Warren Buffett, fully Warren Edward Buffett, aka Oracle of Omaha

Warren
Buffett, fully Warren Edward Buffett, aka Oracle of Omaha
1930

American Businessman, Investor and Philanthropist, Chairman and CEO of Berkshire Hathaway

Author Quotes

When you build a bridge, you insist it can carry 30,000 pounds, but you only drive 10,000-pound trucks across it. And that same principle works in investing.

You do not adequately protect yourself by being half awake when other are sleeping.

This merger is going to create the greatest consumer products company in the world.

We do not view the company itself as the ultimate owner of our business assets but instead view the company as a conduit through which our shareholders own assets.

We're still in a recession. We're not gonna be out of it for a while, but we will get out.

When you combine ignorance and leverage, you get some pretty interesting results.

You do things when the opportunities come along. I’ve had periods in my life when I’ve had a bundle of ideas come along, and I’ve had long dry spells. If I get an idea next week, I’ll do something. If not, I won’t do a damn thing.

Those who attended [the annual meeting] last year saw your Chairman pitch to Ernie Banks. This encounter proved to be the titanic duel that the sports world had long awaited. After the first few pitches—which were not my best, but when have I ever thrown my best?—I fired a brush-back at Ernie just to let him know who was in command. Ernie charged the mound, and I charged the plate. But a clash was avoided because we became exhausted before reaching each other.

We don’t get paid for activity, just for being right. As to how long we’ll wait, we’ll wait indefinitely.

We've long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children.

Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.

You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.

The war on terrorism can never be won.

Time is like water from a running faucet, you will never see it again.

We don’t have to be smarter than the rest, we have to be more disciplined than the rest.

We've used derivatives for many, many years. I don't think derivatives are evil, per se, I think they are dangerous. ...So we use lots of things daily that are dangerous, but we generally pay some attention to how they're used. We tell the cars how fast they can go.

Why not invest your assets in the companies you really like? As Mae West said, “Too much of a good thing can be wonderful”.

You have to learn to understand your partner, to be tolerant, sympathetic, encouraging. Those are skills that are not bad to have in life.

The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money. Think airlines. Here a durable competitive advantage has proven elusive ever since the days of the Wright Brothers. Indeed, if a farsighted capitalist had been present at Kitty Hawk, he would have done his successors a huge favor by shooting Orville down.

Time is the enemy of the poor business and the friend of the great business. If you have a business that's earning 20%-25% on equity, time is your friend. But time is your enemy if your money is in a low return business.

We enjoy the process far more than the proceeds.

We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II.

Wide diversification is only required when investors do not understand what they are doing.

You know ... you keep doing the same things and you keep getting the same result over and over again.

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.

Author Picture
First Name
Warren
Last Name
Buffett, fully Warren Edward Buffett, aka Oracle of Omaha
Birth Date
1930
Bio

American Businessman, Investor and Philanthropist, Chairman and CEO of Berkshire Hathaway