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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
Office
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More quotes by Warren Buffett

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Many stock options in the corporate world have worked in exactly that fashion: they have gained in value simply because management retained earnings, not because it did well with the capital in its hands.
Warren Buffett
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I think the worst mistake you can make in stocks is to buy or sell based on current headlines.
Warren Buffett
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The financial calculus that Charlie and I employ would never permit our trading a good night's sleep for a shot at a few extra percentage points of return. I've never believed in risking what my friends and family have and need in order to pursue what they don't have and don't need.
Warren Buffett
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It is impossible to unsign a contract, so do all your thinking before you sign.
Warren Buffett
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If you have a harem of 40 women, you never get to know any of them very well.
Warren Buffett
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The important thing is to keep playing, to play against weak opponents and to play for big stakes.
Warren Buffett
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Emotional makeup is more important than technical skill
Warren Buffett
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Forecasts usually tell us more of the forecaster than of the forecast
Warren Buffett
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Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.
Warren Buffett
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I just don't see anything available that gives any reasonable hope of delivering such a good year and I have no desire to grope around, hoping to 'get lucky' with other people's money. I am not attuned to this market environment, and I don't want to spoil a decent record by trying to play a game I don't understand just so I can go out a hero.
Warren Buffett
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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.
Warren Buffett
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It's never paid to bet against America. We come through things, but its not always a smooth ride.
Warren Buffett
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Money will not change how healthy you are or how many people love you.
Warren Buffett
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If you expect to continue to purchase stocks throughout your life, you should welcome price declines as a way to add stocks more cheaply to your portfolio.
Warren Buffett
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I think the most important factor in getting out of the recession actually is just the regenerative capacity of - of American capitalism.
Warren Buffett
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I think it will get moving faster. I mean once you get it off the - once credit flows - now the recession is going to get worse.
Warren Buffett
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A lot of people disagree with me on this, I believe in mark to market.
Warren Buffett
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Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
Warren Buffett
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Market prices for stocks fluctuate at great amplitudes around intrinsic value but, over the long term, intrinsic value is virtually always reflected at some point in market price.
Warren Buffett
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When you build a bridge, you insist that it can carry 30,000 pounds, but you only drive 10,000-pound trucks across it. And that same principle works in investing.
Warren Buffett