Warren Buffett Quotes, Prayer Quotes, Differences Quotes

If you've got the power to raise prices without losing business to a competitor, you've got a very good business. And if you have to have a prayer session before raising the price by a tenth of a cent, then you've got a terrible business. I've been in both, and I know the difference.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Prayer Quotes , Differences 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

Message Copied

Tags : Warren Buffett Quotes , Naked Quotes , Acquisition Quotes

If you own the only newspaper in town, up until the last five years or so, you have pricing power and you didn't have to go to the office.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Years Quotes , Office Quotes

That goes back to 1932, although it was really implemented in '33 under Jesse Jones, and it invested in mostly banks initially and preferred stock and that sort of thing. So there are two things needed in the system, the one that's needed overwhelmingly is liquidity. I mean, when people are trying to [unintelligible], there has to be somebody there to buy.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Mean Quotes , Two Quotes

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.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Real Quotes , Believe Quotes

I have no idea on timing. It’s easier to tell what will happen than when it will happen. I would say that what is going on in terms of trade policy is going to have very important consequences.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Ideas Quotes , Important Quotes

You could take all the gold that's ever been mined, and it would fill a cube 67 feet in each direction. For what that's worth at current gold prices, you could buy all -- not some -- all of the farmland in the United States. Plus, you could buy 10 Exxon Mobils, plus have $1 trillion of walking-around money. Or you could have a big cube of metal. Which would you take? Which is going to produce more value?

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Feet Quotes , Gold Quotes

I think I could make you fifty percent a year on one million dollars. No, I know I could. I guarantee that.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Thinking Quotes , Years Quotes

Fund consultants like to require style boxes such as "long-short," "macro," "international equities." At Berkshire our only style box is "smart."

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Smart Quotes , Long Quotes

Like most trends, at the beginning it's driven by fundamentals, at some point speculation takes over. What the wise man does in the beginning, the fool does in the end.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Wise Quotes , Men Quotes

In a bull market, one must avoid the error of the preening duck that quacks boastfully after a torrential rainstorm, thinking that its paddling skills have caused it to rise in the world. A right-thinking duck would instead compare its position after the downpour to that of the other ducks on the pond.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Thinking Quotes , Errors Quotes

House prices just soared beyond - beyond reason in many places and they got financed in silly ways, and people lied about loans, all kinds of accesses entered into it. But that is what - that is the single biggest cause of why we're here.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Silly Quotes , People Quotes

During inflation, Goodwill is the gift that keeps on giving.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Vacation Quotes , Giving Quotes

You don't have to be a genius to invest well

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Genius Quotes

A very rich person should leave his kids enough to do anything, but not enough to do nothing.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Children Quotes , Kids Quotes

I never invest in anything that I don't understand.

5 years ago

Message Copied

Tags : Warren Buffett Quotes

If you don't make mistakes you can't make decisions.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Mistake Quotes , Decision Quotes

Take Wrigley's Chewing Gum. I don't think the Internet is going to change how people chew gum.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Thinking Quotes , People Quotes

I'm putting all my money in the Chinese toy market.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Chinese Quotes

Everybody's got a different circle of competence. The important thing is not how big the circle is. The important thing is staying inside the circle.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Circles Quotes , Important Quotes