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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

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Years
Newspapers
Towns
Office
Five
Lasts
Last
Pricing
Didn
Newspaper
Power
Town

More quotes by Warren Buffett

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My rather puritanical view is that any investment manager, whether operating as broker, investment counselor of a trust department, investment company, etc., should be willing to state unequivocally what he is going to attempt to accomplish and how he proposes to measure the extent to which he gets the job done.
Warren Buffett
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The dominant factors affecting control valuations are earning power (past and prospective) and asset values.
Warren Buffett
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Does management resist the institutional imperative?
Warren Buffett
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In fact, in my adult lifetime, I don't think I've ever seen people as fearful economically as they are right now.
Warren Buffett
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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
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Invest in as much of yourself as you can, you are your own biggest asset by far.
Warren Buffett
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If I eat 2,700 calories a day, a quarter of that is Coca-Cola.
Warren Buffett
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I learned to go into business only with people whom I like, trust, and admire.
Warren Buffett
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Honesty is a very expensive gift, Don't expect it from cheap people.
Warren Buffett
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With each investment you make, you should have the courage and the conviction to place at least ten per cent of your net worth in that stock
Warren Buffett
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We've used derivatives for many, many years. I don't think derivatives are evil, per se, I think they are dangerous.
Warren Buffett
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Never ask a barber if you need a haircut.
Warren Buffett
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Buy a cross section of American industry, and if a cross section of American industry doesn't work, certainly trying to pick the little beauties here and there isn't going to work either.
Warren Buffett
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Wall Street makes its money on activity. You make your money on inactivity.
Warren Buffett
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A bull market is like sex. It feels best just before it ends.
Warren Buffett
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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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The same things happen to quite an extent around the globe. I mean, the European banks were doing what the American banks were.
Warren Buffett
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If you can eliminate the government as a 39.6% partner, then you will be much better off.
Warren Buffett
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What could be more advantageous in an intellectual contest - whether it be chess, bridge, or stock selection - than to have opponents who have been taught that thinking is a waste of energy?
Warren Buffett
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Nothing sedates rationality like large doses of effortless money.
Warren Buffett