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There's not many businesses where someone can come in and offer to cut the price in half and somebody doesn't think about shifting. But that's the nature of the ratings business.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Thinking
Half
Rating
Business
Shifting
Doesn
Businesses
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Offer
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Come
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Cutting
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Somebody
Ratings

More quotes by Warren Buffett

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I think any time you couple the term Wall Street with bailout or something like that, you know - I don't like what's going on in Wall Street.
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We have learned to turn out lots of goods and services, but we haven't learned as well how to have everybody share in the bounty. The obligation of a society as prosperous as ours is to figure out how nobody gets left too far behind.
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What's nice about investing is you don't have to swing at every pitch.
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I view derivatives as time bombs, both for the parties that deal in them and the economic system.
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The dominant factors affecting control valuations are earning power (past and prospective) and asset values.
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If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes.
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I mean, you may be very mad at some guy that walked away with a huge golden parachute, but that really isn't the important thing.
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Only when the tide goes out do you discover who's been swimming naked.
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My father was the best person i've ever known.
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For some reason people take their cues from price action rather than from values. Price is what you pay. Value is what you get.
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The .350 hitter expects, and also deserves, a big payoff for his performance - even if he plays for a cellar-dwelling team. And a .150 hitter should get no reward - even if he plays for a pennant winner.
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With a wonderful business, you can figure out what will happen you can't figure out when it will happen. You don't want to focus on when, you want to focus on what. If you're right about what, you don't have to worry about when
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Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.
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I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.
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That which is not worth doing at all is not worth doing well.
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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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I don't try and guess when to get in and out of the market. I have owned stocks consistently since 1942. I owned the - I was buying stocks the day before the election. I was buying the same stocks the day after election. And if Hillary had been elected, it would have been the same thing.
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I would say the most satisfying thing actually is watching my three children each pick up on their own interests and work many more hours per week than most people that have jobs at trying to intelligently give away that money in fields that they particularly care about.
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Our approach is very much profiting from lack of change rather than from change.
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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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