Warren Buffett
Warren Buffett
Warren Edward Buffett is an American business magnate, investor and philanthropist. He is considered by some to be one of the most successful investors in the world. Buffett is the chairman, CEO and largest shareholder of Berkshire Hathaway, and is consistently ranked among the world's wealthiest people. He was ranked as the world's wealthiest person in 2008 and as the third wealthiest in 2015. In 2012 Time named Buffett one of the world's most influential people...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth30 August 1930
CityOmaha, NE
CountryUnited States of America
Charlie [Munger] and I are not big fans of resumes. Instead, we focus on brains, passion and integrity.
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.
Never test the depth of river with both the feet.
Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.
Accounting is the language of business.
Never depend on a single source of income.
Investing is simple, but not easy.
I read annual reports of the company I'm looking at and I read the annual reports of the competitors - that is the main source of material.
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.
Money will always flow toward opportunity, and there is an abundance of that in America.
Buy into a company because you want to own it, not because you want the stock to go up.
The .350 hitter expects, and also deserves, a big payoff for his performance - even if he plays for a cellar-dwelling team. And a .150 hitter should get no reward - even if he plays for a pennant winner.
I'm happy when I can spend every day doing the things that I like to do. That's my luxury.
I look at everything. That's my job. I really do, every day. I think about everything.