Warren Buffett Quotes, Fall Quotes, Mean Quotes

And people really behaved in a fraudulent way or something, we'll go back and find the culprits later on. But that really isn't the problem we have. I mean that's where it came from, though. We leveraged up and if you have a 20 percent fall in value of a $20 trillion asset, that's $4 trillion. And when $4 trillion lands - losses land in the wrong part of this economy, it can gum up the whole place.

5 years ago

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Tags : Warren Buffett Quotes , Fall Quotes , Mean Quotes

If you look at the Forbes 400, they are paying a lower rate, accounting payroll taxes, than their secretary or - whomever around their office.

5 years ago

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Tags : Warren Buffett Quotes , Payroll Tax Quotes , Office Quotes

The capital gains tax is 15 percent now. So I sit there in my office and I make a lot of money by capital gains, and I pay 15 percent, and I pay no payroll tax on it.

5 years ago

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It's us fun being a horse when the tractor comes along, or the blacksmith when the car comes along.

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In fact, in my adult lifetime, I don't think I've ever seen people as fearful economically as they are right now.

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You pay a very high price in the stock market for a cheery consensus.

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The same things happen to quite an extent around the globe. I mean, the European banks were doing what the American banks were.

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The U.S. Treasury has got borrowing costs like nobody else has.

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I would say the biggest single cause was we had an incredible residential real estate bubble.

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If principles can become dated, they're not principles.

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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

We have embraced the 21st century by entering such cutting-edge industries as brick, carpet, insulation and paint. Try to control your excitement.

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Tags : Warren Buffett Quotes , Future Quotes , Cutting Quotes

Do not take yearly results too seriously. Instead, focus on four or five-year averages.

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Tags : Warren Buffett Quotes , Average Quotes , Years Quotes

The major asset in this category is gold, currently a huge favorite of investors who fear almost all other assets, especially paper money (of whose value, as noted, they are right to be fearful). Gold, however, has two significant shortcomings, being neither of much use nor procreative. True, gold has some industrial and decorative utility, but the demand for these purposes is both limited and incapable of soaking up new production. Meanwhile, if you own one ounce of gold for an eternity, you will still own one ounce at its end.

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I always knew I was going to be rich. I don't think I ever doubted it for a minute.

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It's nice to have a lot of money, but you know, you don't want to keep it around forever. I prefer buying things. Otherwise, it's a little like saving sex for your old age.

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You can't stand to see your neighbor getting rich. You know you're smarter than he is and he's doing these things and he's getting rich.

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With each investment you make, you should have the courage and the conviction to place at least ten per cent of your net worth in that stock

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Tags : Warren Buffett Quotes , Should Have Quotes , Investment Quotes

Risk is a part of God's game, alike for men and nations.

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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.

5 years ago

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