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There is no staff. I make all the investment decisions and I do all my own analysis.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Staff
Analysis
Investment
Decisions
Decision
Make
More quotes by Warren Buffett
The Noah rule: Predicting rain doesn't count building arks does.
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I think that actually people in my situation should be paying more tax.
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Valuing a business is part art and part science.
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Your money can be inflated away but your knowledge and talent cannot.
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When 40 billion of treasury bills are sold like, seven day treasury bills, at a yield of 1/20th of one percent, that means the whole country is basically at the point virtually, or a lot of the country is at the point of putting the money under the mattress.
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Goldman Sachs saying they might be interested in such an investment. I'm familiar with the company. I've known the management, the current management, Jack Welch before Jeff Immelt. I've known him for decades.
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There's nothing inappropriate about having debt in America. It's what helped us grow over time. And it's when debt gets out of control that you worry.
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I have an 800 freephone number now that I call if I get the urge to buy an airline stock. I call at two in the morning and I say: My name is Warren and I'm an aeroholic. And then they talk me down.
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What the wise do in the beginning, fools do in the end.
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The dominant factors affecting control valuations are earning power (past and prospective) and asset values.
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I learned to go into business only with people whom I like, trust, and admire.
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it's a good idea to review past mistakes before committing new ones.
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Cash combined with courage in a time of crisis is priceless.
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You know, with your money and my brains, I mean, there's no telling how far we'd go.
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I want to be able to explain my mistakes. This means I do only the things I completely understand.
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Enjoy your work and work for whom you admire.
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Lethargy bordering on sloth remains the cornerstone of our investment style. The exception was Wells Fargo, a superbly-managed, high-return banking operation in which we increased our ownership to just under 10%, the most we can own without the approval of the Federal Reserve Board.
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Emotional makeup is more important than technical skill
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The best way in my view is to just buy a low-cost index fund and keep buying it regularly over time, because you'll be buying into a wonderful industry, which in effect is all of American industry... People ought to sit back and relax and keep accumulating over time.
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Risk comes from not knowing what you are doing so wide diversification is only required when investors are ignorant. You only have to do a very few things in your life so long as you don't do too many things wrong.
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