Warren Buffett Quotes, Thinking Quotes, Problem 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

It's going to be tough because the economy is going to be getting worse for a while. And it might fall off a cliff if this doesn't pass. But nobody will ever know that if it does.

5 years ago

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Tags : Warren Buffett Quotes , Fall Quotes , Doe Quotes

The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball.

5 years ago

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

Beware [of] the investment activity that produces applause; the great moves are usually greeted by yawns.

5 years ago

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Tags : Warren Buffett Quotes , Moving Quotes , Investment Quotes

It is unquestionably true that the investment companies have their money more conventionally invested than we do. To many people conventionality is indistinguishable from conservatism. In my view, this represents erroneous thinking. Neither a conventional nor an unconventional approach, per se, is conservative.

5 years ago

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Tags : Warren Buffett Quotes , Thinking Quotes , Views Quotes

The range of derivatives contracts is limited only by the imagination of man (or sometimes, so it seems, madmen). Say you want to write a contract speculating on the number of twins to be born in Nebraska in 2020. No problem-at a price, you will easily find an obliging counterparty.

5 years ago

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Tags : Warren Buffett Quotes , Business Quotes , Writing Quotes

Buy a cross section of American industry, and if a cross section of American industry doesn't work, certainly trying to pick the little beauties here and there isn't going to work either.

5 years ago

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Tags : Warren Buffett Quotes , Trying Quotes , Littles Quotes

Always invest for the long term.

5 years ago

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Tags : Warren Buffett Quotes , Long Quotes , Investing Quotes

Asking for financial advice from a financial planner is like asking a barber if you need a hair cut.

5 years ago

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Tags : Warren Buffett Quotes , Cutting Quotes , Hair Quotes

I know the country works extremely well. You know, but when it isn't clogged up.

5 years ago

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Tags : Warren Buffett Quotes , Country Quotes , Wells Quotes

The stock market is a no-called-strike game. You don’t have to swing at everything – you can wait for your pitch.

5 years ago

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Tags : Warren Buffett Quotes , Swings Quotes , Games Quotes

[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.

5 years ago

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Tags : Warren Buffett Quotes , People Quotes , Gold Quotes

It's easy to identify many investment managers with great recent records. But past results, though important, do not suffice when prospective performance is being judged. How the record has been achieved is crucial.

5 years ago

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Tags : Warren Buffett Quotes , Past Quotes , Important Quotes

Good profits simply are not inconsistent with good behavior.

5 years ago

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Tags : Warren Buffett Quotes , Life Quotes , Generosity Quotes

We are in effect making a - to some extent, making a choice between future inflation and getting our - getting off the floor. And we're likely - we're likely to have more inflation in the future as a consequence of the things we do to fight the present situation.

5 years ago

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Tags : Warren Buffett Quotes , Fighting Quotes , Choices Quotes

We've seen what can be accomplished when we use 50% of our human capacity. If you visualize what 100% can do, you'll join me as an unbridled optimist about America's future.

5 years ago

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Tags : Warren Buffett Quotes , Capacity Quotes , Accomplish Quotes

We have a country where I don't know whether it's a million households a year or more, but good form.

5 years ago

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Tags : Warren Buffett Quotes , Country Quotes , Years Quotes

If a business does well, the stock eventually follows.

5 years ago

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Tags : Warren Buffett Quotes , Business Quotes , War Quotes

A pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons: First, many in Wall Street (a community in which quality control is not prized) will sell investors anything they will buy. Second, speculation is most dangerous when it looks easiest.

5 years ago

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Tags : Warren Buffett Quotes , Wall Quotes , Lying Quotes

Yeah, we don't consider many stupid things. I mean, we get rid of 'em fast...Just getting rid of the nonsense -- just figuring out that if people call you and say, 'I've got this great, wonderful idea', you don't spend 10 minutes once you know in the first sentence that it isn't a great, wonderful idea...Don't be polite and go through the whole process.

5 years ago

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Tags : Warren Buffett Quotes , Stupid Quotes , Mean Quotes