Warren Buffett Quotes, Safety Quotes, Needs Quotes

If you understood a business perfectly and the future of the business, you need very little in the way of a margin of safety.

5 years ago

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Tags : Warren Buffett Quotes , Safety Quotes , Needs Quotes

In the financial markets I find it easy to predict what will happen and very difficult to predict when it will happen. I think that things were clear during the bubble as to what would happen eventually.

5 years ago

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Tags : Warren Buffett Quotes , Thinking Quotes , Financial Quotes

I think people - what people want to do is make [economy] get worse.

5 years ago

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Tags : Warren Buffett Quotes , Thinking Quotes , People Quotes

We look for things I can understand. A lot of businesses I don't understand.

5 years ago

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Tags : Warren Buffett Quotes , Looks Quotes

Of one thing be certain: if a CEO is enthused about a particularly foolish acquisition, both his internal staff and his outside advisors will come up with whatever projections are needed to justify his stance. Only in fairy tales are emperors told that they are naked.

5 years ago

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Tags : Warren Buffett Quotes , Naked Quotes , Acquisition Quotes

The problem with commodities is that you are betting on what someone else would pay for them in six months. The commodity itself isn't going to do anything for you....it is an entirely different game to buy a lump of something and hope that somebody else pays you more for that lump two years from now than it is to buy something that you expect to produce income for you over time.

5 years ago

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Tags : Warren Buffett Quotes , Years Quotes , Games Quotes

Do what you would do for free, having passion for what you do is the most important thing.

5 years ago

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Tags : Warren Buffett Quotes , Passion Quotes , Important Quotes

My rather puritanical view is that any investment manager, whether operating as broker, investment counselor of a trust department, investment company, etc., should be willing to state unequivocally what he is going to attempt to accomplish and how he proposes to measure the extent to which he gets the job done.

5 years ago

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Tags : Warren Buffett Quotes , Jobs Quotes , Views Quotes

When Berkshire Hathaway laid out three billion dollars for GE today, we didn't spend it, we invested it. When the Federal government buys the mortgages, they're not spending it, they're investing it. Now, they're investing it in distress type assets but they're buying them at distress prices if they buy them at market. It's the kind of stuff I love to do. I just don't have 700 million. Maybe we could go in it together.

5 years ago

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Tags : Warren Buffett Quotes , Government Quotes , Together 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

It's just that right now the athlete's on the floor. But we - this is a super athlete.

5 years ago

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Tags : Warren Buffett Quotes , Athlete 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

Stop trying to predict the direction of the stock market, the economy or elections.

5 years ago

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Tags : Warren Buffett Quotes , Trying Quotes , Investing Quotes

It will be good for us in the long run, and I mean there are, you know, six and a half billion people in this world. And it's great for 300 million to keep enjoying more and more property, but I think it's terrific if, you know, the remainder do.

5 years ago

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Tags : Warren Buffett Quotes , Running Quotes , Mean Quotes

On his Giving Pledge philanthropy: The way I got the message out was to get a copy of FORBES, look down that 400 list and start making phone calls! Bill and Melinda [Gates] did the same thing. So keep publishing the list so I can milk it.

5 years ago

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Tags : Warren Buffett Quotes , Phones Quotes , Giving Quotes

We're paying maybe 25 percent of the income tax, but the payroll tax is over a third of the receipts of the federal government. And they don't take that from me on capital gains. They don't take that from me on dividends.

5 years ago

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Tags : Warren Buffett Quotes , Government Quotes , Payroll Tax Quotes

I look for businesses in which I think I can predict what they're going to look like in ten to fifteen years time. Take Wrigley's chewing gum. I don't think the internet is going to change how people chew gum.

5 years ago

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Tags : Warren Buffett Quotes , Thinking Quotes , Years Quotes

If you owe money, you can't pay them out. You just pay for everything, you do smart things, you eventually get very rich.

5 years ago

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Tags : Warren Buffett Quotes , Smart Quotes , Pay Quotes

We have provided capital here with a couple of institutions recently. The Federal government did that in the '30s for the RFC and I think there could well be a proper role for government in that.

5 years ago

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Tags : Warren Buffett Quotes , Couple Quotes , Thinking Quotes

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

5 years ago

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