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.
"Time is the friend of the wonderful company, the enemy of the mediocre"
"I have always been a fan of Coca-Cola. I think it has the best taste of any soft drink"
"I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over"
"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"
"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"
"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"
"The only time to buy these is on a day with no "y" in it"
"Why not invest your assets in the companies you really like? As Mae West said, "Too much of a good thing can be wonderful""
"If a business does well, the stock eventually follows"
"I think the most important factor in getting out of the recession actually is just the regenerative capacity of - of American capitalism"
"Your premium brand had better be delivering something special, or it's not going to get the business"
"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.'"
"I buy expensive suits. They just look cheap on me"
"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"
"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price"
"Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway"
"Value is what you get"
"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"
"There seems to be some perverse human characteristic that likes to make easy things difficult"
"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"
"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"
"Price is what you pay. Value is what you get"
"Our favorite holding period is forever"
"Only when the tide goes out do you discover who's been swimming naked"
"Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years"
"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"
"Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it"
"Let blockheads read what blockheads wrote"
"It's never paid to bet against America. We come through things, but its not always a smooth ride"
"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"
"I always knew I was going to be rich. I don't think I ever doubted it for a minute"
"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"
"Derivatives are financial weapons of mass destruction"
"Chains of habit are too light to be felt until they are too heavy to be broken"
"We always live in an uncertain world. What is certain is that the United States will go forward over time"
"We enjoy the process far more than the proceeds"
"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"
"Risk comes from not knowing what you're doing"
"When you combine ignorance and leverage, you get some pretty interesting results"
"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1"
"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"
"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"
"The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective"
"Risk is a part of God's game, alike for men and nations"
"Beware of geeks bearing formulas"
"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"
"A public-opinion poll is no substitute for thought"
"It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently"
"In the business world, the rearview mirror is always clearer than the windshield"
"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"
