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

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Tags : Warren Buffett Quotes , Prayer Quotes , Differences Quotes

We have usually made our best purchases when apprehensions about some macro event were at a peak. Fear is the foe of the faddist, but the friend of the fundamentalist.

5 years ago

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Tags : Warren Buffett Quotes , Events Quotes , Made Quotes

A prediction about the direction of the stock market tells you nothing about where stocks are headed, but a whole lot about the person doing the predicting.

5 years ago

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Tags : Warren Buffett Quotes , Investing Quotes , Predictions 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

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

AIG would be doing fine today. It was one of the ten largest companies in the United States in terms of market value, over 200 billion, the most respected insurer and everything in the world.

5 years ago

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Tags : Warren Buffett Quotes , World Quotes , Today 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

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

Stocks of companies selling commodity-like products should come with a warning label: "Competition may prove hazardous to human wealth".

5 years ago

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Tags : Warren Buffett Quotes , Competition Quotes , May Quotes

I will do anything that is basically covered by the law to reduce Berkshire's tax rate. For example, on wind energy, we get a tax credit if we build a lot of wind farms. That's the only reason to build them. They don't make sense without the tax credit.

5 years ago

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Tags : Warren Buffett Quotes , Wind Farms Quotes , Law Quotes

You will be right, over the course of many transactions, if your hypotheses are correct, your facts are correct, and your reasoning is correct. True conservatism is only possible through knowledge and reason.

5 years ago

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Tags : Warren Buffett Quotes , Facts Quotes , Reason Quotes

Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.

5 years ago

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

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 , People Quotes

We really can say no in 10 seconds or so to 90%+ of all the things that come along simply because we have these filters.

5 years ago

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Tags : Warren Buffett Quotes , Filters Quotes , Investing Quotes

People do, as long as you have markets, you'll have excesses.

5 years ago

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Tags : Warren Buffett Quotes , Long Quotes , People Quotes

The smartest side to take in a bidding war is the losing side.

5 years ago

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Tags : Warren Buffett Quotes , War Quotes , Bidding 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.

5 years ago

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Tags : Warren Buffett Quotes , Loser Quotes , Winner Quotes

When bills come due, only cash is legal tender. Don't leave home without it.

5 years ago

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Tags : Warren Buffett Quotes , Home Quotes , Cash 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

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

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Tags : Warren Buffett Quotes , Years Quotes , Office Quotes