't as well adapted to the market system but are nevertheless doing useful things in the society.
Warren Buffett
Image
We make investment decisions based on our evaluation of the most profitable combination of probabilities.
Warren Buffett
Image
You don't have to be a genius to invest well
Warren Buffett
Image
In a commodity business, it's very hard to be smarter than your dumbest competitor.
Warren Buffett
Image
Let only individuals contribute - with sensible limits per election. Otherwise, we are well on our way to ensuring that a government of the moneyed, by the moneyed, and for the moneyed shall not perish from the earth.
Warren Buffett
Image
Part of making good decisions in business is recognizing the poor decisions you've made and why they were poor. I've made lots of mistakes. I'm going to make more. It's the name of the game. You don't want to expect perfection in yourself. You want to strive to do your best. It's too demanding to expect perfection in yourself.
Warren Buffett
Image
If anything, taxes for the lower and middle class and maybe even the upper-middle class should even probably be cut further. But I think that people at the high end - people like myself - should be paying a lot more in taxes. We have it better than we've ever had it.
Warren Buffett
Image
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
Image
That which is not worth doing at all is not worth doing well.
Warren Buffett
Image
The [stock] market,like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do.
Warren Buffett
Image
We try to buy businesses with good-to-superb underlying economics run by honest and able people and buy them at sensible prices. That's all I'm trying to do.
Warren Buffett
Image
In other words, the percentage change in book value in any given year is likely to be reasonably close to that year's change in intrinsic value.
Warren Buffett
Image
I want to be able to explain my mistakes. This means I do only the things I completely understand.
Warren Buffett