Warren Buffett Quotes, Creativity Quotes, People Quotes

There are three kinds of people: 1. Innovators. 2. Imitators. 3. Idiots.

5 years ago

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Tags : Warren Buffett Quotes , Creativity Quotes , People Quotes

I wouldn't want to manufacture cigarettes. But if I owned - we do own Costco. Do they sell them? Yes. So I don't have a problem owning stock in that. But I just wouldn't want to - I wouldn't want to do it myself. I basically think, if anything is sufficiently antisocial, society should do something about it. But that's a separate question. But - and I don't think there's any company that I have seen that's 100 percent pure.

5 years ago

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Tags : Warren Buffett Quotes , Thinking Quotes , Problem Quotes

My net worth is the market value of holdings less the tax payable upon sale. The liability is just as real as the asset unless the value of the asset declines (ouch), the asset is given away (no comment), or I die with it. The latter course of action would appear to at least border on a Pyrrhic victory.

5 years ago

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Tags : Warren Buffett Quotes , Real Quotes , Victory Quotes

If you were at Lehman, the same thing happened. If you were at AIG, the shareholders are getting creamed on these things. And those shareholders are not just a bunch of big shots in Wall Street. Those are pension funds, and those are investors all over the country. I wouldn't worry too much about that. Justice won't be perfect on it.

5 years ago

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Tags : Warren Buffett Quotes , Country Quotes , Wall Quotes

With enough insider information and a million dollars, you can go broke in a year.

5 years ago

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Tags : Warren Buffett Quotes , Years Quotes , Dollars Quotes

Equities will do well over time - you just have to avoid getting excited when other people are getting excited.

5 years ago

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Tags : Warren Buffett Quotes , People Quotes , Excited Quotes

Our approach is very much profiting from lack of change rather than from change.

5 years ago

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Tags : Warren Buffett Quotes , Investing Money Quotes , Gum Quotes

The American economy is going to do fine. But it won't do fine every year and every week and every month. I mean, if you don't believe that, forget about buying stocks anyway... It's a positive-sum game, long term. And the only way an investor can get killed is by high fees or by trying to outsmart the market.

5 years ago

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Tags : Warren Buffett Quotes , Believe Quotes , Mean 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

Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.

5 years ago

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Tags : Warren Buffett Quotes , Temptation Quotes , Investing Quotes

Never lie under any circumstances.

5 years ago

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Tags : Warren Buffett Quotes , Life Quotes , Lying Quotes

Investing is laying out money now to get more money back in the future.

5 years ago

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Tags : Warren Buffett Quotes , Investing Quotes

A contrarian approach is just as foolish as a follow-the-crowd strategy. What's required is thinking rather than polling.

5 years ago

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Tags : Warren Buffett Quotes , Thinking Quotes , Crowds Quotes

With a wonderful business, you can figure out what will happen; you can't figure out when it will happen. You don't want to focus on when, you want to focus on what. If you're right about what, you don't have to worry about when

5 years ago

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Tags : Warren Buffett Quotes , Worry Quotes , Focus Quotes

I am a better investor because I am a businessman, and a better businessman because I am no investor.

5 years ago

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Tags : Warren Buffett Quotes , Business Quotes , Investing Quotes

I've never been very fully employed either but just think of what it's like, you know, to go home with a mortgage payment you know and kids and everything else. My dad had that happen to him in the early '30s.

5 years ago

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Tags : Warren Buffett Quotes , Dad Quotes , Home Quotes

I mean, if Pearl Harbor came along, you could have said the planning was wrong by the military ahead of time or maybe the battleships shouldn't have all been in the harbor and all that kind of thing.

5 years ago

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Tags : Warren Buffett Quotes , Military Quotes , Mean Quotes

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.

5 years ago

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Tags : Warren Buffett Quotes , Microsoft Quotes , Mail Quotes

My father was the best person i've ever known.

5 years ago

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Tags : Warren Buffett Quotes , Inspirational Quotes , Motivational Quotes

I've made money over the years by buying into good companies, run by good people, at attractive prices. And I don't try and make it out of buying into the market at one point and selling at another point.

5 years ago

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Tags : Warren Buffett Quotes , Running Quotes , Years Quotes