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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
Power
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Newspapers
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Five
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Last
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Newspaper

More quotes by Warren Buffett

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Be fearful when the markets get greedy, be greedy when the markets get fearful.
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I don't think you can have a better secretary of the Treasury than Hank Paulson.
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I always knew I was going to be rich. I don't think I ever doubted it for a minute.
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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.
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Asset values and earning power are the dominant factors affecting the valuation of a controlling interest in a business. Market price, which governs valuation of minority interest positions, is of little or no importance in valuing a controlling interest.
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I am not worried about the country. I'm just worried about anything that gums up the potential of the country. And right now, it's pretty gummed up.
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The less prudence with which others conduct their affairs, the greater the prudence with which we should conduct our own affairs.
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In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts the Depression a dozen or so recessions and financial panics oil shocks a flu epidemic and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.
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Cultivate curiosity and strive to become a little wiser every day.
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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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Sound investing can make you very wealthy if you're not in too big a hurry
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The important thing is to keep playing, to play against weak opponents and to play for big stakes.
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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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The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.
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During inflation, Goodwill is the gift that keeps on giving.
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We've had public companies in the past in that business and they bleed. We've got a lot more blood than they do.
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Remember that the stock market is manic-depressive.
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Inactivity strikes us as intelligent behavior.
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The Happiest people DO NOT necessarily have the BEST THINGS. They simply APPRECIATE the things they have.
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It's very important that the determination of the US Congress to do what is is needed be made evident this week and by the actions of most of the members. I mean, you're not going to get total assent.
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