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.
You can't produce a baby in one month by getting nine women pregnant.
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.
If you lose money for the firm, I will be forgiving. If you lose reputation, I will be ruthless.
Eddie is a very smart guy, but putting Kmart and Sears together is a tough hand.
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.
An IPO is like a negotiated transaction - the seller chooses when to come public - and it's unlikely to be a time that's favourable to you.
Life is like a snowball. The important thing is finding wet snow and a really long hill.
I think the worst mistake you can make in stocks is to buy or sell based on current headlines,
it's a good idea to review past mistakes before committing new ones.
The greater the potential for reward in the value portfolio, the less risk there is.
You should invest like a Catholic marries: for life.
The ideal business is one that earns very high returns on capital and that keeps using lots of capital at those high returns. That becomes a compounding machine.