Warren Buffett Quotes, America Quotes, Smooth Quotes

It's never paid to bet against America. We come through things, but its not always a smooth ride.

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Honesty is a very expensive gift, Don't expect it from cheap people.

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I learned to go into business only with people whom I like, trust, and admire.

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Cash never makes us happy, but it's better to have the money burning a hole in Berkshire's pocket than resting comfortably in someone else's.

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

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Would you rather be the world's greatest lover, but have everyone think you're the world's worst lover? Or would you rather be the world's worst lover but have everyone think you're the world's greatest lover? Now, that's an interesting question.

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Energy deregulation will be the largest transfer of wealth in history.

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

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I’ve worked in an economy that rewards someone who saves the lives of others on a battlefield with a medal, rewards a great teacher with thank-you notes from parents, but rewards those who can detect the mispricing of securities with sums reaching into the billions.

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Market prices for stocks fluctuate at great amplitudes around intrinsic value but, over the long term, intrinsic value is virtually always reflected at some point in market price.

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Tags : Warren Buffett Quotes , Long Quotes , Intrinsic Value Quotes

In that, we agreed with Andrew Carnegie, who said that huge fortunes that flow in large part from society should in large part be returned to society. In my case, the ability to allocate capital would have had little utility unless I lived in a rich, populous country in which enormous quantities of marketable securities were traded and were sometimes ridiculously mispriced. And fortunately for me, that describes the U.S. in the second half of the last century.

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We're perfectly willing to trade away a big payoff for a certain payoff.

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The woman that comes in, takes the wastebasket away, she's paying 15.3 or whatever it is on payroll tax alone. I mean it is - I never had it so good.

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

If you can't read the scoreboard. You don't know the score. If you don't know the score, you can't tell the winners from the losers.

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Tags : Warren Buffett Quotes , Loser Quotes , Winner Quotes

We say we are trying to buy into businesses with excellent economics, run by honest and able people at a decent price. We buy very few securities, so we look at it as "focused" investing.

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It's the deleveraging that's going on right now that has caused the credit crisis.

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Our favorite holding period is forever.

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In other words, the percentage change in book value in any given year is likely to be reasonably close to that year's change in intrinsic value.

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You get what I call the natural progression, the three Is. The innovators, the imitators, and the idiots.

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Tags : Warren Buffett Quotes , Three Quotes , Idiot Quotes

Lethargy bordering on sloth remains the cornerstone of our investment style. The exception was Wells Fargo, a superbly-managed, high-return banking operation in which we increased our ownership to just under 10%, the most we can own without the approval of the Federal Reserve Board.

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Tags : Warren Buffett Quotes , Sloth Quotes , Style Quotes