Warren Buffett Quotes, People Quotes, Guy Quotes

I would push purchasing power - you push out $1,000 of purchasing to those people, it's going to get - it's going to get spent. And it needs to be spent. They need it. And it should come, to some extent, from guys like me.

5 years ago

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Tags : Warren Buffett Quotes , People Quotes , Guy Quotes

I've seen more people fail because of liquor and leverage -- leverage being borrowed money. You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing.

5 years ago

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

I do not like debt and do not like to invest in companies that have too much debt, particularly long-term debt. With long-term debt, increases in interest rates can drastically affect company profits and make future cash flows less predictable.

5 years ago

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Tags : Warren Buffett Quotes , Cash Flow Quotes , Long Quotes

If book knowledge made great investors, than the librarians would all be rich.

5 years ago

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Tags : Warren Buffett Quotes , Book Quotes , Rich Quotes

I have got this letter which actually goes out the day after I die. It has already been written. And it says that: "Yesterday I died". And then it says: "That's bad news for me, but it's not bad news for you, the shareholders of Berkshire". And then I go on and explain what is going to happen. I know that is one time when they will be really interested in hearing from me.

5 years ago

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Tags : Warren Buffett Quotes , Yesterday Quotes , News Quotes

If you cannot control your emotions, you cannot control your money.

5 years ago

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Tags : Warren Buffett Quotes , Emotion Quotes

In the search [of a deal], we adopt the same attitude one might find appropriate in looking for a spouse: It pays to be active, interested, and open-minded, but it does not pay to be in a hurry.

5 years ago

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Tags : Warren Buffett Quotes , Attitude Quotes , Doe Quotes

Our policy is to concentrate holdings. We try to avoid buying a little of this or that when we are only lukewarm about the business or its price. When we are convinced as to attractiveness, we believe in buying worthwhile amounts.

5 years ago

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Tags : Warren Buffett Quotes , Believe Quotes , Trying Quotes

Do not take yearly results too seriously. Instead, focus on four or five-year averages.

5 years ago

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Tags : Warren Buffett Quotes , Average Quotes , Years Quotes

Over the years, Charlie [Munger, Berkshire Hathaway Vice Chairman] and I have observed many accounting-based frauds of staggering size. Few of the perpetrators have been punished; many have not even been censured. It has been far safer to steal large sums with pen than small sums with a gun.

5 years ago

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Tags : Warren Buffett Quotes , Gun Quotes , Years Quotes

If you can eliminate the government as a 39.6% partner, then you will be much better off.

5 years ago

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Tags : Warren Buffett Quotes , Government Quotes , Investing Quotes

I've already written a section in the annual report for next year explaining why I think in one case that the figures on our balance sheet as calculated are wrong. But it's the standard way of doing it. It's holy writ. The SEC wants us to do it that way, and we'll do it that way, and I'll explain why I think it's wrong and shareholders can read it and see whether they agree with my logic or don't.

5 years ago

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Tags : Warren Buffett Quotes , Thinking Quotes , Years Quotes

it's a good idea to review past mistakes before committing new ones.

5 years ago

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Tags : Warren Buffett Quotes , Mistake Quotes , Past Quotes

After 25 years of buying and supervising a great variety of businesses, Charlie [Munger] and I have not learned how to solve difficult business problems. What we have learned is to avoid them. To the extent we have been successful, it is because we have concentrated on identifying one-foot hurdles that we could step over rather than because we acquired any ability to clear seven-footers.

5 years ago

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Tags : Warren Buffett Quotes , Successful Quotes , Feet Quotes

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

5 years ago

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Tags : Warren Buffett Quotes , Bridges Quotes , Principles 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

It is easier to rationalize than it is to be rational.

5 years ago

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Tags : Warren Buffett Quotes , Easier Quotes , Rational Quotes

The U.S. Treasury has got borrowing costs like nobody else has.

5 years ago

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Tags : Warren Buffett Quotes , Cost Quotes , Treasury Quotes

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.

5 years ago

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Tags : Warren Buffett Quotes , Running Quotes , War Quotes

Every company that has an economist working for him has one employee too many.

5 years ago

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Tags : Warren Buffett Quotes , Employee Quotes , Economist Quotes