Warren Buffett Quotes, Mistake Quotes, Twenties Quotes

The banking business is no favorite of ours. When assets are twenty times equity - a common ratio in this industry - mistakes that involve only a small portion of assets can destroy a major portion of equity. And mistakes have been the rule rather than the exception at many major banks.

5 years ago

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Tags : Warren Buffett Quotes , Mistake Quotes , Twenties Quotes

Never give up searching for the job that you’re passionate about. Try to find the job you’d have if you were independently rich. Forget about the pay. When you’re associating with the people that you love, doing what you love, it doesn’t get any better than that.

5 years ago

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

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

Sound investing can make you very wealthy if you're not in too big a hurry

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Tags : Warren Buffett Quotes , Sound Quotes , Investing Quotes

We're paying maybe 25 percent of the income tax, but the payroll tax is over a third of the receipts of the federal government. And they don't take that from me on capital gains. They don't take that from me on dividends.

5 years ago

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

You shouldn't own common stocks if a 50 per cent decrease in their value in a short period of time would cause you acute distress.

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Tags : Warren Buffett Quotes , Investing Your Time Quotes , Causes Quotes

House prices just soared beyond - beyond reason in many places and they got financed in silly ways, and people lied about loans, all kinds of accesses entered into it. But that is what - that is the single biggest cause of why we're here.

5 years ago

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Tags : Warren Buffett Quotes , Silly Quotes , People Quotes

We set no volume goals in our insurance business generally-and certainly not in reinsurance-as virtually any volume can be achieved if profitability standards are ignored.

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Tags : Warren Buffett Quotes , Goal Quotes , Ignored Quotes

You are lucky in life if you have the right heroes. I advise all of you, to the extent you can, to pick out a few heroes

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Tags : Warren Buffett Quotes , Hero Quotes , Lucky Quotes

Valuing a business is part art and part science.

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Tags : Warren Buffett Quotes , Art Quotes

I have pledged - to you, the rating agencies and myself - to always run Berkshire with more than ample cash. We never want to count on the kindness of strangers in order to meet tomorrow's obligations. When forced to choose, I will not trade even a night's sleep for the chance of extra profits.

5 years ago

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Tags : Warren Buffett Quotes , Running Quotes , Kindness Quotes

What motivates most gold purchasers is their belief that the ranks of the fearful will grow. During the past decade that belief has proved correct. Beyond that, the rising price has on its own generated additional buying enthusiasm, attracting purchasers who see the rise as validating an investment thesis. As 'bandwagon' investors join any party, they create their own truth - for a while.

5 years ago

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Tags : Warren Buffett Quotes , Party Quotes , Past Quotes

The real fortunes in this country have been made by people who have been right about the business they invested in, and not right about the timing of the stock market.

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Tags : Warren Buffett Quotes , Country Quotes , Real Quotes

I have never been able to understand why the tax comes as such a body blow to many people since the rate on long-term capital gain is lower than on most likes of endeavor (tax policy indicated digging ditches is regarded as socially less desirable than shuffling stock certificates).

5 years ago

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Tags : Warren Buffett Quotes , Blow Quotes , Long Quotes

If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value.

5 years ago

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Tags : Warren Buffett Quotes , Thinking Quotes , Years Quotes

I may have more money than you, but money doesn't make the difference. If there is any difference between you and me, it may simply be that I get up and have a chance to do what I love to do, every day. If you learn anything from me, this is the best advice I can give you.

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Tags : Warren Buffett Quotes , Differences Quotes , Giving Quotes

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

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Tags : Warren Buffett Quotes , Funny Quotes , Success Quotes

A hyperactive stock market is the pickpocket of enterprise.

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Tags : Warren Buffett Quotes , Investing Quotes

It's a nightmare to administer some of this sort of thing, but I want to tell the shareholders of Berkshire, to the percent we own marketable securities or things for which there are market, even if those markets - I want to tell them what it's all about.

5 years ago

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Tags : Warren Buffett Quotes , Want Quotes , Nightmare Quotes

If I were the treasury secretary or head of the Fed, you know, I would try to scare the hell the out of the private sector and say, you better save this because you're going down with the ship.

5 years ago

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Tags : Warren Buffett Quotes , Trying Quotes , Scare Quotes