Warren Buffett Biography

Warren Buffett, Businessman

Born as	Warren Edward Buffett
Known as	Oracle of Omaha
Occup.	Businessman
From	USA
Born	August 30, 1930 Omaha, Nebraska, U.S.
Age	94 years

Warren Edward Buffett is an American financier and entrepreneur. With the label "Oracle of Omaha" Buffett has actually built up a substantial fortune from sharp investments, mostly via the business Berkshire Hathaway, where he owns a regulating rate of interest. With a ton of money approximated in 2010 at 47 billion united state bucks (279 billion), he is placed by the financial magazine "Forbes" as the globe's third richest individual.

Despite his wealth, Buffett popular for his straightforward living. He still resides in the same country house in Omaha, Nebraska that he acquired in 1957 for 31,500 dollars. Buffett's cost as chairman, "Berkshire Hathaway" of 100 000 bucks a year (regarding 650 000) are extremely modest by American standards.

In June 2006, Buffett introduced in an interview with Fortune publication that he plans to give away the majority of his ton of money to the Expense & Melinda Gates Structure, a philanthropic foundation regulated by Costs Gates and his wife Melinda Gates. The Foundation will certainly over the following year to get a donation in the order of 40 billion dollars.

Our collection contains 52 quotes who is written / told by Warren.

Related authors: Melinda Gates (Clergyman), Lawrence Taylor (Athlete)

Warren Buffett Famous Works:

1997 The Essays of Warren Buffett: Lessons for Corporate America (Book)
1965 Berkshire Hathaway Letters to Shareholders (Book)

Source / external links:

Wikipedia

52 Famous quotes by Warren Buffett

"Time is the friend of the wonderful company, the enemy of the mediocre"

Warren Buffett

"I have always been a fan of Coca-Cola. I think it has the best taste of any soft drink"

Warren Buffett

"I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over"

Warren Buffett

"In the business world, the rearview mirror is always clearer than the windshield"

Warren Buffett

"If past history was all there was to the game, the richest people would be librarians"

Warren Buffett

"Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks"

Warren Buffett

"It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction"

Warren Buffett

"I buy expensive suits. They just look cheap on me"

Warren Buffett

"I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years"

Warren Buffett

"I just think that - when a country needs more income and we do, we're only taking in 15 percent of GDP, I mean, that - that - when a country needs more income, they should get it from the people that have it"

Warren Buffett

"If a business does well, the stock eventually follows"

Warren Buffett

"I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here"

Warren Buffett

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

Warren Buffett

"Chains of habit are too light to be felt until they are too heavy to be broken"

Warren Buffett

"The only time to buy these is on a day with no "y" in it"

Warren Buffett

"Only when the tide goes out do you discover who's been swimming naked"

Warren Buffett

"There seems to be some perverse human characteristic that likes to make easy things difficult"

Warren Buffett

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

Warren Buffett

"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price"

Warren Buffett

"Beware of geeks bearing formulas"

Warren Buffett

"If anything, taxes for the lower and middle class and maybe even the upper middle class should even probably be cut further. But I think that people at the high end - people like myself - should be paying a lot more in taxes. We have it better than we've ever had it"

Warren Buffett

"When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact"

Warren Buffett

"Your premium brand had better be delivering something special, or it's not going to get the business"

Warren Buffett

"We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'"

Warren Buffett

"Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway"

Warren Buffett

"I think the most important factor in getting out of the recession actually is just the regenerative capacity of - of American capitalism"

Warren Buffett

"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"

Warren Buffett

"Value is what you get"

Warren Buffett

"Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value"

Warren Buffett

"We always live in an uncertain world. What is certain is that the United States will go forward over time"

Warren Buffett

"We enjoy the process far more than the proceeds"

Warren Buffett

"Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation"

Warren Buffett

"Derivatives are financial weapons of mass destruction"

Warren Buffett

"The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective"

Warren Buffett

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

Warren Buffett

"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"

Warren Buffett

"Risk comes from not knowing what you're doing"

Warren Buffett

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

Warren Buffett

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

Warren Buffett

"In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497"

Warren Buffett

"Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We'll break out of it. It takes time"

Warren Buffett

"A public-opinion poll is no substitute for thought"

Warren Buffett

"It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently"

Warren Buffett

"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"

Warren Buffett

"The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves-and the better the teacher, the better the student body"

Warren Buffett

"Price is what you pay. Value is what you get"

Warren Buffett

"Our favorite holding period is forever"

Warren Buffett

"Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years"

Warren Buffett

"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"

Warren Buffett

"Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it"

Warren Buffett

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