Quote

It isn't given to man to be able to run a financial institution where different interest-rate scenarios will prevail on all of that so as to produce kind of smooth, regular earnings from a very large base to start with.

Warren Buffett

Change background

T
T
T

Change font

TAGS & TOPICS

Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Given
Rate
Earnings
Able
Financial
Scenarios
Different
Institutions
Prevail
Kind
Large
Earning
Men
Produce
Institution
Start
Smooth
Interest
Regular
Running
Base

More quotes by Warren Buffett

Image
The most important investment you can make is in yourself... nobody can tax it or take it away from you.
Warren Buffett
Image
If you can't communicate and talk to other people and get across your ideas, you're giving up your potential.
Warren Buffett
Image
The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.
Warren Buffett
Image
Everybody's got a different circle of competence. The important thing is not how big the circle is. The important thing is staying inside the circle.
Warren Buffett
Image
The best asset is your own self. You can become to an enormous degree the person you want to be
Warren Buffett
Image
Stop trying to predict the direction of the stock market, the economy or elections.
Warren Buffett
Image
If you don’t feel comfortable making a rough estimate of the asset’s future earnings, just forget it and move on. No one has the ability to evaluate every investment possibility. But omniscience isn’t necessary you only need to understand the actions you undertake.
Warren Buffett
Image
Too often, a vast collection of possessions ends up possessing its owner. The asset I most value, aside from health, is interesting, diverse, and long-standing friends.
Warren Buffett
Image
If you’re in the luckiest one per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.
Warren Buffett
Image
We always see shifts in employment. If you think about it, if you go back to 1800, it took 80 percent of the labor force to produce enough food for the country. Now it takes less than 3 percent. Well, the truth is that market systems move people around.
Warren Buffett
Image
I believe the chance of any event causing Berkshire to experience financial problems is essentially zero. We will always be prepared for the thousand-year flood in fact, if it occurswe will be selling life jackets to the unprepared.
Warren Buffett
Image
I will do anything that is basically covered by the law to reduce Berkshire's tax rate. For example, on wind energy, we get a tax credit if we build a lot of wind farms. That's the only reason to build them. They don't make sense without the tax credit.
Warren Buffett
Image
In the search [of a deal], we adopt the same attitude one might find appropriate in looking for a spouse: It pays to be active, interested, and open-minded, but it does not pay to be in a hurry.
Warren Buffett
Image
Cash, though, is to a business as oxygen is to an individual: never thought about when it is present, the only thing in mind when it is absent... When bills come due, only cash is legal tender. Don't leave home without it.
Warren Buffett
Image
People always ask me where they should go to work, and I always tell them to go to work for whom they admire the most.
Warren Buffett
Image
Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the like, these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the models. Beware of geeks bearing formulas.
Warren Buffett
Image
I think people - what people want to do is make [economy] get worse.
Warren Buffett
Image
The range of derivatives contracts is limited only by the imagination of man (or sometimes, so it seems, madmen). Say you want to write a contract speculating on the number of twins to be born in Nebraska in 2020. No problem-at a price, you will easily find an obliging counterparty.
Warren Buffett
Image
... the best way to own common stocks is through an index fund.
Warren Buffett
Image
If you buy things you do not need, soon you will have to sell things you need.
Warren Buffett