Warren Buffett Quotes, Pain Quotes, Sacrifice Quotes

OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.

5 years ago

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Tags : Warren Buffett Quotes , Pain Quotes , Sacrifice Quotes

If you have a harem of 40 women, you never get to know any of them very well.

5 years ago

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Tags : Warren Buffett Quotes , Wells Quotes , Harem Quotes

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.

5 years ago

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Tags : Warren Buffett Quotes , Law Quotes , Gdp Quotes

During inflation, Goodwill is the gift that keeps on giving.

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Tags : Warren Buffett Quotes , Vacation Quotes , Giving Quotes

Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices.

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Tags : Warren Buffett Quotes , Investing Quotes , Should Quotes

Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.

5 years ago

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Tags : Warren Buffett Quotes , Numbers Quotes , Ends Quotes

None of this means, however, that a business or stock is an intelligent purchase simply because it is unpopular; a contrarian approach is just as foolish as a follow-the-crowd strategy. What's required is thinking rather than polling. Unfortunately, Bertrand Russell's observation about life in general applies with unusual force in the financial world: "Most men would rather die than think. Many do."

5 years ago

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Tags : Warren Buffett Quotes , Business Quotes , Mean Quotes

I would rather sustain the penalties resulting from over-conservatism than face the consequences of error, perhaps with permanent capital loss, resulting from the adoption of "New Era" philosophy where trees really do grow to the sky.

5 years ago

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Tags : Warren Buffett Quotes , Philosophy Quotes , Loss Quotes

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.

5 years ago

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Tags : Warren Buffett Quotes , People Quotes , Trying Quotes

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.

5 years ago

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Tags : Warren Buffett Quotes , Hero Quotes , Years Quotes

It's almost impossible to overpay the truly extraordinary CEO... but the species is rare.

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Tags : Warren Buffett Quotes , Impossible Quotes , Ceo Quotes

If you can't communicate and talk to other people and get across your ideas, you're giving up your potential.

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Tags : Warren Buffett Quotes , Giving Up Quotes , Ideas Quotes

In my opinion, the entire field of investment management, involving hundreds of billions of dollars, would be more satisfactorily conducted if everyone had a good yardstick for measurement of ability and sensibly applied it.

5 years ago

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Tags : Warren Buffett Quotes , Fields Quotes , Measurement Quotes

In our view, though, investment students need only two well-taught courses-How to Value a Business, and How to Think about Market Prices. Your goal as an investor should simply be to purchase, at a rational price, a part interest in an easily-understandable business who's earnings are virtually certain to be materially higher five, ten and twenty years from now.

5 years ago

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Tags : Warren Buffett Quotes , Thinking Quotes , Two Quotes

I like to buy things I can understand. I do a lot of research on things.

5 years ago

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Tags : Warren Buffett Quotes , Research Quotes

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.

5 years ago

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Tags : Warren Buffett Quotes , Attitude Quotes , Doe Quotes

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.

5 years ago

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Tags : Warren Buffett Quotes , Wind Farms Quotes , Law Quotes

It is more important to say "no" to an opportunity, than to say "yes".

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Tags : Warren Buffett Quotes , Opportunity Quotes , Important Quotes

If you knew what was going to happen in the economy, you still wouldn't necessarily know what was going to happen in the stock market.

5 years ago

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Tags : Warren Buffett Quotes , Investing Quotes , Economy Quotes

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.

5 years ago

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Tags : Warren Buffett Quotes , Jobs Quotes , Children Quotes