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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.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Think
Thinking
Checks
Clear
Able
Would

More quotes by Warren Buffett

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One of the ironies of the stock market is the emphasis on activity. Brokers, using terms such as 'marketability' and 'liquidity,' sing the praises of companies with high share turnover... but investors should understand that what is good for the croupier is not good for the customer. A hyperactive stock market is the pick pocket of enterprise.
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The secret to happiness is having low expectations.
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It's not debt per say that overwhelms an individual corporation or country. Rather it is a continuous increase in debt in relation to income that causes trouble.
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I've never been very fully employed either.
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It's nice to have a lot of money, but you know, you don't want to keep it around forever. I prefer buying things. Otherwise, it's a little like saving sex for your old age.
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The most dangerous distractions are the ones you love, but that don’t love you back.
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You are neither right nor wrong because the crowd disagrees with you.
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It is impossible to unsign a contract, so do all your thinking before you sign.
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In a bull market, one must avoid the error of the preening duck that quacks boastfully after a torrential rainstorm, thinking that its paddling skills have caused it to rise in the world. A right-thinking duck would instead compare its position after the downpour to that of the other ducks on the pond.
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If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.
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A hyperactive stock market is the pickpocket of enterprise.
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The same things happen to quite an extent around the globe. I mean, the European banks were doing what the American banks were.
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Failure comes from ego, greed, envy, fear, imitation. I have success not because I am smart, but because I am rational.
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Trust is like the air we breathe--when it's present, nobody really notices when it's absent, everybody notices.
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We've long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children.
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The (stock) market is there only as a reference point to see if anybody is offering to do anything foolish. When we invest in stocks, we invest in businesses.
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Like I say, I don't think it'll be done perfectly. Maybe we'll end up with a little bit better [economy] system.
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All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.
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Tell me your heroes and I'll tell you how your life will end up
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Take the probability of loss times the amount of possible loss from the probability of gain times the amount of possible gain. That is what we're trying to do. It's imperfect, but that's what it's all about.
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