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
I always knew I was going to be rich. I don't think I ever doubted it for a minute.
If you lose money for the firm, I will be forgiving. If you lose reputation, I will be ruthless.
I've never seen a system as good as Coke has now.
Right now, the rest of the world owns $3 trillion US more of us than we own of them.
The burden of paying Helpers may cause American equity investors, overall, to earn only 80 percent or so of what they would earn if they just sat still and listened to no one.
Eddie is a very smart guy, but putting Kmart and Sears together is a tough hand.
I think it is a marvelous way to keep directors' interests and shareholders interests as closely aligned as possible, with both an upside and a downside component. Too often, people talk about interests being aligned when the directors get the upside and shareholders get the downside.
Outstanding long-term results are produced primarily by avoiding dumb decisions, rather than by making brilliant ones.
It's better to hang out with people better than you, ... Pick out associates whose behavior is better than yours and you'll drift in that direction.
I am a bull on sterling versus the U.S. dollar.
It makes no difference to a widow with her savings in a 5 percent passbook account whether she pays 100 percent income tax on her interest income during a period of zero inflation or pays no income tax during years of 5 percent inflation. Either way, she is 'taxed' in a manner that leaves her no real income whatsoever. Any money she spends comes right out of capital. She would find outrageous a 100 percent income tax but doesn't seem to notice that 5 percent inflation is the economic equivalent.
Activity is the enemy of investment returns.
The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table.
Look for companies with high profit margins.