Warren Buffett

(Warren Edward Buffett)

Warren Buffett
Warren Buffett
  • Born: August 30, 1930
  • Nationality: American
  • Profession: Investor, Business Magnate, Speaker Philanthropist

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Warren Edward Buffett is an American business magnate, investor, speaker and philanthropist who serves as the chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of US$84.4 billion as of November 1, 2018, making him the third-wealthiest person in the world.

Quotes
Quote Topics Cited
... trade in derivatives poses a mega-catastrophic risk ... derivatives are financial weapons of mass destruction that could harm not only their buyers and sellers, but the whole economic system. Business, Commerce & Finance
… a pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons.. Economics, The Economy & Fiscal Affairs
… you only find out who is swimming naked when the tide goes out.. Business, Commerce & Finance
As if governed by Newton's First Law of Motion, an institution will resist any change in its current direction. Reform, Change, Transformation & Reformers
At my age, my greatest satisfaction is being able to maintain good health.
Buying securities is usually easier than selling securities. Economics, The Economy & Fiscal Affairs ;Social Sciences
CEO pay is ridiculously out of line with performance. Business, Commerce & Finance
Fairness is important and getting rid of promises you can’t keep is important Legislating & Legislative Process
Government can’t deliver a free lunch to the country as a whole. It can, however, determine who pays for lunch. Policy & Policy Making
I chose to invest in railroads rather than airlines. More than 100 airlines have gone bankrupt in the last 25 years.
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 re-election Budgets & Budgeting
I did a little study of my office, and the average worker pays a higher tax rate than I do. If the government needs money, it should get if from me rather than my secretary of the person who will serve my lunch today. Taxes
I don’t really think that as a society we want to confer blessings on generations after generations who contribute nothing to society simply because somebody in the far distant past happened to amass a great sum of wealth. Morality, Ethics & Conflict of Interest
I don’t think our tax system is very equitable. Taxes
I have thought about it for 50 years, and I just don’t know. Work, Workers & The Labor Force
I would change the tax system markedly. The market system is wonderful but you have to take care of the poople who are left behind and do not profit from it.
If class warfare is being waged in America, my class is clearly winning. Economics, The Economy & Fiscal Affairs
If you seek our Founding Fathers monument, just look around you. Memorials, Monuments, Medals, Statues & Buildings
It is better to be approximately right than to be precisely wrong. Management & Managing Government
It’s very hard to write regulations that will prevent people from acting foolishly—particularly when acting foolishly has recently made them a lot of money. Regulation & Deregulation
Just look at the last 237 years …. Who wants to bet against America. Just look at the record…. We haven’t come close to tapping our human potential. This country’s best days lie ahead of us. Economics, The Economy & Fiscal Affairs
Marrying for money is not a good idea at any time, but it is particualrly stupid for really rich people to do it.
Money in politics leads to bad things—and I am bipartisan in that view. Politics, Politicians & Political Campaigning & Fund Raising
Putting people into homes, though a desirable goal, shouldn’t be our country’s primary objective. Keeping them in their homes should be the ambition.. Housing
Since the lobbyists and lawyers for the rich are so good at these things, I think they can avoid any increased tax rate so I would have a minimum tax. Taxes
Success in investing doesn't correlate with I.Q. once you're above the level of 25. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing. Business, Commerce & Finance
Take me as an example. I happen to have a talent for allocating capital. But my ability to use that talent is completely dependent on the society I was born into. If I'd been born into a tribe of hunters, this talent of mine would be pretty worthless. I can't run very fast. I'm not particularly strong. I'd probably end up as some wild animal's dinner. Human Nature
The 400 of us [the richest Americans] pay a lower part of our income in taxes than our receptionists do, or our cleaning ladies, for that matter. If you're in the luckiest 1 percent of humanity, you owe it to the rest of humanity to think about the other 99 percent. Taxes
The Fed [Federal Reserve] is the world’s largest hedge fund. Economics, The Economy & Fiscal Affairs
The job of government is to govern. They ought to get on with it. Compliments, Insults & Rebukes
The more you learn the more you earn. Education, Learning, Knowledge & Training
The rearview mirror is always clearer than the windshield. Management & Managing Government
The right amount of money to leave children is enough money so that they would feel they could do anything, but not so much that they could do nothing Families, Children & Parenting
Wall Street is the only place that people ride in a Rolls Royce to get advice from those who take the subway Transportation
We hope our taxes continue to rise in the future — it will mean we are prospering — but we also hope that the rest of corporate America antes up along with us. Taxes
When I select a leader I look for a person with integrity, intelligence and ambition. If he doesn’t have integrity I hope he doesn’t have the other two either. Leaders & Leadership
You couldn't advance in a finance department in this country unless you thought that the world was flat. Compliments, Insults & Rebukes
You have to make your company idiot-proof because you may have an idiot running it some day. Business, Commerce & Finance
A public-opinion poll is no substitute for thought.
Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We'll break out of it. It takes time. Time
Basically, when you get to my age, you'll really measure your success in life by how many of the people you want to have love you actually do love you. Life ;Love, Romance, Marriage & Sex ;Success
Beware of geeks bearing formulas.
Chains of habit are too light to be felt until they are too heavy to be broken.
Derivatives are financial weapons of mass destruction. Business, Commerce & Finance
Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation. Nature
I always knew I was going to be rich. I don't think I ever doubted it for a minute.
I am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board.
I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here.
I bought a company in the mid-'90s called Dexter Shoe and paid $400 million for it. And it went to zero. And I gave about $400 million worth of Berkshire stock, which is probably now worth $400 billion. But I've made lots of dumb decisions. That's part of the game.
I buy expensive suits. They just look cheap on me. Humor
I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
I just think that - when a country needs more income and we do, we're only taking in 15 percent of GDP, I mean, that - that - when a country needs more income, they should get it from the people that have it.
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years. Money, Coins & Minting
I sent one e-mail in my life. I sent it to Jeff Raikes at Microsoft, and it ended up in court in Minneapolis, so I am one for one. Life
I think that both parties should declare the debt limit as a political weapon of mass destruction which can't be used. I mean, it is silly to have a country that has 237 years building up its reputation and then have people threaten to tear it down because they're not getting some other matter.
I think the most important factor in getting out of the recession actually is just the regenerative capacity of - of American capitalism.
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. Money, Coins & Minting ;Work, Workers & The Labor Force
If a business does well, the stock eventually follows. Business, Commerce & Finance
If anything, taxes for the lower and middle class and maybe even the upper middle class should even probably be cut further. But I think that people at the high end - people like myself - should be paying a lot more in taxes. We have it better than we've ever had it.
If you get to my age in life and nobody thinks well of you, I don't care how big your bank account is, your life is a disaster. Life
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.
In the business world, the rearview mirror is always clearer than the windshield. Business, Commerce & Finance
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
It's never paid to bet against America. We come through things, but its not always a smooth ride.
Let blockheads read what blockheads wrote.
Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars. Money, Coins & Minting
Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
Our favorite holding period is forever. Business, Commerce & Finance
Predicting rain doesn't count. Building arks does.
Price is what you pay. Value is what you get.
Risk comes from not knowing what you're doing. Education, Learning, Knowledge & Training
Risk is a part of God's game, alike for men and nations. Religion & God
Rule No.1: Never lose money. Rule No.2: Never forget rule No.1. Money, Coins & Minting
Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.
Someone is sitting in the shade today because someone planted a tree a long time ago. Time ;Inspiration
The best thing I did was to choose the right heroes.
The big question about how people behave is whether they've got an Inner Scorecard or an Outer Scorecard. It helps if you can be satisfied with an Inner Scorecard.
The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective. Business, Commerce & Finance
The first rule is not to lose. The second rule is not to forget the first rule.
The investor of today does not profit from yesterday's growth.
The only time to buy these is on a day with no 'y' in it. Time
The only way to get love is to be lovable. It's very irritating if you have a lot of money. You'd like to think you could write a check: 'I'll buy a million dollars' worth of love.' But it doesn't work that way. The more you give love away, the more you get. Love, Romance, Marriage & Sex ;Money, Coins & Minting ;Work, Workers & The Labor Force
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. Hope ;Money, Coins & Minting
The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves - and the better the teacher, the better the student body. Education, Learning, Knowledge & Training ;Society
There are 309 million people out there that are trying to improve their lot in life. And we've got a system that allows them to do it. Life
There seems to be some perverse human characteristic that likes to make easy things difficult.
Time is the friend of the wonderful company, the enemy of the mediocre. Time
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.
Value is what you get.
Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
We always live in an uncertain world. What is certain is that the United States will go forward over time. Time
We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.' Romantic
We enjoy the process far more than the proceeds.
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
We're still in a recession. We're not gonna be out of it for a while, but we will get out.
We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II. Truth ;War & Peace
When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact. Business, Commerce & Finance
When you combine ignorance and leverage, you get some pretty interesting results.
Why not invest your assets in the companies you really like? As Mae West said, 'Too much of a good thing can be wonderful'.
Wide diversification is only required when investors do not understand what they are doing.
You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing. Life
You have no ability, if you're a financial institution and you're threatened with criminal prosecution, you have no ability to negotiate.
You know, people talk about this being an uncertain time. You know, all time is uncertain. I mean, it was uncertain back in - in 2007, we just didn't know it was uncertain. It was - uncertain on September 10th, 2001. It was uncertain on October 18th, 1987, you just didn't know it. Time
You only have to do a very few things right in your life so long as you don't do too many things wrong. Life
Your premium brand had better be delivering something special, or it's not going to get the business. Business, Commerce & Finance

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