Warren Buffett Quotes, Team Quotes, People Quotes

Having first rate people on the team is more important than designing hierarchies and clarifying who reports to whom.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Team Quotes , People Quotes

It's got to be the best intellectual exercise out there. You're seeing through new situations every ten minutes. In the stock market you don't base your decisions on what the market is doing, but on what you think is rational. Bridge is about weighing gain/loss ratios. You're doing calculations all the time.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Loss Quotes , Exercise Quotes

Businesses always have opportunities to improve service, product lines, manufacturing techniques, and the like, and obviously these opportunities should be seized. But a business that constantly encounters major change also encounters many chances for major error

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Opportunity Quotes , Errors Quotes

You could take all the gold that's ever been mined, and it would fill a cube 67 feet in each direction. For what that's worth at current gold prices, you could buy all -- not some -- all of the farmland in the United States. Plus, you could buy 10 Exxon Mobils, plus have $1 trillion of walking-around money. Or you could have a big cube of metal. Which would you take? Which is going to produce more value?

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Feet Quotes , Gold Quotes

I'll tell you why I like the cigarette business. It cost a penny to make. Sell it for a dollar. It's addictive. And there's a fantastic brand loyalty.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Loyalty Quotes , Smoking Quotes

Uncertainty is the friend of the buyer of long term values.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Long Quotes , Buyers Quotes

The one piece of advice I can give you is, do what turns you on. Do something that if you had all the money in the world, you’d still be doing it. You’ve got to have a reason to jump out of bed in the morning.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Morning Quotes , Giving Quotes

The problem with commodities is that you are betting on what someone else would pay for them in six months. The commodity itself isn't going to do anything for you....it is an entirely different game to buy a lump of something and hope that somebody else pays you more for that lump two years from now than it is to buy something that you expect to produce income for you over time.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Years Quotes , Games Quotes

The single most important decision in evaluating a business is pricing power.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Decision Quotes , Important Quotes

I'll bring my tax returns; you bring yours. I'll meet you anytime anywhere.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Return Quotes , Taxes Quotes

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.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Money Quotes , Business Quotes

I would say it's more important who the treasury secretary is than who the vice president is. If you want to have a debate here, I'd like a debate between potential treasury secretaries than the vice presidential debate.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Presidential Quotes , Important Quotes

The (stock) market is there only as a reference point to see if anybody is offering to do anything foolish. When we invest in stocks, we invest in businesses.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Offering Quotes , Foolish Quotes

When you listen to tax-cut rhetoric, remember that giving one class of taxpayer a break requires - now or down the line - that an equivalent burden be imposed on other parties. In other words, if I get a break, someone else pays. Government can't deliver a free lunch to the country as a whole. It can however, determine who pays for lunch.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Country Quotes , Party Quotes

You have to turn over a lot of rocks to find those little anomalies. You have to find the companies that are off the map - way off the map.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Rocks Quotes , Anomalies Quotes

Stocks of companies selling commodity-like products should come with a warning label: "Competition may prove hazardous to human wealth".

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Competition Quotes , May Quotes

Trust is like the air we breathe--when it's present, nobody really notices; when it's absent, everybody notices.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Air Quotes , Breathe Quotes

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

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Numbers Quotes , Ends Quotes

Bull markets and Bear markets can obscure mathematical laws, they cannot repeal them.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Law Quotes , Bulls Quotes

Generally, we have translated greater output in the few hours of work per week over the last century. And that's a good trend of the future. But we do have to have a system that, as output of goods and services keeps increasing per capita, that it takes care of the people who are willing to work and really are not getting by very well with a family on a 40-hour week.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , People Quotes , Care Quotes