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Warren Buffett

Buffett speaking to students from the Kansas University School of Business, May 6, 2005
Born Warren Edward Buffett
August 30, 1930 (1930-08-30) (age 79)
Omaha, Nebraska, U.S.
Nationality American
Alma mater University of Pennsylvania
University of Nebraska–Lincoln
Columbia University
Occupation Chairman & CEO, Berkshire Hathaway
Salary US$100,000[1]
Net worth US$47 billion (2010)[2]
Spouse(s) Susan Thompson Buffett (1952–2004) (deceased),
Astrid Menks (2006–)[3]
Children Susan Alice Buffett,
Howard Graham Buffett,
Peter Andrew Buffett
.Warren Edward Buffett (born August 30, 1930) is an American investor, businessman, and philanthropist.^ Buffett was born August 30, 1930 in Omaha, Nebraska.

^ I am an investor and follow Buffett - his recent purchases have been in Goldman Sachs, General Electric, American Express, Wells Fargo, Coca-Cola, Gillette, etc.
  • Warren Buffett: "Our first stimulus bill...was sort of like taking half a tablet of Viagra" - Hit & Run : Reason Magazine 28 January 2010 2:02 UTC reason.com [Source type: General]

^ BYD, which stands for Build Your Dreams, has the backing of billionaire investor Warren Buffett.

.He is one of the most successful investors in the world, the primary shareholder and CEO of Berkshire Hathaway.^ He is the legendary chairman and CEO of Berkshire Hathaway.

^ Berkshire Hathaway annual shareholder meeting.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ He's got to be the world's most celebrated investor.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

[4]
.Buffett is called the "Oracle of Omaha"[5] or the "Sage of Omaha"[6] and is noted for his adherence to the value investing philosophy and for his personal frugality despite his immense wealth.^ Warren Buffett (aka the “Oracle of Omaha” or the “Sage of Omaha”), is one of the richest men in the world.

^ Do you personally know anyone who has ever successfully built wealth mostly from investing primarily in stocks, bonds, mutual funds, and/or index funds?
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ I am confident we could now call Mr. Buffet the ‘Oligarch from Omaha’ not the ‘Oracle Of Omaha’… He’s a market creator, maker and mover; not some type of Sion.
  • Warren Buffett And The G20 « The Baseline Scenario 2 February 2010 11:19 UTC baselinescenario.com [Source type: General]

[7] .Buffett is also a notable philanthropist, having pledged to give away 85 percent of his fortune to the Gates Foundation.^ Warren Buffett: Major Philanthropist and Opponent of Estate Tax …Think Progress, DC - Jun 26, 2006Warren Buffett, the world s second-richest man, announced this week that he plans to give away 85 percent of his $44 billion fortune to charity.
  • Think Progress » Warren Buffett: Major Philanthropist and Opponent of Estate Tax Repeal 2 February 2010 11:19 UTC thinkprogress.org [Source type: General]

^ He is giving most of the money to the charitible foundation started by Bill Gates and his wife.

^ What an inspiration he is; and to be so selfless as to give his fortune away toward the greater good of mankind is an amazing display of compassion.
  • Poor Warren Buffett » BibleStudy.net – Bible Teaching, Preaching, & Study 2 February 2010 11:19 UTC www.biblestudy.net [Source type: Original source]

He also serves as a member of the board of trustees at Grinnell College.[8] .Warren Buffett currently sits third on the list of the world's richest people.^ Warren Buffett is the richest man in the world.
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

^ Think about that, the third richest man in the world (second richest in America) speaking at a fundraiser that raised a cool million buck for a very wealthy woman - nice trick old Warren turned with that one!
  • TaxProf Blog: Warren Buffet Pays 17.7% Tax Rate; His Employees Pay 32.9% 28 January 2010 2:02 UTC taxprof.typepad.com [Source type: General]

^ Warren Buffett became one of the wealthiest people in the world by making predictions and putting money behind those predictions.
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

[9]

Contents

Early life

.Buffett was born in Omaha, Nebraska, the second of three children and only son of Leila (née Stahl) and businessman/politician Howard Buffett.^ Buffett was born August 30, 1930 in Omaha, Nebraska.

^ Welcome back, everyone, to this special edition of SQUAWK BOX. We are live in Omaha, Nebraska, and we are fortunate enough to be joined this morning with Warren Buffett.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

^ CARL QUINTANILLA, co-anchor (Beijing): But first we're going to start with the man of the hour, Beck--actually, he's the man of three hours--Warren Buffett with you in Omaha.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

[10]
.Buffett began his education at Rose Hill Elementary School in Omaha.^ Also, had there been a gifted program in school at that time that meets Mr Buffett's educational needs, may be Mr Buffet would not have found school a problem or got bored in class.
  • Class Struggle - Why gifted classes are not enough: the Warren Buffett case 2 February 2010 11:19 UTC voices.washingtonpost.com [Source type: General]

^ Tags: Morton Sherman , Warren Buffett , gifted class discrimination , gifted education , home schooling Share This: E-Mail .
  • Class Struggle - Why gifted classes are not enough: the Warren Buffett case 2 February 2010 11:19 UTC voices.washingtonpost.com [Source type: General]

.In 1942 his father was elected to the first of four terms in Congress and after moving with his family to Washington, D.C., Warren finished elementary school, attended junior high school, and graduated from Woodrow Wilson High School.^ If anyone remembers from high School Government Class, Congress controls the Government Checkbook not the White House.
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

^ After my last child graduated from high school I went to visit my dad's sisters, who I hardly knew.
  • Warren Buffett disowns his granddaughter - Dealbreaker - A Wall Street Tabloid - Business News Headlines and Financial Gossip 28 January 2010 2:02 UTC dealbreaker.com [Source type: General]

[11]
.Buffett entered college in 1947 at the Wharton School of the University of Pennsylvania (1947–49).^ Warren Buffett attended the University of Nebraska, then transferred to the University of Pennsylvania.

^ Challenge Index Schools & Learning Tomorrow's Critics College Toolkit Search Local Schools Search D.C.'s Charters Why gifted classes are not enough: the Warren Buffett case .
  • Class Struggle - Why gifted classes are not enough: the Warren Buffett case 2 February 2010 11:19 UTC voices.washingtonpost.com [Source type: General]

.After two years he transferred to the University of Nebraska–Lincoln, where in 1950, at the age of nineteen, he finished his studies for a B.S. in Economics.^ Didn't you yourself report on a study a year or two ago that showed that gifted kids make up a ridiculously high percentage of dropouts?
  • Class Struggle - Why gifted classes are not enough: the Warren Buffett case 2 February 2010 11:19 UTC voices.washingtonpost.com [Source type: General]

^ Warren Buffett attended the University of Nebraska, then transferred to the University of Pennsylvania.

[12]
.Even as a child Buffett displayed an interest in making and saving money.^ I can make that money that back in interest alone.
  • TaxProf Blog: Warren Buffet Pays 17.7% Tax Rate; His Employees Pay 32.9% 28 January 2010 2:02 UTC taxprof.typepad.com [Source type: General]

^ Warren Buffett became one of the wealthiest people in the world by making predictions and putting money behind those predictions.
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

^ They think the company could make even more money if it paid its workers less -- like Wal-Mart does.
  • Warren Buffett: Tax 'the hides of guys like me': The Swamp 28 January 2010 2:02 UTC www.swamppolitics.com [Source type: General]

He went door to door selling chewing gum, Coca-Cola, or weekly magazines. For a while he worked in his grandfather's grocery store. .While still in high school, he carried out several successful money-making ideas: delivering newspapers, selling golfballs and stamps, and detailing cars among them.^ And I think we’re going to make a lot of money out of it.

^ Invested money is what makes American jobs high paying compared to El Salvador.
  • TaxProf Blog: Warren Buffet Pays 17.7% Tax Rate; His Employees Pay 32.9% 28 January 2010 2:02 UTC taxprof.typepad.com [Source type: General]

^ Get out there and make your own money!

.Filing his first income tax return in 1944, Buffett took a $35 deduction for the use of his bicycle and watch on his paper route.^ The corporation first is taxed $35 of its taxable income.
  • TaxProf Blog: Warren Buffet Pays 17.7% Tax Rate; His Employees Pay 32.9% 28 January 2010 2:02 UTC taxprof.typepad.com [Source type: General]

^ By age 14, he had filed his first tax return.
  • Class Struggle - Why gifted classes are not enough: the Warren Buffett case 2 February 2010 11:19 UTC voices.washingtonpost.com [Source type: General]

^ The State of California required me to pay $800 per year for the privilege of filing the state tax return.
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

[13] .In 1945, in his sophomore year of high school, Buffett and a friend spent $25 to purchase a used pinball machine, which they placed in the local barber shop.^ When I met him a few years back at the inauguration of a local Star Furniture shop (photo attached, Buffett with my wife and me), he reminded me never to forget Chap.
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

^ Was an analyst for years on the buy side, at a very respectable shop that followed a Buffett-style strategy focused on quality of earnings and cash flows and returns to capital.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ Warren Buffett: Well, I got a call this morning from a friend of mine at Goldman Sachs saying they might be interested in such an investment.

Within months, they owned several machines in different barber shops.
.Buffett's interest in the stock market and investing also dated to his childhood, to the days he spent in the customers' lounge of a regional stock brokerage near the office of his father's own brokerage company.^ He did it by investing in the stock market.

^ Berkshire Hathaway , Acquisitions , Warren Buffett ( – ) Show Replies Collapse Replies Sort Up Sort Down sort by date: amapola101 What a great Day for america.!This is what we need to hear.
  • Warren Buffett to Buy a Railroad - The Daily Beast 28 January 2010 2:02 UTC www.thedailybeast.com [Source type: FILTERED WITH BAYES]

^ Buffett has always said that if he likes a company well enough to own its stock, it means he likes it well enough to buy the whole thing.
  • Warren Buffett « Kempton – ideas Revolutionary 2 February 2010 11:19 UTC kempton.wordpress.com [Source type: General]

.On a trip to New York at the age of ten he made a point to visit the New York Stock Exchange.^ In an incident full of significance given recent events, Buffett, while a ten-year old on a visit to New York with his father, visited the offices of Goldman Sachs.
  • : Warren Buffett : The D & O Diary 28 January 2010 2:02 UTC www.dandodiary.com [Source type: FILTERED WITH BAYES]

^ Billionaire investor Warren Buffett used a guest commentary article in the New York Times on Friday to announce that he's sticking with stocks.
  • Warren Buffett: News & Videos about Warren Buffett - CNN.com 28 January 2010 2:02 UTC topics.cnn.com [Source type: News]

.And about this same time he purchased shares of Cities Service for himself and his sister.^ About 14 per share at the time.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ We are treated to a lovely snippet about a day and time from several decades ago when a child delivered papers door-to-door and taught himself from library books.
  • Class Struggle - Why gifted classes are not enough: the Warren Buffett case 2 February 2010 11:19 UTC voices.washingtonpost.com [Source type: General]

^ Share Investor BOOK REVIEW: Warren Buffett on Business - What is better than reading a book about Warren Buffett but a book byWarrren Buffett himself.

.While in high school he invested in a business owned by his father and bought a farm worked by a tenant farmer.^ Investing in your own business to optimize what is already successful almost always yields the highest returns year over year.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ The rest of it I would invest to small businesses with high growth potential.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ The insurance business has been the segment on which Buffett has concentrated the most, and his reasons for his focus on this industry convey a lot about his approach to investing and his understanding of how business cycles work.
  • : Warren Buffett : The D & O Diary 28 January 2010 2:02 UTC www.dandodiary.com [Source type: FILTERED WITH BAYES]

.By the time he finished college, Buffett had accumulated more than $90,000 in savings measured in 2009 dollars.^ "I think those Canadian dollars are very likely, even from this level, to be worth more than the U.S. dollar five or 10 years from now than they are today.

^ While I admire Buffett for the wisdom he has imparted an innumerable number of us throughout the years, I have to agree with Rolfe that Buffett certainly has his hands on more than a few taxpayer dollars.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ This request for comments and the thesis presented in this article reinforces that Buffett’s game plan is more intact than ever.
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

Benjamin Graham (1894–1976)
Phil Fisher (1907–2004)
.Buffett enrolled at Columbia Business School after learning that Benjamin Graham (author of "The Intelligent Investor" - one of his favorite books on investing) and David Dodd, two well-known securities analysts, taught there.^ By Bertel Schmitt on November 30, 2009 Hidden deep down in a story written by the Houston Chronicle about Rice Business School students visiting Warren Buffett, there is a startling prediction by the Oracle of Omaha.
  • Warren Buffett: All Cars Will Be Electric. In 20 Years | The Truth About Cars 2 February 2010 11:19 UTC www.thetruthaboutcars.com [Source type: General]

^ If you know nothing –> diversity.” Buffett: “There are situations, for the full-time investor, where it’d be a mistake not to invest 50% of your net worth in one business.”%0APicking Warren Buffett’s Brain: Notes from a Novice – The Blog of Author Tim Ferriss%0A’; View the entire comment thread.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ He got his Master’s degree in economics at Columbia Business School sudying under another investing genius, Benjamin Graham.

He received a M.S. in Economics from Columbia University in 1951.
In Buffett’s own words:
.I’m 15 percent Fisher and 85 percent Benjamin Graham.^ Current Price: $55.43 DCF Stock Value: $52.72 @ 15% growth and 9% discount rate Graham Stock Value: $85 - $90 @ 13% growth .
  • Warren Buffett Stock Picks Valuation 2 February 2010 11:19 UTC www.scribd.com [Source type: General]

[14]
.The basic ideas of investing are to look at stocks as business, use the market's fluctuations to your advantage, and seek a margin of safety.^ He did it by investing in the stock market.

^ Look for attractively priced businesses, not stocks.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ Investing in your own business to optimize what is already successful almost always yields the highest returns year over year.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

That’s what Ben Graham taught us. .A hundred years from now they will still be the cornerstones of investing.^ "I think those Canadian dollars are very likely, even from this level, to be worth more than the U.S. dollar five or 10 years from now than they are today.

^ But you still have to figure out what your own feeling is about what oil's going to be selling for three years from now or five years from now.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

^ They have a budget now that's $65 million a year, and all they have to do is look at two companies.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

[15]

Career

.Buffett was employed from 1951–54 at Buffett-Falk & Co., Omaha as an Investment Salesman, from 1954–1956 at Graham-Newman Corp., New York as a Securities Analyst, from 1956–1969 at Buffett Partnership, Ltd., Omaha as a General Partner and from 1970 – Present at Berkshire Hathaway Inc, Omaha as its Chairman, CEO.^ The chairman and chief executive of Berkshire Hathaway Inc.

^ He is the legendary chairman and CEO of Berkshire Hathaway.

^ Billionaire Warren Buffett , chairman of Berkshire Hathaway Inc., told employees of Burlington .
  • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

.In April 1952, Buffett discovered Graham was on the board of GEICO insurance.^ Warren Buffett discovered insurance companies have huge amounts of cash.

^ It is fine for Buffett and his billionaire board members to disdain D&O insurance, but persons of more ordinary means can ill afford to run the risk of uninsured board service.
  • : Warren Buffett : The D & O Diary 28 January 2010 2:02 UTC www.dandodiary.com [Source type: FILTERED WITH BAYES]

Taking a train to Washington, D.C. on a Saturday, he knocked on the door of GEICO's headquarters until a janitor allowed him in. .There he met Lorimer Davidson, Geico's Vice President, and the two discussed the insurance business for hours.^ In the insurance business, there is no statute of limitation on stupidity .

.Davidson would eventually become Buffett's life-long friend and a lasting influence [16] and later recall that he found Buffett to be an "extraordinary man" after only fifteen minutes.^ By age 13, Buffett, later to be the richest man in the world and a Washington Post Co.
  • Class Struggle - Why gifted classes are not enough: the Warren Buffett case 2 February 2010 11:19 UTC voices.washingtonpost.com [Source type: General]

^ For a long time, Buffett had invested in railroads only when they were cigar butts.
  • Warren Buffett « Kempton – ideas Revolutionary 2 February 2010 11:19 UTC kempton.wordpress.com [Source type: General]

^ But, again, Warren Buffett has to believe that only scumballs would use or seek out tax-sheltering services like these: http://www.bhln.com/ .
  • Warren Buffett: Tax 'the hides of guys like me': The Swamp 28 January 2010 2:02 UTC www.swamppolitics.com [Source type: General]

.Buffett graduated from Columbia and wanted to work on Wall Street, however, both his father and Ben Graham urged him not to.^ Warren Buffett: Well, the patient that's on the floor with the cardiac arrest is not Wall Street.

^ To know why Buffett quotes Ben Graham, and what he means by it, it is really necessary to understand more about Buffett’s days in graduate school and his early days working for Graham.
  • : Warren Buffett : The D & O Diary 28 January 2010 2:02 UTC www.dandodiary.com [Source type: FILTERED WITH BAYES]

^ Buffett, I know you get alot of people wanting your money; however, I am not asking for me.

.He offered to work for Graham for free, but Graham refused.^ I had a professor, Ben Graham , I offered to go to work for him for nothing.
  • Warren Buffett « Kempton – ideas Revolutionary 2 February 2010 11:19 UTC kempton.wordpress.com [Source type: General]

[citation needed]
.Buffett returned to Omaha and worked as a stockbroker while taking a Dale Carnegie public speaking course.^ When we return, we're going to be speaking more with Warren Buffett.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

.June 2009" style="white-space:nowrap;">[citation needed] Using what he learned, he felt confident enough to teach an "Investment Principles" night class at the University of Nebraska-Omaha.^ Welcome back, everyone, to this special edition of SQUAWK BOX. We are live in Omaha, Nebraska, and we are fortunate enough to be joined this morning with Warren Buffett.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

^ Posted on April 27, 2008 by Kevin LaCroix In May 2003, I was fortunate enough to to attend the Berkshire Hathaway annual meeting in Omaha, Nebraska.
  • : Warren Buffett : The D & O Diary 28 January 2010 2:02 UTC www.dandodiary.com [Source type: FILTERED WITH BAYES]

^ When I was an editor of the University of Nebraska at Omaha student newspaper in 1972, Buffett’s weekly, the Omaha Sun Newspapers, was our printer.
  • Poor Warren Buffett » BibleStudy.net – Bible Teaching, Preaching, & Study 2 February 2010 11:19 UTC www.biblestudy.net [Source type: Original source]

.The average age of his students was more than twice his own.^ Now, with housing it's something even more dramatic than that, because most people aspire to own their own home.

^ FairTax imposes much lower average taxes on working-age households than does the current system.
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

^ Owns more than 189 active operating generation units at 48 power generation plants.
  • Warren Buffett Stock Picks Valuation 2 February 2010 11:19 UTC www.scribd.com [Source type: General]

During this time he also purchased a Sinclair Texaco gas station as a side investment. .However, this did not turn out to be a successful business venture.^ That did not turn out well.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ But one big story in the paper that says, you know, Salomon did go out of business tomorrow or something of the sort would have meant we would have gone out of business.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

.In 1952[17] Buffett married Susan Thompson and the next year they had their first child, Susan Alice Buffett.^ Start with the story of one particularly troublesome Washington area gifted child, Warren Buffett, as described in the biography “The Snowball,” by Alice Schroeder.
  • Class Struggle - Why gifted classes are not enough: the Warren Buffett case 2 February 2010 11:19 UTC voices.washingtonpost.com [Source type: General]

^ In the last 10 years, the first five years oil demand went up around four million barrels a day, and then in the next five years it went up another eight million barrels a day.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

^ BUFFETT: The one thing you won't find, Becky, you won't--you won't find either candidate telling you that if we're going to spend $3.1 trillion next year, the federal government will tell you how they're going to raise 3.1 trillion.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

.In 1954, Buffett accepted a job at Benjamin Graham's partnership.^ Buffett cites this piece of advice from his mentor Benjamin Graham : “You’re neither right nor wrong because other people agree with you.
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

^ The principles followed by Buffett as taught by Benjamin Graham, value investing for the ‘defensive’ and ‘enterprising’ investor of which Buffett falls into the enterprising class, is what should be questioned, if indeed there is to be any questioning.
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

.His starting salary was $12,000 a year (approximately $97,000 adjusted to 2008 dollars).^ I need 25,000 US dollars to start a business here in the pHILIPPINES so I would be able to sustain my basic needs here in my country.
  • Think Progress » Warren Buffett: Major Philanthropist and Opponent of Estate Tax Repeal 2 February 2010 11:19 UTC thinkprogress.org [Source type: General]

^ It costs approximately $100,000 to start a store the size I am planning to open and I would like to open 4 or 5 stores.

^ "He only gives himself 100,000 in salary every year, he doesn't live in a mansion, he drives himself, ...
  • Warren Buffett disowns his granddaughter - Dealbreaker - A Wall Street Tabloid - Business News Headlines and Financial Gossip 28 January 2010 2:02 UTC dealbreaker.com [Source type: General]

There he worked closely with Walter Schloss. Graham was a tough man to work for. .He was adamant that stocks provide a wide margin of safety after weighting the trade-off between their price and their intrinsic value.^ Warren Buffett’s Stock Portfolio Analysis You view all comments and intrinsic value estimates of all 41 stocks in the pdf below.
  • Warren Buffett Stock Picks Valuation 2 February 2010 11:19 UTC www.scribd.com [Source type: General]

^ Still converts 12% of sales into FCF Intrinsic Value Estimate Current Price: $27.76 DCF Stock Value: $37.11 Graham Stock Value: $34 Competitor and Peer Comparison: $58 .
  • Warren Buffett Stock Picks Valuation 2 February 2010 11:19 UTC www.scribd.com [Source type: General]

^ Finding margins of safety like these is the primary goal of my colleagues at Motley Fool Inside Value .
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

.The argument made sense to Buffett but he questioned whether the criteria were too stringent and caused the company to miss out on big winners that had more qualitative values.^ Warren Buffett was also on that prestigious panel and in the movie and we had a chance to send people out to go around the country to get questions, Warren, from people around the country that they'd like to have come back to you.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

^ BUFFETT: So that doesn't mean that the equity can't get wiped out, and it almost has in the stock market, and in practical sense as institutions, they don't have any net worth.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

^ Thus, whether or not Buffett voiced his opinion he would have been bailed out.Furthermore, the statistics used in the article are misleading.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

.January 2010" style="white-space:nowrap;">[citation needed] That same year the Buffetts had their second child, Howard Graham Buffett.^ Was an analyst for years on the buy side, at a very respectable shop that followed a Buffett-style strategy focused on quality of earnings and cash flows and returns to capital.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ Listening to the people who say that Buffett is not good anymore is stupid because it is always the same over the years.
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

In 1956, Benjamin Graham retired and closed his partnership. .At this time Buffett's personal savings were over $174,000 and he started Buffett Partnership Ltd., an investment partnership in Omaha.^ CARL QUINTANILLA, co-anchor (Beijing): But first we're going to start with the man of the hour, Beck--actually, he's the man of three hours--Warren Buffett with you in Omaha.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

^ WARREN BUFFETT (Berkshire Hathaway Chairman & CEO): It has not paid to sell America short since 1776, and the time to start is not 2008.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

^ Later Warren Buffet established an investment partnership named Buffett Partnership Limited (BPL).

In 1957, Buffett had three partnerships operating the entire year. .He purchased a five-bedroom stucco house in Omaha, where he still lives, for $31,500. In 1958 the Buffett's third child, Peter Andrew Buffett, was born.^ Buffett was born August 30, 1930 in Omaha, Nebraska.

^ Warren Buffett and I both live in Omaha, Nebraska.
  • Poor Warren Buffett » BibleStudy.net – Bible Teaching, Preaching, & Study 2 February 2010 11:19 UTC www.biblestudy.net [Source type: Original source]

^ Posted on April 3, 2007 by Kevin LaCroix It is now a well-established part of the mythology of American capitalism that Warren Buffett still lives in the same modest brick colonial in Omaha, pictured above, that he bought in 1958 for $31,000.
  • : Warren Buffett : The D & O Diary 28 January 2010 2:02 UTC www.dandodiary.com [Source type: FILTERED WITH BAYES]

.Buffett operated five partnerships the entire year.^ Warren Buffett: If we don't do the things we should do, it could be five years, sure.

.In 1959, the company grew to six partnerships operating the entire year and Buffett was introduced to Charlie Munger.^ Gen Re was by far Buffett’s largest investment, and the company lost over $7 billion dollars in the early years that he owned it.
  • : Warren Buffett : The D & O Diary 28 January 2010 2:02 UTC www.dandodiary.com [Source type: FILTERED WITH BAYES]

^ If these companies, which Buffett happens to own, were to fail, the entire financial system would have failed.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ Hope you enjoy the Q&As with Warren Buffett and Charlie Munger.
  • Warren Buffett « Kempton – ideas Revolutionary 2 February 2010 11:19 UTC kempton.wordpress.com [Source type: General]

By 1960, Buffett had seven partnerships operating: Buffett Associates, Buffett Fund, Dacee, Emdee, Glenoff, Mo-Buff and Underwood. .He asked one of his partners, a doctor, to find ten other doctors willing to invest $10,000 each in his partnership.^ Focus on one or two industries and find companies being run by someone with successful experience in that industry; invest in those few companies as directly as you can.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ But investing a million dollars in real estate can give you a REALIZED monthly income of $10,000 in less than a year.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

.Eventually eleven agreed, and Buffett pooled their money with a mere $100 original investment of his own.^ Gen Re was by far Buffett’s largest investment, and the company lost over $7 billion dollars in the early years that he owned it.
  • : Warren Buffett : The D & O Diary 28 January 2010 2:02 UTC www.dandodiary.com [Source type: FILTERED WITH BAYES]

^ I owned shares of Brk.a & b for the past years in the belief that the reason behind Buffett’s investments was sound and over the years will pay off.
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

In 1961, Buffett revealed that Sanborn Map Company accounted for 35% of the partnership's assets. .He explained that in 1958 Sanborn stock sold at only $45 per share when the value of the Sanborn investment portfolio was $65 per share.^ Warren Buffett’s Stock Portfolio Analysis You view all comments and intrinsic value estimates of all 41 stocks in the pdf below.
  • Warren Buffett Stock Picks Valuation 2 February 2010 11:19 UTC www.scribd.com [Source type: General]

^ The overall value of Berkshire’s investment portfolio fell 13.89%, form $90,343 per share to $77,793 per share.
  • : Warren Buffett : The D & O Diary 28 January 2010 2:02 UTC www.dandodiary.com [Source type: FILTERED WITH BAYES]

^ He sold the stocks for a profit, only to see them go higher.

.This meant that buyers valued Sanborn stock at "minus $20" per share and were unwilling to pay more than 70 cents on the dollar for an investment portfolio with a map business thrown in for nothing.^ Nothing to Offer Newsweek He gained the support of business leaders like Bill Gates and Warren Buffett —and of more than one immediate family member of past chairs of the Republican ...
  • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

^ Nineteen of top 20 stakes in Berkshire’s U.S. stock portfolio declined last year.
  • : Warren Buffett : The D & O Diary 28 January 2010 2:02 UTC www.dandodiary.com [Source type: FILTERED WITH BAYES]

^ Warren Buffett’s Stock Portfolio Analysis You view all comments and intrinsic value estimates of all 41 stocks in the pdf below.
  • Warren Buffett Stock Picks Valuation 2 February 2010 11:19 UTC www.scribd.com [Source type: General]

This earned him a spot on the board of Sanborn.

Path to wealth

In 1962, Buffett became a millionaire, because of his partnerships, which in January 1962 had an excess of $7,178,500, of which over $1,025,000 belonged to Buffett. .Buffett merged all partnerships into one partnership.^ On the one hand, Buffett’s credibility is such that if Berkshire had significant exposure in these areas, we would all expect him to have said something about it.
  • : Warren Buffett : The D & O Diary 28 January 2010 2:02 UTC www.dandodiary.com [Source type: FILTERED WITH BAYES]

^ It’s ironic that after all these years, the very thing Buffett sunk his teeth into as a crusader – donations to tax exempt charities – is forming his latest legacy.
  • Poor Warren Buffett » BibleStudy.net – Bible Teaching, Preaching, & Study 2 February 2010 11:19 UTC www.biblestudy.net [Source type: Original source]

.Buffett discovered a textile manufacturing firm, Berkshire Hathaway.^ Berkshire Hathaway said late Tuesday that it has agreed to acquire two California workers' compensation firms as the insurance- focused conglomerate run by billionaire Warren Buffett expands its bet on the once-troubled market.
  • Warren Buffett: News & Videos about Warren Buffett - CNN.com 28 January 2010 2:02 UTC topics.cnn.com [Source type: News]

^ Berkshire Hathaway Shares Soar As Warren Buffett Joins the S&P 500 - CNBC: http://www.cnbc.com/id/35086329 Aruba condo www.arubarental.net .
  • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

^ Valuation and commentary on all 41 stocks of Warren Buffett and Berkshire Hathaway.
  • Warren Buffett Stock Picks Valuation 2 February 2010 11:19 UTC www.scribd.com [Source type: General]

.Buffett's partnerships began purchasing shares at $7.60 per share.^ Want to know why Buffett has never purchased shares of his good friend Bill Gates’ company?
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

^ The opportunity to purchase around $60 was also available after TARP. Buffett invested before TARP, it was possible that they would not have been bailed out, hence he might have had a large loss.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

.In 1965, when Buffett's partnerships aggressively began purchasing Berkshire, they paid $14.86 per share while the company had working capital of $19 per share.^ About 14 per share at the time.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ They think the company could make even more money if it paid its workers less -- like Wal-Mart does.
  • Warren Buffett: Tax 'the hides of guys like me': The Swamp 28 January 2010 2:02 UTC www.swamppolitics.com [Source type: General]

^ Want to know why Buffett has never purchased shares of his good friend Bill Gates’ company?
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

This did not include the value of fixed assets (factory and equipment). .Buffett took control of Berkshire Hathaway at the board meeting and named a new president, Ken Chace, to run the company.^ Berkshire Hathaway annual shareholder meeting.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ Running what is in effect an ad for talent, Berkshire Hathaway chairman Warren Buffett, 76, says in the company's just-released annual report that he plans to hire a younger person - or perhaps more than one - to understudy him in managing Berkshire's investments.
  • Warren Buffett: News & Videos about Warren Buffett - CNN.com 28 January 2010 2:02 UTC topics.cnn.com [Source type: News]

^ She details Buffett’s reaction to the credit crisis as it peaked in the fall of 2008, Barack Obama’s election as President, and Berkshire Hathaway’s loss of its coveted triple-A credit rating.
  • Warren Buffett « Kempton – ideas Revolutionary 2 February 2010 11:19 UTC kempton.wordpress.com [Source type: General]

In 1966, Buffett closed the partnership to new money. Buffett wrote in his letter:
unless it appears that circumstances have changed (under some conditions added capital would improve results) or unless new partners can bring some asset to the partnership other than simply capital, I intend to admit no additional partners to BPL.
.In a second letter, Buffett announced his first investment in a private business — Hochschild, Kohn and Co, a privately owned Baltimore department store.^ Business , Economics , Warren Buffett , World Affairs , investment , united states .
  • Warren Buffett « Kempton – ideas Revolutionary 2 February 2010 11:19 UTC kempton.wordpress.com [Source type: General]

^ I think not.Second, Buffett has a fiduciary responsibility to his shareholders to pursue investment and management decisions that most benefit shareholders short and long term interests.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ The investment strategy, when you really look at it, is very similar to Buffett’s strategy of buying into a good business and holding it.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

.In 1967, Berkshire paid out its first and only dividend of 10 cents.^ He is raking in dividends by the hundreds of millions every week and they are not taxed because not paid out in dividends.
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

^ Part 4 Following on from the first part of Berkshire’s Stock Portfolio covering the first 10 stocks, let’s go through the next 10.
  • Warren Buffett Stock Picks Valuation 2 February 2010 11:19 UTC www.scribd.com [Source type: General]

^ Berkshire first announced that it owned 10% of Burlington in April 2007.
  • Warren Buffett « Kempton – ideas Revolutionary 2 February 2010 11:19 UTC kempton.wordpress.com [Source type: General]

.In 1969, following his most successful year, Buffett liquidated the partnership and transferred their assets to his partners.^ Was an analyst for years on the buy side, at a very respectable shop that followed a Buffett-style strategy focused on quality of earnings and cash flows and returns to capital.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ A week ago, we asked for your thoughts on Faith, Doubt, and Warren Buffett at the end of a difficult year for Buffett followers.
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

^ With most of the assets in cash, this would have been a pretty good liquidation play had the spread been wider.
  • Warren Buffett Stock Picks Valuation 2 February 2010 11:19 UTC www.scribd.com [Source type: General]

.Among the assets paid out were shares of Berkshire Hathaway.^ I have knowledge of wrongdoing involving the transfer of Berkshire Hathaway shares from a Buffett to a third party's account.
  • Warren Buffett disowns his granddaughter - Dealbreaker - A Wall Street Tabloid - Business News Headlines and Financial Gossip 28 January 2010 2:02 UTC dealbreaker.com [Source type: General]

^ QUICK: You own shares of Fannie Mae, Berkshire Hathaway did, up until when, about 2001?
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

^ Picking Warren Buffett’s Brain: Notes from a Novice, Tim Ferriss shares the notes he took at a recent convention for Berkshire Hathaway shareholders.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

.In 1970, as chairman of Berkshire Hathaway, Buffett began writing his now-famous annual letters to shareholders.^ Berkshire Hathaway annual shareholder meeting.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ She details Buffett’s reaction to the credit crisis as it peaked in the fall of 2008, Barack Obama’s election as President, and Berkshire Hathaway’s loss of its coveted triple-A credit rating.
  • Warren Buffett « Kempton – ideas Revolutionary 2 February 2010 11:19 UTC kempton.wordpress.com [Source type: General]

^ I have knowledge of wrongdoing involving the transfer of Berkshire Hathaway shares from a Buffett to a third party's account.
  • Warren Buffett disowns his granddaughter - Dealbreaker - A Wall Street Tabloid - Business News Headlines and Financial Gossip 28 January 2010 2:02 UTC dealbreaker.com [Source type: General]

.However, he lived solely on his salary of $50,000 per year, and his outside investment income.^ I am fortunate enough to make about $200,000 per year.
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

^ Something like 0 percent on all income under 50,000.
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

^ A couple of things…First of all, Buffett lives off his meager 100K per year salary and has already committed to donating his entire estate to the Gates foundation upon his death.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

.In 1979, Berkshire began the year trading at $775 per share, and ended at $1,310. Buffett's net worth reached $620 million, placing him on the Forbes 400 for the first time.^ About 14 per share at the time.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ Berkshire Hathaway Shares Soar As Warren Buffett Joins the S&P 500 - CNBC: http://www.cnbc.com/id/35086329 Aruba condo www.arubarental.net .
  • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

^ BUFFETT: So that doesn't mean that the equity can't get wiped out, and it almost has in the stock market, and in practical sense as institutions, they don't have any net worth.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

.In 2006, Buffett announced in June that he gradually would give away 85% of his Berkshire holdings to five foundations in annual gifts of stock, starting in July 2006. The largest contribution would go to the Bill and Melinda Gates Foundation.^ He is giving most of the money to the charitible foundation started by Bill Gates and his wife.

^ Does anyone think the Rockefellers or Buffett or Bill Gates pay ONE CENT in Death Taxes?
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ Want to know why Buffett has never purchased shares of his good friend Bill Gates’ company?
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

[18]
.In 2007, in a letter to shareholders, Buffett announced that he was looking for a younger successor, or perhaps successors, to run his investment business.^ Business , Economics , Warren Buffett , World Affairs , investment , united states .
  • Warren Buffett « Kempton – ideas Revolutionary 2 February 2010 11:19 UTC kempton.wordpress.com [Source type: General]

^ That’s one reason Buffett’s favorite holding period for investments in “outstanding businesses with outstanding managements” is “forever.” After all, ”We don’t get paid for activity, just for being right.
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

^ I think not.Second, Buffett has a fiduciary responsibility to his shareholders to pursue investment and management decisions that most benefit shareholders short and long term interests.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

[19] .Buffett had previously selected Lou Simpson, who runs investments at Geico, to fill that role.^ Buffett is a class act who’s been at this for a very long time and will continue to be a superior investment in these uncertain times.
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

^ How Warren Buffett Selects His Stocks The margin of safety concept was applied by Warren Buffett during the initial years of his Investment career.
  • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

.However, Simpson is only six years younger than Buffett.^ While I admire Buffett for the wisdom he has imparted an innumerable number of us throughout the years, I have to agree with Rolfe that Buffett certainly has his hands on more than a few taxpayer dollars.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ Charlie Rose: It's more likely two years than six months.

^ Buffett was less than 30 years old, and looked even younger than he actually was.
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

.In 2008, Buffett became the richest man in the world dethroning Bill Gates, worth $62 billion according to Forbes,[20] and $58 billion according to Yahoo.^ The richest man in the world — $62 billion and counting.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ By age 13, Buffett, later to be the richest man in the world and a Washington Post Co.
  • Class Struggle - Why gifted classes are not enough: the Warren Buffett case 2 February 2010 11:19 UTC voices.washingtonpost.com [Source type: General]

^ Neither Mr. Buffett nor Bill gates have a heavenly hope to offer a generation or two here who are otherwise living without one.
  • Poor Warren Buffett » BibleStudy.net – Bible Teaching, Preaching, & Study 2 February 2010 11:19 UTC www.biblestudy.net [Source type: Original source]

[21] .Bill Gates had been number one on the Forbes list for 13 consecutive years.^ And The Times did that story earlier in the week about whether or not Bill Gates had rented out a penthouse for a year, and whether or not Warren was staying there.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

^ Neither Mr. Buffett nor Bill gates have a heavenly hope to offer a generation or two here who are otherwise living without one.
  • Poor Warren Buffett » BibleStudy.net – Bible Teaching, Preaching, & Study 2 February 2010 11:19 UTC www.biblestudy.net [Source type: Original source]

^ Clinton managed to balance the budget for one year (barely - and with some funny numbers) but now we are up to $8 TRILLION. .
  • Warren Buffett: Tax 'the hides of guys like me': The Swamp 28 January 2010 2:02 UTC www.swamppolitics.com [Source type: General]

[22] .March 11, 2009, Bill Gates regained number one of the list according to Forbes magazine, with Buffett second.^ Nothing to Offer Newsweek He gained the support of business leaders like Bill Gates and Warren Buffett —and of more than one immediate family member of past chairs of the Republican ...
  • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

^ Neither Mr. Buffett nor Bill gates have a heavenly hope to offer a generation or two here who are otherwise living without one.
  • Poor Warren Buffett » BibleStudy.net – Bible Teaching, Preaching, & Study 2 February 2010 11:19 UTC www.biblestudy.net [Source type: Original source]

^ Buffett is said to have more wealth than any single person in the world, except his friend Bill Gates, III. .
  • Poor Warren Buffett » BibleStudy.net – Bible Teaching, Preaching, & Study 2 February 2010 11:19 UTC www.biblestudy.net [Source type: Original source]

Their values have dropped to $40 billion and $37 billion respectively,[23] Buffett having (according to Forbes) lost $25 billion in 12 months during 2008/2009.[24]

Berkshire Hathaway

.Measured by market capitalization in the Financial Times Global 500 Berkshire Hathaway as of June 2009 was the eighteenth largest corporation on earth.^ Luis Pita June 15th, 2008 2:07 am Last week I attended a lecture by Nobel Price Professor William F. Sharpe on capital markets in Madrid.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ WARREN BUFFETT (Berkshire Hathaway Chairman & CEO): It has not paid to sell America short since 1776, and the time to start is not 2008.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

^ B and M have never discussed timing the market, and if they could, they would focus exclusively on S&P 500 futures.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

[25]

Acquisitions

.In 1973, Berkshire began to acquire stock in the Washington Post Company.^ Posted by Berkshire : What if their companies did not have the bailout?
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

.Buffett became close friends with Katharine Graham, who controlled the company and its flagship newspaper, and became a member of its board of directors.^ Want to know why Buffett has never purchased shares of his good friend Bill Gates’ company?
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

.In 1974, the SEC opened a formal investigation into Warren Buffett and Berkshire's acquisition of WESCO, due to possible conflict of interest.^ If you think about that, you'll do things differently.” Warren Buffett "When you combine ignorance and leverage, you get some pretty interest..
  • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

^ Warren Buffett: Well, I got a call this morning from a friend of mine at Goldman Sachs saying they might be interested in such an investment.

^ Berkshire Hathaway , Acquisitions , Warren Buffett ( – ) Show Replies Collapse Replies Sort Up Sort Down sort by date: amapola101 What a great Day for america.!This is what we need to hear.
  • Warren Buffett to Buy a Railroad - The Daily Beast 28 January 2010 2:02 UTC www.thedailybeast.com [Source type: FILTERED WITH BAYES]

No charges were brought.
In 1977, Berkshire indirectly purchased the Buffalo Evening News for $32.5 million. Antitrust charges started, instigated by its rival, the Buffalo Courier-Express. Both papers lost money, until the Courier-Express folded in 1982.
.In 1979, Berkshire began to acquire stock in ABC. Capital Cities' announced $3.5 billion purchase of ABC on March 18, 1985 surprised the media industry, as ABC was some four times bigger than Capital Cities was at the time.^ I have waited patiently to purchase Berkshire Hathaway class B stock.
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

^ Every time he buys a stock or a business or some other investment, he’s forecasting the future.
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

^ While I'm surprised the GN secondary to Helena from Great Falls hasn't been torn up, the simple fact is, it won't be for some time.
  • An Open Letter to Warren Buffett | Bill Schneider | Travel & Outdoors | NewWest.Net 28 January 2010 2:02 UTC www.newwest.net [Source type: Original source]

.Berkshire Hathaway chairman Warren Buffett helped finance the deal in return for a 25 percent stake in the combined company.^ Discuss Warren Buffett - Berkshire Hathaway's portfolio .
  • Warren Buffett - Berkshire Hathaway Portfolio - See Top Holdings and Performance Graph at tickerspy.com 28 January 2010 2:02 UTC www.tickerspy.com [Source type: FILTERED WITH BAYES]
  • Warren Buffett - Berkshire Hathaway Portfolio - See Top Holdings and Performance Graph at tickerspy.com 28 January 2010 2:02 UTC www.tickerspy.com [Source type: FILTERED WITH BAYES]
  • Warren Buffett - Berkshire Hathaway Portfolio - See Top Holdings and Performance Graph at tickerspy.com 2 February 2010 11:19 UTC www.tickerspy.com [Source type: General]

^ Billionaire Warren Buffett , chairman of Berkshire Hathaway Inc., told employees of Burlington .
  • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

^ WARREN BUFFETT (Berkshire Hathaway Chairman & CEO): Yeah, early morning, right.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

[26] The newly merged company, known as Capital Cities/ABC (or CapCities/ABC), was forced to sell off some stations due to FCC ownership rules. Also, the two companies owned several radio stations in the same markets.[27]
.In 1987, Berkshire Hathaway purchased 12% stake in Salomon Inc., making it the largest shareholder and Buffett the director.^ Berkshire Hathaway annual shareholder meeting.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ Warren Buffett is the largest private shareholder in America so he would get hurt the most on an absolute scale but he still proposes the necessary actions.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ Picking Warren Buffett’s Brain: Notes from a Novice, Tim Ferriss shares the notes he took at a recent convention for Berkshire Hathaway shareholders.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

In 1990, a scandal involving John Gutfreund (former CEO of Salomon Brothers) surfaced. A rogue trader, Paul Mozer, was submitting bids in excess of what was allowed by the Treasury rules. When this was discovered and brought to the attention of Gutfreund, he did not immediately suspend the rogue trader. Gutfreund left the company in August 1991.[28] Buffett became Chairman of Salomon until the crisis passed; on September 4, 1991, he testified before Congress.[29]
.In 1988, Buffett began buying stock in Coca-Cola Company, eventually purchasing up to 7 percent of the company for $1.02 billion.^ He doesn’t buy stocks, he buys the whole company.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ One of my lecturers mentioned how Buffett was able to make a huge profit after buying up insurance after Hurricane Katrina.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ I Plan on buying Stocks in China companies as their economy is growing rapidly .
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

.It would turn out to be one of Berkshire's most lucrative investments, and one which it still holds.^ That was a quick little fun one, but we also want to start asking you about some of the holdings of Berkshire Hathaway and where you see the economy going.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

^ That’s one reason Buffett’s favorite holding period for investments in “outstanding businesses with outstanding managements” is “forever.” After all, ”We don’t get paid for activity, just for being right.
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

^ This is the most researched option out there, and one that will accomplish much of what you ask for.
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

.In 2002, Buffett entered in $11 billion worth of forward contracts to deliver U.S. dollars against other currencies.^ There is a reason that Buffett is worth billions of dollars.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ Warren Buffett created billions of dollars of wealth.
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

^ And one way to do that is if some institution wants to sell you a billion dollars worth of mortgages, they might have to sell 100 million in the market, and then you'll buy the other 900 million on the same terms.

By April 2006, his total gain on these contracts was over $2 billion.
In 1998, he acquired General Re, (in a rare move, for stock). .In 2002, Buffett became involved with Maurice R. Greenberg at AIG, with General Re providing reinsurance.^ (Bloomberg) -- Munich Re , the world’s largest reinsurer, said Warren Buffett raised his stake in the company above 3 percent.
  • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

^ Buffett SAYS a lot about accounting integrity, but his businesses are engaged in some very shady number fudgery.And what about the General Re case?
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ Munich Re, the world’s biggest reinsurer, said Warren Buffett raised his stake in the company to more than 3 percent.
  • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

.On March 15, 2005, AIG's board forced Greenberg to resign from his post as Chairman and CEO under the shadow of criticism from Eliot Spitzer, attorney general of the state of New York.^ Contact the Governors office,Attorney General,news media and many others ....complain.
  • An Open Letter to Warren Buffett | Bill Schneider | Travel & Outdoors | NewWest.Net 28 January 2010 2:02 UTC www.newwest.net [Source type: Original source]

^ If you read that Federal Reserve New York chairman speech, it says it, but it doesn't say it the way the American people will get it.
  • CNBC Transcript: Warren Buffett Interview on “Squawk Box” - The Page by Mark Halperin - TIME.com 2 February 2010 11:19 UTC thepage.time.com [Source type: Original source]

^ Brian W., New York State .
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

.On February 9, 2006, AIG and the New York State Attorney General's office agreed to a settlement in which AIG would pay a fine of $1.6 billion.^ As stated before, eliminating taxes on small businesses would not only increase commerce, and competition, but would create jobs, make more jobs higher paying, and generate more tax revenue from income taxes on the increased pay employees of small businesses would receive.
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

^ I made over thrity thosand dollars profit.My big buy tip on gs was a news article stating thatbuffet bought five billion worth.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ Many of these junk railroad cars were brought into Montana.We should contact the Governor and Attorney Generals Office on the process to get them moved out of here.
  • An Open Letter to Warren Buffett | Bill Schneider | Travel & Outdoors | NewWest.Net 28 January 2010 2:02 UTC www.newwest.net [Source type: Original source]

[30]
.In 2009, Warren Buffett invested $2.6 billion as a part of Swiss Re's raising equity capital.^ Warren Buffett created billions of dollars of wealth.
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

^ Warren Buffett: And I'm not worried they're all about the investments we make.

^ (Bloomberg) -- Munich Re , the world’s largest reinsurer, said Warren Buffett raised his stake in the company above 3 percent.
  • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

[31][32] .Berkshire Hathaway already owns a 3% stake, with rights to own more than 20%.^ I think that accounting in 1974 Charlie, it was either 1974 or ’75, we owned a bunch of common stocks at Berkshire Hathaway.

^ It seems to me that Berkshire may have gotten too big to fail for more than one reason.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ QUICK: You own shares of Fannie Mae, Berkshire Hathaway did, up until when, about 2001?
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

[33]
In 2009, Warren Buffett acquired Burlington .Northern Santa Fe Corp. for $34 billion in cash and stocks.^ I read with interest and glee about your recent acquisition of the majority ownership in Burlington Northern Santa Fe (BNSF).
  • An Open Letter to Warren Buffett | Bill Schneider | Travel & Outdoors | NewWest.Net 28 January 2010 2:02 UTC www.newwest.net [Source type: Original source]

^ S&P 100 and S&P 500 indexes after Berkshire acquires Burlington Northern Santa Fe.
  • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

.Alice Schroeder author of Snowball stated that a reason for the purchase was to diversify Berkshire Hathaway from the financial industry.^ The Snowball: Warren Buffett and the Business of Life by Alice Schroeder Buy new: $13.60 / Used from: $11.85.
  • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

^ Start with the story of one particularly troublesome Washington area gifted child, Warren Buffett, as described in the biography “The Snowball,” by Alice Schroeder.
  • Class Struggle - Why gifted classes are not enough: the Warren Buffett case 2 February 2010 11:19 UTC voices.washingtonpost.com [Source type: General]

^ Elsewhere in his letter he laments “atrocious sales practices” in the financial industry, holding up Berkshire subsidiary Clayton Homes as a model of lending rectitude.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

[3]

Late 2000s recession

.Buffett ran into criticism[34] during the subprime crisis of 2007–2008, part of the late 2000s recession, that he had allocated capital too early resulting in suboptimal deals.^ Buffett is a shrewd capital allocator.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ I also agree with Bernanke’s action in quickly provided substantial liquidity to a variety of markets during the financial crisis and I agree with Buffett’s voval support of this course of action.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ There are many reasons to criticize Buffett — this isn’t one of mine.Far better to criticize the government, who got scared into a big giveaway to the financial sector.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

“Buy American. .I am.” he wrote for an opinion piece published recently in the New York Times.^ The New York Times app is especially appealing to me — and yes, this is my SocialMedia: RT @danielnothing: 28 weeks on the New York Times Best Seller List: Tony Bl..
  • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

^ Buffett explained his motivation in today’s New York Times: .
  • Think Progress » Warren Buffett: Major Philanthropist and Opponent of Estate Tax Repeal 2 February 2010 11:19 UTC thinkprogress.org [Source type: General]

^ New York Times: Growth of U.S. Economy Accelerated in Fourth Quart Nations Take First Steps on Copenhagen 'Accord' - New York Times http://s-a..
  • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

[35]
Buffett has called the 2007—present downturn in the financial sector "poetic justice".[36]
.Buffett's Berkshire Hathaway suffered a 77% drop in earnings during Q3 2008 and several of his recent deals appear to be running into large mark-to-market losses.^ The opportunity to purchase around $60 was also available after TARP. Buffett invested before TARP, it was possible that they would not have been bailed out, hence he might have had a large loss.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ WARREN BUFFETT (Berkshire Hathaway Chairman & CEO): It has not paid to sell America short since 1776, and the time to start is not 2008.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

^ Judging by the incredible returns of his holding company Berkshire Hathaway, Buffett and his colleagues are very good at making those predictions.
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

[37]
.Berkshire Hathaway acquired 10% perpetual preferred stock of Goldman Sachs[38].^ I think that accounting in 1974 Charlie, it was either 1974 or ’75, we owned a bunch of common stocks at Berkshire Hathaway.

^ Beside it being highly out of his character, why did Warren not say “put it all in Berkshire Hathaway stock”?
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ I have waited patiently to purchase Berkshire Hathaway class B stock.
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

.Some of Buffett's Index put options (European exercise at expiry only) that he wrote (sold) are currently running around $6.73 billion mark-to-market losses.^ We had one contract that was due in 100 years, so that meant that for 100 years some guy at our place put a mark on it every day and some guy at another place put a mark and they got their bonuses based on it.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

^ But I am sure this announcement by Mr.Buffett caused some major heart palpitations, around the ‘Beltway’.
  • Think Progress » Warren Buffett: Major Philanthropist and Opponent of Estate Tax Repeal 2 February 2010 11:19 UTC thinkprogress.org [Source type: General]

^ Banks that couldn’t finance their balance sheets would have sold toxic assets at market prices, and the losses would have wiped out their shareholder’s equity.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

[39] .The scale of the potential loss prompted the SEC to demand that Berkshire produce, "a more robust disclosure" of factors used to value the contracts.^ The book value of Berkshire and its long term earning power have never looked more optimistic to me.
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

[39]
.Buffett also helped Dow Chemical pay for its $18.8 billion takeover of Rohm & Haas.^ BUFFETT: And you know, it--if the strangers aren't there, you don't have a way of paying back the 400 billion.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

.He thus became the single largest shareholder in the enlarged group with his Berkshire Hathaway, which provided $3 billion, underlining his instrumental role during the current crisis in debt and equity markets.^ Berkshire Hathaway annual shareholder meeting.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ I also agree with Bernanke’s action in quickly provided substantial liquidity to a variety of markets during the financial crisis and I agree with Buffett’s voval support of this course of action.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ Picking Warren Buffett’s Brain: Notes from a Novice, Tim Ferriss shares the notes he took at a recent convention for Berkshire Hathaway shareholders.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

[40]
.In October 2008, the media reported that Warren Buffett had agreed to buy General Electric (GE) preferred stock.^ BUFFETT: I don't look--I don't try to pick turns in any kind of an industry in terms of buying stocks.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

^ Charlie Rose interview with Warren Buffett Oct 2 2008 .

^ Everything Warren Buffett: Charlie Rose interview with Warren Buffett Oct 2 2008 skip to main .

[41] .The operation included extra special incentives: he received an option to buy 3 billion GE at $22.25 in the next five years, and also received a 10% dividend (callable within three years).^ It's what's going to happen over the next 10 years.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

^ But you still have to figure out what your own feeling is about what oil's going to be selling for three years from now or five years from now.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

^ I made over thrity thosand dollars profit.My big buy tip on gs was a news article stating thatbuffet bought five billion worth.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

.In February 2009, Warren Buffett sold part of Procter & Gamble Co, and Johnson & Johnson shares from his portfolio.^ Picking Warren Buffett’s Brain: Notes from a Novice, Tim Ferriss shares the notes he took at a recent convention for Berkshire Hathaway shareholders.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ CARL QUINTANILLA, co-anchor (Beijing): But first we're going to start with the man of the hour, Beck--actually, he's the man of three hours--Warren Buffett with you in Omaha.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

^ Discuss Warren Buffett - Berkshire Hathaway's portfolio .
  • Warren Buffett - Berkshire Hathaway Portfolio - See Top Holdings and Performance Graph at tickerspy.com 28 January 2010 2:02 UTC www.tickerspy.com [Source type: FILTERED WITH BAYES]
  • Warren Buffett - Berkshire Hathaway Portfolio - See Top Holdings and Performance Graph at tickerspy.com 28 January 2010 2:02 UTC www.tickerspy.com [Source type: FILTERED WITH BAYES]

[42]
.In addition to suggestions of mistiming, questions have been raised as to the wisdom in keeping some of Berkshire's major holdings, including The Coca-Cola Company (NYSE:KO) which in 1998 peaked at $86. Buffett discussed the difficulties of knowing when to sell in the company's 2004 annual report: "That may seem easy to do when one looks through an always-clean, rear-view mirror.^ BUFFETT: No, I--Coca-Cola would never be going on a country road when the interstate's available.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

^ Buffet is one heck of a guy, it seems like he just uses common sense, which some investors just forget about.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ It's--the ones that are too big to fail may be too big to manage, in some cases.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

.Unfortunately, however, it’s the windshield through which investors must peer, and that glass is invariably fogged".[43] In March 2009, Buffett stated in a cable television interview that the economy had "fallen off a cliff...^ The Idealistic Investor » Blog Archive » Profit from the Recession Using Warren Buffett’s Advice March 11th, 2009 7:43 pm [...
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ It's fallen off a cliff, and not only has the economy slowed down a lot, people have really changed their behavior like nothing I've ever seen.
  • CNBC Transcript: Warren Buffett Interview on “Squawk Box” - The Page by Mark Halperin - TIME.com 2 February 2010 11:19 UTC thepage.time.com [Source type: Original source]

.Not only has the economy slowed down a lot, but people have really changed their habits like I haven't seen". Additionally, Buffett fears we may revisit a 1970s level of inflation, which led to a painful stagflation that lasted many years.^ It's fallen off a cliff, and not only has the economy slowed down a lot, people have really changed their behavior like nothing I've ever seen.
  • CNBC Transcript: Warren Buffett Interview on “Squawk Box” - The Page by Mark Halperin - TIME.com 2 February 2010 11:19 UTC thepage.time.com [Source type: Original source]

^ When people get scared, they change their buying habits.
  • CNBC Transcript: Warren Buffett Interview on “Squawk Box” - The Page by Mark Halperin - TIME.com 2 February 2010 11:19 UTC thepage.time.com [Source type: Original source]

^ WALKER: ...over the last two years talking directly to the American people with others about this.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

[44][45]
.In 2009, Buffett divested his failed investment in ConocoPhillips, saying to his Berkshire investors "I bought a large amount of ConocoPhillips stock when oil and gas prices were near their peak.^ Altera, Berkshire Hathaway, DeVry, Yahoo!: US Equity Preview BusinessWeek Billionaire Warren Buffett's insurance and investment company was picked to join the Standard & Poor's 500 Index, the benchmark for US stocks that investors ...
  • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

^ January 29, 04:44PM from ( www.forbes.com ) Collapsing crude oil and natural gas prices hit the U.S. oil major's refining business hard.
  • Warren Buffett - Berkshire Hathaway Portfolio - See Top Holdings and Performance Graph at tickerspy.com 2 February 2010 11:19 UTC www.tickerspy.com [Source type: General]

^ The Idealistic Investor » Blog Archive » Profit from the Recession Using Warren Buffett’s Advice March 11th, 2009 7:43 pm [...
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

I in no way anticipated the dramatic fall in energy prices that occurred in the last half of the year. .I still believe the odds are good that oil sells far higher in the future than the current $40-$50 price.^ There are more votes in the $50,000 range than there are at the higher range.
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

^ As far as Buffet's AA paying a higher income tax rate than Mr. Buffet, let's put that myth to rest.
  • Warren Buffett: Tax 'the hides of guys like me': The Swamp 28 January 2010 2:02 UTC www.swamppolitics.com [Source type: General]

^ Dude, let’s face it, doing something on an adventure is far more likely to happen to you than ;) going quietly into that good night.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

But so far I have been dead wrong. Even if prices should rise, moreover, the terrible timing of my purchase has cost Berkshire several billion dollars".[46]
.2009 - Proposed merger with the Burlington Northern Santa Fe Railway (BNSF), to close upon BNSF shareholder approval in 1Q2010. This deal is valued at approximately $34 billion and reflects an increase of a previously existing stake of about 22%.^ Schering-Plough closed at $17.63, and, at current values, this is $23.61 for Schering-Plough for a total of $41.1 billion for this deal.
  • CNBC Transcript: Warren Buffett Interview on “Squawk Box” - The Page by Mark Halperin - TIME.com 2 February 2010 11:19 UTC thepage.time.com [Source type: Original source]

^ S&P 100 and S&P 500 indexes after Berkshire acquires Burlington Northern Santa Fe.
  • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

.2009 Verisk stock acquisition- before Verisk (ISO [Insurance Services Office]) went public, Buffett owned about 5%.^ But there’s nothing fair about Buffett getting a bailout, about exploiting the taxpaying public for his own gain.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ Buffett’s betrayal,” Reuters’ blogger Rolfe Winkler has a poignant comment this morning about Warren Buffett: Berkshire Hathaway, in which Buffett owns 27 percent, according [...
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ We have a pretty good deal tax-wise in this country, but let\’s face it, nobody ever went wrong running for office complaining about taxes.
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

When Verisk went public in May 2009, Buffett purchased 6% more of Verisk.

Personal life

Buffett married Susan Buffett née Thompson in 1952. They had three children, Susie, Howard, and Peter. The couple began living separately in 1977, although they remained married until her death in July 2004. Their daughter, Susie, lives in Omaha and does charitable work through the Susan A. Buffett Foundation and is a national board member of Girls, Inc. In 2006, on his seventy-sixth birthday, Warren married his never-married longtime-companion, Astrid Menks, who was then sixty years old. She had lived with him since his wife's departure in 1977 to San Francisco.[47] .It was Susan Buffett who arranged for the two to meet before she left Omaha to pursue her singing career.^ Although the day or two before he went over he was playing at a bridge tournament in Omaha and then he came back to Omaha almost directly from the Olympics after about a week over there.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

.All three were close and holiday cards to friends were signed "Warren, Susie and Astrid".[48] Susan Buffett briefly discussed this relationship in an interview on the Charlie Rose Show shortly before her death, in a rare glimpse into Buffett's personal life.^ Tim had the rare opportunity to ask Warren Buffett this question in person.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ Charlie Rose interview with Warren Buffett Oct 2 2008 .

^ Everything Warren Buffett: Charlie Rose interview with Warren Buffett Oct 2 2008 skip to main .

[49]
His 2006 annual salary was about $100,000, which is small compared to senior executive remuneration in comparable companies.[50] .In 2007, and 2008, he earned a total compensation of $175,000, which included a base salary of just $100,000.[51][52] He lives in the same house in the central Dundee neighborhood of Omaha that he bought in 1958 for $31,500, today valued at around $700,000 (although he also does have a $4 million house in Laguna Beach, California).^ He also lived in the same house for forty years.
  • Warren Buffett: Tax 'the hides of guys like me': The Swamp 28 January 2010 2:02 UTC www.swamppolitics.com [Source type: General]

^ Vanguard’s fees are hard to beat if you have $1000, $100,000, or the million.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ He also only pays fica on the first $95,000 of income not the millions he earns.
  • Warren Buffett: Tax 'the hides of guys like me': The Swamp 28 January 2010 2:02 UTC www.swamppolitics.com [Source type: General]

[53] .In 1989 after having spent nearly 10 million dollars[54] of Berkshire's funds on a private jet, Buffett sheepishly named it "The Indefensible". This act was a break from his past condemnation of extravagant purchases by other CEOs and his history of using more public transportation.^ So the million dollar trust fund kid who pays zero in taxes becuase investments are not taxed as high will pay as much as you and I for what they consume.
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

^ We have one of the most transparent governments in human history, and a public that\’s not interested in the details, and that\’s a more fundamental problem than can bd solved by better forms and reports.
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

^ But investing a million dollars in real estate can give you a REALIZED monthly income of $10,000 in less than a year.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

[55]
He remains an avid player of the card game bridge, which he learned from Sharon Osberg, and plays with her and Bill Gates.[56] He spends twelve hours a week playing the game.[57] In 2006, he sponsored a bridge match for the Buffett Cup. .Modeled on the Ryder Cup in golf, held immediately before it, and in the same city, a team of twelve bridge players from the United States took on twelve Europeans in the event.^ You were in Las Vegas just before the United States basketball team left to go over.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

He is a dedicated, lifelong follower of Nebraska football, and attends as many games as his schedule permits. .He supported the hire of Bo Pelini following the 2007 season stating, "It was getting kind of desperate around here".[58] He watched the 2009 game against Oklahoma from the Nebraska sideline after being named an honorary assistant coach.^ You're getting desperate, RNC Brucie and I'm loving watching the Republic Party come unhinged...
  • Warren Buffett: Tax 'the hides of guys like me': The Swamp 28 January 2010 2:02 UTC www.swamppolitics.com [Source type: General]

[59]
.Warren Buffett worked with Christopher Webber on an animated series with chief Andy Heyward, of DiC Entertainment, and then A Squared Entertainment.^ Hard work and diligence — AKA Warren Buffett — never go out of style.
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

^ Warren Buffett: Well, I don't get that afraid in a sense because I really do have faith in both -- I know the country works extremely well.

^ MOTLEY FOOL: Seriously, Warren Buffett Is a Better...

.The series features Buffett and Munger, and teaches children healthy financial habits for life.^ Teach Yourself CBT by Wilding & Milne is part of the Teach Yourself series of self-improv Healthy at 100: The Scientifically Proven Secrets of the World..
  • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

[60][61]
Buffett was raised Presbyterian but has since described himself as agnostic [62] when it comes to religious beliefs. In December 2006 it was reported that Buffett does not carry a cell phone, does not have a computer at his desk, and drives his own automobile,[63] a Cadillac DTS.[64]
.Buffett wears tailor-made suits from the Chinese label Trands; earlier he used to wear Ermenegildo Zegna.^ QUICK: You know, Carl, we've been talking earlier in the week about what some of the Chinese media had been reporting about Buffett, about Bill Gates.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

[65]

Lineage

Buffett's DNA report revealed that his paternal ancestors hail from northern Scandinavia, while his maternal ancestors most likely have roots in Iberia or Estonia.[66] .On his mother's side he is a distant cousin of singer Harry Chapin[67] Despite widespread suggestions to the contrary, and the casual friendship which has developed between their families, Buffett has no clear relation to the well-known singer Jimmy Buffett.^ Warren Buffett: Well, no, but I mean it's not their job to know the candidacy of people.

^ Warren Buffett: Well, there is no question we have an access stock.

^ BUFFETT: Well, the best thing they could find is if there weren't any housing starts, then we would clear up the inventory much quicker.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

Recognition

.In 1999, Buffett was named the top money manager of the twentieth century in a survey by the Carson Group, ahead of Peter Lynch and John Templeton.^ (Buffett).He had acess to the top information, and was down 30 to 40% even with taking taxpayer money.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

[68] .In 2007, he was listed among Time's 100 Most Influential People in the world.^ For most people, they don’t have a million in one place, so their time frame, goals, etc.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ Meet 100 real-world millionaires and most of them made it in RE or business, and all of them keep growing a substantial portion of it in RE. .
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ Corporate Knights has announced its sixth annual Global 100 list of the most SocialMedia: click to view national lady gaga day Blogs: It's National Lady Gaga Day!
  • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

[69]

Politics

.In addition to other political contributions over the years, Buffett has formally endorsed and made campaign contributions to Barack Obama's presidential campaign.^ In this instance, a 10 second search of FCC records shows that Warrne Buffett and his family practically finance the Democratic Party, with mega-contributions to (among others) Obama and Clinton.
  • Warren Buffett: Tax 'the hides of guys like me': The Swamp 28 January 2010 2:02 UTC www.swamppolitics.com [Source type: General]

^ BUFFETT: And they sat there, made reports to the Congress, you can get them on the Internet, every year.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

On July 2, 2008, Buffett attended a $28,500 per plate fundraiser for Obama's campaign in Chicago hosted by Obama's National Finance Chair, Penny Pritzker and her husband, as well as Obama advisor Valerie Jarrett.[70] .Buffett backed Obama for president, and intimated that John McCain's views on social justice were so far from his own that McCain would need a "lobotomy" for Buffett to change his endorsement.^ And you would need--you would need people on them that, in effect, the president couldn't ignore after the report came in.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

^ Although I admire John McCain as an individual, but I think that Barack would be better.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

^ If these companies, which Buffett happens to own, were to fail, the entire financial system would have failed.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

[71] .During the second 2008 U.S. presidential debate, candidates John McCain and Barack Obama, after being asked first by presidential debate mediator Tom Brokaw, both mentioned Buffett as a possible future Secretary of the Treasury.^ QUICK: You've had conversations with both campaigns, with the McCain and the Obama campaigns.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

^ Warren Buffett: Well, I think you've got -- I don't think you can have a better secretary of the Treasury than Hank Paulson, you know.

^ I suggest you look into presidential candidate Ron Paul for the 2008 election.
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

[72] Later, in the third and final presidential debate, Obama mentioned Buffett as a potential economic advisor.[73] Buffett was also finance advisor to California Republican Governor Arnold Schwarzenegger during his 2003 election campaign.[74]

Writings

.Warren Buffett's writings include his annual reports and various articles.^ I am writing this mail to Warren Buffett.
  • Think Progress » Warren Buffett: Major Philanthropist and Opponent of Estate Tax Repeal 2 February 2010 11:19 UTC thinkprogress.org [Source type: General]

^ I found a great blog where the blogger had the opportunity to ask a question to Warren Buffett at its annual Berkshire [...
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ The articles provide insights as to some of the values that legendary investor Warren Buffett places on purchasing a business .
  • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

He warned about the pernicious effects of inflation:
.The arithmetic makes it plain that inflation is a far more devastating tax than anything that has been enacted by our legislatures.^ I\’m willing to pay more taxes (I make .
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

^ Buffet helped the banks far more than he should have.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ If someone is unable to manage their personal finances and are broke – owe more than they make; why would anyone vote for or allow them to manage our tax dollars?
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

The inflation tax has a fantastic ability to simply consume capital. .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 taxes during years of 5 percent inflation.^ Let\’s make corporate income tax zero.
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

^ No – if you make enough to pay tax – be happy.
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

^ I\’m willing to pay more taxes (I make .
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

[75]
.In his article The Superinvestors of Graham-and-Doddsville, Buffett refuted the academic Efficient-market hypothesis, that beating the S&P 500 was "pure chance", by highlighting a number of students of the Graham and Dodd value investing school of thought.^ Market hasn’t changed since the days of Graham & Dodd and he never will.” .
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

^ People fail to question the soundness of the decision making, if they did they would fine that most of their decision making is more speculative rather than based on solid value investing as taught by Graham and followed by Buffett.” .
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

^ The student of legendary value investor Ben Graham took on value more ...
  • Warren Buffett - Berkshire Hathaway Portfolio - See Top Holdings and Performance Graph at tickerspy.com 28 January 2010 2:02 UTC www.tickerspy.com [Source type: FILTERED WITH BAYES]
  • Warren Buffett - Berkshire Hathaway Portfolio - See Top Holdings and Performance Graph at tickerspy.com 28 January 2010 2:02 UTC www.tickerspy.com [Source type: FILTERED WITH BAYES]

In addition to himself, Buffett named Walter J. Schloss, Tom Knapp, Ed Anderson (Tweedy, Brown Inc.), Bill Ruane (Sequoia Fund, Inc.), .Charles Munger (Buffett's own business partner at Berkshire), Rick Guerin (Pacific Partners, Ltd.^ Buffett’s betrayal,” Reuters’ blogger Rolfe Winkler has a poignant comment this morning about Warren Buffett: Berkshire Hathaway, in which Buffett owns 27 percent, according [...
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ But do not ignore the work of his business partner – Charlie Munger.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ But while the amount wagered on this business would be quite daunting for most investors, Warren Buffett and Berkshire Hathaway are, of course, in the business of taking risks.
  • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

), and Stan Perlmeter (Perlmeter Investments).[76]
In his November, 1999 Fortune article, he warned of investors' unrealistic expectations:
.Let me summarize what I've been saying about the stock market: I think it's very hard to come up with a persuasive case that equities will over the next 17 years perform anything like--anything like--they've performed in the past 17. If I had to pick the most probable return, from appreciation and dividends combined, that investors in aggregate--repeat, aggregate--would earn in a world of constant interest rates, 2% inflation, and those ever hurtful frictional costs, it would be 6%.^ Anything you can do to help spread this message would be very appreciated!!!
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

^ They've got 20 trillion worth of stocks, very roughly.

^ He and Munger are as giddy as they have been in years about stocks.
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

[77]

Wealth

.In 2008 he was ranked by Forbes as the richest person in the world with an estimated net worth of approximately US$62 billion.^ The richest man in the world — $62 billion and counting.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ In other words, the rest of the world sends about $2 billion a day net of something.

^ Learn some personal finance lessons from the world richest man, Warren Buffett.
  • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

[78] .In 2009, after donating billions of dollars to charity, Buffett was ranked as the second richest man in the United States with a net worth of US$37 billion[79][80] with only Bill Gates ranked higher than Buffett.^ There is a reason that Buffett is worth billions of dollars.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ Nothing to Offer Newsweek He gained the support of business leaders like Bill Gates and Warren Buffett —and of more than one immediate family member of past chairs of the Republican ...
  • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

^ While I admire Buffett for the wisdom he has imparted an innumerable number of us throughout the years, I have to agree with Rolfe that Buffett certainly has his hands on more than a few taxpayer dollars.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

His net worth is up to $47 billion in past 12 months. [4]

Philanthropy

The following quotation from 1988 highlights Warren Buffett's thoughts on his wealth and why he long planned to re-allocate it:
.I don't have a problem with guilt about money.^ This is what freedom is all about…freedom to make choices about how you spend your money but please don\’t saddle the rest of us with your stupid ideas.
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

.The way I see it is that my money represents an enormous number of claim checks on society.^ The White House can request money be spent in certain ways, but it is our Congressional Representatives that make that happen or not.
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

^ Therefore, I can only say take my tax dollars Mr. Buffett and makes lots of money with it and donate it in a way that the government, the banks, and the saints can’t.p.s.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ If I pass away a rich man, is it not my right to pass that money to my kin as I see fit.
  • Warren Buffett: Tax 'the hides of guys like me': The Swamp 28 January 2010 2:02 UTC www.swamppolitics.com [Source type: General]

.It's like I have these little pieces of paper that I can turn into consumption.^ So we send them little pieces of paper.

^ These are two stocks that it seems like every time you turn around are touching new low levels.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

^ But they -- they -- it was very easy to do, because it's very tempting to write numbers on little pieces of paper and you can report the profit you want to, and there is no limit on it.

.If I wanted to, I could hire 10,000 people to do nothing but paint my picture every day for the rest of my life.^ National Lady Gaga Day Draws 100,000+ on Facebook: More than 100,0 National Lady Gaga Day Draws 100,000+ on Facebook: More than 100,000 people..
  • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

^ Loving my life with the use of a VA. Amazing things happen when you don’t have any excuse not to start something you have been wanting to.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ But, if I were, I sincerely doubt that, if given the choice, I would give my extra $10,000,000 to the government when I could use that money to enjoy life, save for retirement or save for my children\’s educations.
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

And the GDP would go up. .But the utility of the product would be zilch, and I would be keeping those 10,000 people from doing AIDS research, or teaching, or nursing.^ When 600,000 more people become unemployed last month, that not only affects those 600,000, it affects them terribly, but it affects everybody else.
  • CNBC Transcript: Warren Buffett Interview on “Squawk Box” - The Page by Mark Halperin - TIME.com 2 February 2010 11:19 UTC thepage.time.com [Source type: Original source]

^ There are 300,000,000 people in the USA. Why not spread a little to those in real need.
  • Think Progress » Warren Buffett: Major Philanthropist and Opponent of Estate Tax Repeal 2 February 2010 11:19 UTC thinkprogress.org [Source type: General]

^ More than 10,000 people had waited on the sidewalks overnight to be first in the doors of the Berkshire Hathaway annual shareholder meeting, and I had made a choice: I would go for the mics instead of the front row.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

I don't do that though. .I don't use very many of those claim checks.^ I don’t use very many of those claim checks.
  • 52 Must Read Quotes from Legendary Investor – Warren Buffett 28 January 2010 2:02 UTC investing-school.com [Source type: FILTERED WITH BAYES]
  • Profile of a Philanthropist: Warren Buffett | The Pakistani Spectator 2 February 2010 11:19 UTC www.pakspectator.com [Source type: News]

^ I don't use very many of those claim checks.
  • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
  • Warren Buffett - Omaha Commons 28 January 2010 2:02 UTC omaha.towncommons.com [Source type: FILTERED WITH BAYES]
  • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
  • Warren Buffett (SIADD) - Alternative History 2 February 2010 11:19 UTC althistory.wikia.com [Source type: FILTERED WITH BAYES]
  • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]
  • Is Warren Buffett a Terrible Person? - The Atlantic Business Channel 2 February 2010 11:19 UTC business.theatlantic.com [Source type: General]

^ And I'm going to give virtually all of those "claim checks" (money) to charity when my wife and I die.

.There's nothing material I want very much.^ But they -- they -- it was very easy to do, because it's very tempting to write numbers on little pieces of paper and you can report the profit you want to, and there is no limit on it.

.And I'm going to give virtually all of those claim checks to charity when my wife and I die.^ I guess all the employees of those non-profit charities are also exempt from paying taxes, damn them.
  • Think Progress » Warren Buffett: Major Philanthropist and Opponent of Estate Tax Repeal 2 February 2010 11:19 UTC thinkprogress.org [Source type: General]

^ We're going to talk about all of that when we come up, and we'll be checking in with questions from more viewers across the country, too.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

^ Again, why not sell the shares first, pay those taxes he wants to pay, then give to charity?
  • Warren Buffett: Tax 'the hides of guys like me': The Swamp 28 January 2010 2:02 UTC www.swamppolitics.com [Source type: General]

(Lowe 1997:165–166)
From a NY Times article: "I don't believe in dynastic wealth", Warren Buffett said, calling those who grow up in wealthy circumstances "members of the lucky sperm club".[81] Buffett has written several times of his belief that, in a market economy, the rich earn outsized rewards for their talents:
A market economy creates some lopsided payoffs to participants. .The right endowment of vocal chords, anatomical structure, physical strength, or mental powers can produce enormous piles of claim checks (stocks, bonds, and other forms of capital) on future national output.^ Every time he buys a stock or a business or some other investment, he’s forecasting the future.
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

Proper selection of ancestors similarly can result in lifetime supplies of such tickets upon birth. .If zero real investment returns diverted a bit greater portion of the national output from such stockholders to equally worthy and hardworking citizens lacking jackpot-producing talents, it would seem unlikely to pose such an insult to an equitable world as to risk Divine Intervention.^ I would also add some income producing real estate in the form of a well diversified, low cost REIT index fund.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ Oh, and yes, part of the $1 million should be put in direct real estate investments such as residential and commerical via syndicate deals.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ I seem to recall that Berkshire is exempt from having to make timely reports on its investments, so that such news will not roil the markets.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

[82]
His children will not inherit a significant proportion of his wealth. .These actions are consistent with statements he has made in the past indicating his opposition to the transfer of great fortunes from one generation to the next.^ Good god Brazil’s been doing great (EWZ)..I predict Argentina will be next..one word my commodity-loving friends: soybeans .
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ Does that mean you didn't get a great reception from either one of these two when you sat down with them?
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

^ Multiply that one federal agency by a couple dozen, then ask OMB to hire some more geeks to reconcile these statements, and … well you get the idea.
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

[83] Buffett once commented, "I want to give my kids just enough so that they would feel that they could do anything, but not so much that they would feel like doing nothing".[84]
In 2006, he auctioned his 2001 Lincoln Town Car[85] on eBay to raise money for Girls, Inc.[86]
In 2007, he auctioned a luncheon with himself that raised a final bid of $650,100 for a charity.[87]
.In 2006, he announced a plan to give away his fortune to charity, with 83% of it going to the Bill & Melinda Gates Foundation.^ He is giving away his money for charities.
  • Think Progress » Warren Buffett: Major Philanthropist and Opponent of Estate Tax Repeal 2 February 2010 11:19 UTC thinkprogress.org [Source type: General]

^ Bill Gates Foundation so as to avoid paying "death tax" to the fed...Or is "conscience" that you gave to a charitable fund instead of pay your "fair share" tax .
  • Warren Buffett: Tax 'the hides of guys like me': The Swamp 28 January 2010 2:02 UTC www.swamppolitics.com [Source type: General]

^ And they’re coming to town.No amount of happy-face greenwashing a la Gates Foundation is going to save the guilty parties.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

[88] .In June 2006, Buffett gave approximately 10 million Berkshire Hathaway Class B shares to the Bill & Melinda Gates Foundation (worth approximately US$30.7 billion as of 23 June 2006)[89] making it the largest charitable donation in history and Buffett one of the leaders in the philanthrocapitalism revolution.^ June 27th, 2006 at 10:04 am .
  • Think Progress » Warren Buffett: Major Philanthropist and Opponent of Estate Tax Repeal 2 February 2010 11:19 UTC thinkprogress.org [Source type: General]

^ June 26th, 2006 at 7:10 pm .
  • Think Progress » Warren Buffett: Major Philanthropist and Opponent of Estate Tax Repeal 2 February 2010 11:19 UTC thinkprogress.org [Source type: General]

^ June 27th, 2006 at 1:10 pm .
  • Think Progress » Warren Buffett: Major Philanthropist and Opponent of Estate Tax Repeal 2 February 2010 11:19 UTC thinkprogress.org [Source type: General]

[90] .The foundation will receive 5% of the total donation on an annualised basis each July, beginning in 2006. Buffett also will join the board of directors of the Gates Foundation, although he does not plan to be actively involved in the foundation's investments.^ A couple of things…First of all, Buffett lives off his meager 100K per year salary and has already committed to donating his entire estate to the Gates foundation upon his death.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ Does anyone think the Rockefellers or Buffett or Bill Gates pay ONE CENT in Death Taxes?
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ Gates is now more active in his philanthropy foundation and has stepped back in his role within Microsoft).
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

[91][92][citation needed]
.This is a significant shift from previous statements Buffett has made, having stated that most of his fortune would pass to his Buffett Foundation.^ Warren Buffett is the largest private shareholder in America so he would get hurt the most on an absolute scale but he still proposes the necessary actions.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ I also wonder how much of Warren Buffett’s fortune would be paid in estate taxes and how that compares to how much he is donating?
  • Think Progress » Warren Buffett: Major Philanthropist and Opponent of Estate Tax Repeal 2 February 2010 11:19 UTC thinkprogress.org [Source type: General]

^ But while the amount wagered on this business would be quite daunting for most investors, Warren Buffett and Berkshire Hathaway are, of course, in the business of taking risks.
  • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

[93] The bulk of the estate of his wife, valued at $2.6 billion, went to that foundation when she died in 2004.[94]
He also pledged $50-million to the Nuclear Threat Initiative, in Washington, where he has served as an adviser since 2002.[95]
.On 27 June 2008, Zhao Danyang, a general manager at Pure Heart China Growth Investment Fund, won the 2008 5-day online "Power Lunch with Warren Buffett" charity auction with a bid of $2,110,100. Auction proceeds benefit the San Francisco Glide Foundation.^ Warren Buffett: Well, I got a call this morning from a friend of mine at Goldman Sachs saying they might be interested in such an investment.

^ Charlie Rose interview with Warren Buffett Oct 2 2008 .

^ Everything Warren Buffett: Charlie Rose interview with Warren Buffett Oct 2 2008 skip to main .

[96][97]

Public positions

Buffett's speeches are known for mixing business discussions with humor. .Each year, Buffett presides over Berkshire Hathaway's annual shareholder meeting in the Qwest Center in Omaha, Nebraska, an event drawing over 20,000 visitors from both United States and abroad, giving it the nickname "Woodstock of Capitalism".[98] Berkshire's annual reports and letters to shareholders, prepared by Buffett, frequently receive coverage by the financial media.^ Entepreneurs’ Organization (EO) event in Omaha prior to my successful Warren Buffett quest at the annual Berkshire Hathaway shareholders [...
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ Berkshire Hathaway annual shareholder meeting.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ Keeping this in mind, I was struck by Buffett’s letter to Berkshire shareholders this year: .
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

Buffett's writings are known for containing literary quotes ranging from the Bible to Mae West,[99] as well as Midwestern advice, and numerous jokes. .Various websites extol Buffett's virtues while others decry Buffett’s business models or dismiss his investment advice and decisions.^ That’s one reason Buffett’s favorite holding period for investments in “outstanding businesses with outstanding managements” is “forever.” After all, ”We don’t get paid for activity, just for being right.
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

^ Her good training taught me, early on, to follow Buffett’s investment advice.
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

^ Every time he buys a stock or a business or some other investment, he’s forecasting the future.
  • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

Buffett and tobacco

During the RJR Nabisco, Inc. hostile takeover fight in 1987, Buffett was quoted as telling John Gutfreund:
.I’ll tell you why I like the cigarette business.^ I'll tell you what is frequently said.
  • Warren Buffett: Tax 'the hides of guys like me': The Swamp 28 January 2010 2:02 UTC www.swamppolitics.com [Source type: General]

^ Now tell me, why do Repubs not like him?
  • Warren Buffett: Tax 'the hides of guys like me': The Swamp 28 January 2010 2:02 UTC www.swamppolitics.com [Source type: General]

^ Travis Chapman, Would you like to explain why a Administrative Assistant pays more income tax than Warren Buffet and other billionaires?
  • Warren Buffett: Tax 'the hides of guys like me': The Swamp 28 January 2010 2:02 UTC www.swamppolitics.com [Source type: General]

It costs a penny to make. Sell it for a dollar. It’s addictive. And there’s fantastic brand loyalty.[100]
Speaking at Berkshire Hathaway Inc.'s 1994 annual meeting, Buffett said investments in tobacco are:
fraught with questions that relate to societal attitudes and those of the present administration. .I would not like to have a significant percentage of my net worth invested in tobacco businesses.^ I would like to hear an opinion from an obviously successful business man, which is an aspect that we all seem to agree upon.
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

^ I like your small business idea so much, I am printing this out to give to my boss.
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

^ The argument that some here are taking is that if an investment were available in some slave-holding operation in a country that had not made it illegal, it would be immoral as a fund manager to NOT invest in it if it increased your investors net worth.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

The economy of the business may be fine, but that doesn't mean it has a bright future.[101]

Buffett and coal

In 2007, Buffett's PacifiCorp, a subsidiary of his MidAmerican Energy Company, canceled six proposed coal-fired power plants. These included Utah's Intermountain Power Project Unit 3, Jim Bridger Unit 5, and four proposed plants previously included in PacifiCorp's Integrated Resource Plan. .The cancellations came in the wake of pressure from regulators and citizen groups, including a petition drive organized by Salt Lake City commercial real estate broker Alexander Lofft and directed at Buffett personally.^ Maybe Warren Buffett, John Kerry's economic adviser, loves the estate tax because he stands to benefit from the tax personally?
  • Warren Buffett: Tax 'the hides of guys like me': The Swamp 28 January 2010 2:02 UTC www.swamppolitics.com [Source type: General]

^ I may not be Buffet, but with a $million, invest in commercial Real Estate.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ Cash flow real estate with at least 15%+ annual ROI – preferably apartment buildings in central areas of a a major city.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

.The 1,600 petitioners, who described themselves in a letter to Buffett as "a collection of citizens, business owners and managers, service professionals, public servants, and organization representatives ...^ BRK is nothing more than a collection of private investors (pension funds, municipal funds, private citizens) whose money Buffett has a duty to protect and to grow.Third, who didn’t benefit from the TARP et al bailouts?
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ One daughter is a public health nurse, one is getting an MBA in business, and another has a Master\’s in psychology and is a Manager in a regional pool business.
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

^ If you read the letters to the shareholders you would know that Buffett is not a big fan of banks as business models in general, because they require so much leverage.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

your friends and new customers here in Utah," explained that, in their view, any further expansion of coal generation in Utah would "compromise our health, obscure our viewsheds, shrink and contaminate our watersheds, and thin out our most beloved snow pack," concluding that "our attractiveness as a place to live and work is also threatened, and so is our economic competitiveness as a major metro area and a state, compromising our recent gains in income and property values".[102]

Klamath river

.American Indian tribes and salmon fisherman sought to win support from Warren Buffett for a proposal to remove four hydroelectric dams from the Klamath River.^ Warren Buffett is the largest private shareholder in America so he would get hurt the most on an absolute scale but he still proposes the necessary actions.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ UPI.COM: Buffett supports healthcare reform bill TMCNET.COM : Warren Buffett Sends a Letter to TMC'...

^ CNBC: Short Seller Wins Bet Against Warren Buffett...

He had David Sokol respond that the FERC would decide the question.[103][104]

Trade deficit

.Buffett views the United States' expanding trade deficit as a trend that will devalue the US dollar and US assets.^ While I admire Buffett for the wisdom he has imparted an innumerable number of us throughout the years, I have to agree with Rolfe that Buffett certainly has his hands on more than a few taxpayer dollars.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ F-22 Raptor Status Active: 91[1] Planned: 183 Primary user United States Air Force Unit cost US$137.7 million as of 2007 .
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

^ This [showing US dollar banknotes] is Warren Buffett toilet paper, claims Keiser.
  • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

.He believes that the US dollar will lose value in the long run, as a result of putting a larger portion of ownership of US assets in the hands of foreigners.^ While I admire Buffett for the wisdom he has imparted an innumerable number of us throughout the years, I have to agree with Rolfe that Buffett certainly has his hands on more than a few taxpayer dollars.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ He claims the \”drug addict spending\” you mentioned is driving the value of the dollar way down and setting us up for some serious inflation.
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

^ You could comment on which candidates have a plan to help increase the value of the dollar and help better run our country from an economical aspect.
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

.In his letter to shareholders in March, 2005, Warren Buffett predicted that in another ten years’ time the net ownership of the U.S. by outsiders would amount to $11 trillion.^ When I was 14, Warren Buffett wrote me a letter.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ Keeping this in mind, I was struck by Buffett’s letter to Berkshire shareholders this year: .
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ And The Times did that story earlier in the week about whether or not Bill Gates had rented out a penthouse for a year, and whether or not Warren was staying there.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

Americans ... would chafe at the idea of perpetually paying tribute to their creditors and owners abroad. A country that is now aspiring to an ‘ownership society’ will not find happiness in — and I’ll use hyperbole here for emphasis — a 'sharecropping society’.
Author Ann Pettifor has adopted the image in her writings and has stated: "He is right. And so the thing we must fear most now, is not just the collapse of banks and investment funds, or of the international financial architecture, but of a 'sharecropper society, angry at its downfall".[105]

Dollar and gold

.This induced Buffett to enter the foreign currency market for the first time in 2002. However, he substantially reduced his stake in 2005 as changing interest rates increased the costs of holding currency contracts.^ FinData - New Zealand Stock Exchange [NZX] Announcements SSH (Healthcare Industry Limited) - Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest Section 23 and 24, Securities Markets Act 1988 Relevan...

^ In the current market, the future rates are projected to drop from the Fed several times in order to restart the economy, given the history of the Fed over the past 30 years.
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

^ But we figured while we had Warren Buffett here and we're in this movie theater of sorts, Warren, we'd ask you about the first time you ever took a date to a movie theater.
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

.Buffett continues to be bearish on the dollar, and says he is looking to make acquisitions of companies which derive a substantial portion of their revenues from outside the United States.^ Therefore, I can only say take my tax dollars Mr. Buffett and makes lots of money with it and donate it in a way that the government, the banks, and the saints can’t.p.s.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ That dividend of $1.52 that Merck pays for that 6.7 percent yield, the company says it's going to try to continue to pay that dividend.
  • CNBC Transcript: Warren Buffett Interview on “Squawk Box” - The Page by Mark Halperin - TIME.com 2 February 2010 11:19 UTC thepage.time.com [Source type: Original source]

^ Now those companies are not making as much and nobody says anything and gas is STILL expensive.
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

Buffett emphasized the non-productive aspect of a gold standard for the USD in 1998 at Harvard:
It gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.
In 1977 Buffett was also quoted as saying about stocks, gold, farmland, and inflation:
stocks are probably still the best of all the poor alternatives in an era of inflation — at least they are if you buy in at appropriate prices.[106]

Taxes

.Buffett stated that he only paid 19% of his income for 2006 ($48.1 million) in total federal taxes (due to them being from dividends & capital gains), while his employees paid 33% of theirs, despite making much less money.^ Now – how much income do you think I paid taxes on?
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

^ Capital gains tax is another story.
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

^ They think the company could make even more money if it paid its workers less -- like Wal-Mart does.
  • Warren Buffett: Tax 'the hides of guys like me': The Swamp 28 January 2010 2:02 UTC www.swamppolitics.com [Source type: General]

[107] .On the other hand in 2008 Berkshire Hathaway paid $1.9 billion in federal corporate income taxes on $7.5 billion in earnings (more than 26% in federal taxes alone).^ For 2006, the rich have paid more taxes than any other time in history.
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

^ While I admire Buffett for the wisdom he has imparted an innumerable number of us throughout the years, I have to agree with Rolfe that Buffett certainly has his hands on more than a few taxpayer dollars.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ Your time and energy are more profitable earning a larger income.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

[108] .Buffett favors the inheritance tax, saying that repealing it would be like "choosing the 2020 Olympic team by picking the eldest sons of the gold-medal winners in the 2000 Olympics".[109] In 2007, Buffett testified before the Senate and urged them to preserve the estate tax so as to avoid a plutocracy.^ Buffett said repealing the estate tax “would be a terrible mistake,” the equivalent of “choosing the 2020 Olympic team by picking the eldest sons of the gold-medal winners in the 2000 Olympics.” … .
  • Think Progress » Warren Buffett: Major Philanthropist and Opponent of Estate Tax Repeal 2 February 2010 11:19 UTC thinkprogress.org [Source type: General]

^ Democrats mainly call its repeal a windfall for the nation's wealthiest, while Republicans say the so-called "death tax'' burdens many small businessmen and farmers as well.
  • Warren Buffett: Tax 'the hides of guys like me': The Swamp 28 January 2010 2:02 UTC www.swamppolitics.com [Source type: General]

^ So the uber-rich shifted their purchases like yaghts from US facilities to overseas facilities where they would not have to pay the tax.
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

[110] .Some critics have argued that Buffett (through Berkshire Hathaway) has a personal interest in the continuation of the estate tax, since Berkshire Hathaway has benefited from the estate tax in past business dealings and had developed and marketed insurance policies to protect policy holders against future estate tax payments.^ Anything that is legitimately a small business is already protected from the estate tax.
  • Warren Buffett: Tax 'the hides of guys like me': The Swamp 28 January 2010 2:02 UTC www.swamppolitics.com [Source type: General]

^ I'm sure that Berkshire Hathaway's considerable life insurance holdings (or the number of companies Buffett bought at a discount from families struggling to pay estate taxes) has anything to do with his stance?
  • Warren Buffett: Tax 'the hides of guys like me': The Swamp 28 January 2010 2:02 UTC www.swamppolitics.com [Source type: General]

^ Berkshire Hathaway Shares Soar As Warren Buffett Joins the S&P 500 - CNBC: http://www.cnbc.com/id/35086329 Aruba condo www.arubarental.net .
  • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

[111]
.Buffett believes government should not be in the business of gambling, or legalizing casinos, calling it a tax on ignorance.^ The government should stop taxing everything it can.
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

^ There are those who -- you just said you would do it yourself -- there are those who believe and it has been suggested, you know, that this is the time for Warren Buffett to answer the call of his government in a country that’s been very good to him.

^ All dead people have been taxed all their lives what's left should go to their families to keep their business going.Jerry White, Springfield, IL .
  • Warren Buffett: Tax 'the hides of guys like me': The Swamp 28 January 2010 2:02 UTC www.swamppolitics.com [Source type: General]

[112]

Expensing of stock options

He has been a strong proponent of stock option expensing, on the Income Statement. .At the 2004 annual meeting, he lambasted a bill before the United States Congress that would consider only some company-issued stock options compensation as an expense, likening the bill to one once passed by the Indiana House of Representatives that 'changed' Pi from 3.14159 to 3.2 .^ Each bill should be for one thing and one thing only.
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

^ Would you consider doing a debate with the two political candidates that focuses specifically on the economic issues out there?
  • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

^ As stated before, eliminating taxes on small businesses would not only increase commerce, and competition, but would create jobs, make more jobs higher paying, and generate more tax revenue from income taxes on the increased pay employees of small businesses would receive.
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

[113]
.When a company gives something of value to its employees in return for their services, it is clearly a compensation expense.^ You can further increase your expected returns over time by tilting your exposures more heavily to small cap and value companies.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

And if expenses don't belong in the earnings statement, where in the world do they belong?[114]

Investment in China

Energy

Buffett invested in PetroChina Company Limited and in a rare move, posted a commentary[115] on Berkshire Hathaway's website stating why he would not divest from the company despite calls from some activists to do so, due to its connection with the Sudanese civil war that caused Harvard to divest from the company in 2005. He did, however, sell this stake soon afterwards, sparing him the billions of dollars he would have lost had he held on to the company in the midst of the steep drop in oil prices beginning in the summer of 2008.

Automotive

.In October 2008, Buffett invested in new energy automobile business by paying $230 million for 10% of BYD Company(SEHK: 1211), which runs a subsidiary of electric automobile manufacturer BYD Auto.^ Arlo October 23rd, 2008 2:02 am under the “Best books to read for investing and life?” line, did (M) mean Ben Graham or is it really Ben Franklin?
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ Focus on one or two industries and find companies being run by someone with successful experience in that industry; invest in those few companies as directly as you can.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ Used and new from : $3.37 Buy new : $23.10 Rating : The Essays of Warren Buffett : Lessons for Corporate America (Paperback) tagged "warren buffett..
  • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

.In less than one year, the investment has reaped him over 500% return of profit[116].^ When you pass that money to your children, that is INCOME to them, no less than my kids paycheck is income to him.
  • Warren Buffett: Tax 'the hides of guys like me': The Swamp 28 January 2010 2:02 UTC www.swamppolitics.com [Source type: General]

^ But investing a million dollars in real estate can give you a REALIZED monthly income of $10,000 in less than a year.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ If you click around, you can find a balance sheet from this past year (where it claims we spent less than the previous year – something doesn\’t seem right with that information).
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

Works

  • The Essays of Warren Buffett : Lessons for Corporate America, Warren Buffett and Lawrence A. Cunningham, The Cunningham Group; revised edition (April 11, 2001), ISBN 978-0966446111
  • The Essays of Warren Buffett: Lessons for Corporate America, Second Edition, Warren E. Buffett and Lawrence A. Cunningham, The Cunningham Group; 2nd edition (April 14, 2008), ISBN 978-0966446128

Books about Warren Buffett

.Numerous books have been written about Warren Buffett and his investment strategies.^ Warren Buffett was deceptive about his tax.
  • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

^ Warren Buffett: Well, I got a call this morning from a friend of mine at Goldman Sachs saying they might be interested in such an investment.

^ The book that explains this simple but effective investment strategy is: .
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

.In October 2008, USA Today reported that there were at least 47 books in print with Buffett's name in the title.^ Arlo October 23rd, 2008 2:02 am under the “Best books to read for investing and life?” line, did (M) mean Ben Graham or is it really Ben Franklin?
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ Peter Nurman June 18th, 2008 10:46 am Hey Tim, I just finished reading your book today and it’s awesome!
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ The title of the book is a mild retort to “The Intelligent Investor,” which informed Buffett’s career.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

.The article quoted the CEO of Borders Books, George Jones, as saying that the only other living persons named in as many book titles were U.S. presidents, major world political figures, and the Dalai Lama.^ Charlie Rose: You -- when you look at the prospects for this country, there are other people who argue, you know, that America, as good as it is, lives in a world today and there are books being written in which our supremacy, our primacy will now have to be shared.

^ Brandon W June 12th, 2008 6:22 am The best thing anyone can read on personal finance and investing is a little book written in pieces from the 1920’s to 1940’s titled “The Richest Man In Babylon” by George S. Clason.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

^ I’d say just find a strategy that let’s you live away from the stockmarket, sleep at night, and enjoy the rest of the world outside of finance.
  • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

[117] .Buffett said that his own personal favorite is a collection of his essays called The Essays of Warren Buffett,[118] which he described as "a coherent rearrangement of ideas from my annual report letters" as edited by Larry Cunningham.^ Warren Buffett: My pleasure, Charlie.

^ When I was 14, Warren Buffett wrote me a letter.
  • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

^ Warren Buffett: That's my job.

[117]
Some best-selling, or otherwise notable, books about Buffett:
.
  • Roger Lowenstein, Buffett, Making of an American Capitalist
  • Robert Hagstrom, The Warren Buffett Way.^ Therefore, I can only say take my tax dollars Mr. Buffett and makes lots of money with it and donate it in a way that the government, the banks, and the saints can’t.p.s.
    • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

    ^ Ben FrantzDale June 24th, 2008 6:53 pm A lot of similar Buffett wisdom can be had in The Warren Buffett Way .
    • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

    ^ Warren Buffett: And I'm not worried they're all about the investments we make.

    [119] .(As of 2008, the bestselling book about Buffett.^ Brandon W June 12th, 2008 2:03 pm As I mentioned in an earlier comment, the book “The Richest Man in Babylon” takes a similar approach to investing as Buffett.
    • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

    ^ Bookmarks about Buffett August 16th, 2008 10:59 am [...
    • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

    )[117]
  • .
  • Alice Schroeder, The Snowball: Warren Buffett and the Business of Life.^ Related Links Political Animal - New Zealand Politics Share Investor Blog - Stockmarket & Business commentary Share Investor New Zealand Business News - Get more business news Shareinvestorforum.com - Discuss this topic further The Snowball: Warren Buffett and the Business of Life by Alice Schroeder Buy new: $19.75 .

    ^ The articles provide insights as to some of the values that legendary investor Warren Buffett places on purchasing a business .
    • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

    ^ BOOK REVIEW: Warren Buffett on Business PR NEWSWIRE: Cadbury Bidding war bad for UK Worker...

    [120] (Written with Buffett's cooperation.)[121]
  • Mary Buffett and David Clark, Buffettology[122] and four subsequent books. .(Combined sales of more than 1.5 million copies.^ But if playing it safe isn’t for you then you are more than welcome to give me the million dollars and I would be more than happy to party it up in the previously described manner!
    • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

    ^ As the estate tax law is now constituted, by 2009 only families worth more than $7 million will pay even a penny in estate taxes.
    • Think Progress » Warren Buffett: Major Philanthropist and Opponent of Estate Tax Repeal 2 February 2010 11:19 UTC thinkprogress.org [Source type: General]

    ^ The fact of the matter is that less than 1% of the people that died in 2004 paid any estate tax at all, and half of the revenue from that tax came from estates valued at $10 million or more.
    • Think Progress » Warren Buffett: Major Philanthropist and Opponent of Estate Tax Repeal 2 February 2010 11:19 UTC thinkprogress.org [Source type: General]

    )[117]
  • .
  • Janet Lowe, Warren Buffett Speaks: Wit and Wisdom from the World's Greatest Investor.^ Warren Buffett, the world s second-richest man, announced this week that he plans to … [...
    • Think Progress » Warren Buffett: Major Philanthropist and Opponent of Estate Tax Repeal 2 February 2010 11:19 UTC thinkprogress.org [Source type: General]

    ^ Ben FrantzDale June 24th, 2008 6:53 pm A lot of similar Buffett wisdom can be had in The Warren Buffett Way .
    • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

    ^ Political Animal Share Investor Blog Share Investor Group Websites Share Investor News Share Investor's Daily Forex Updates Shareinvestor.net.nz Warren Buffett Bookstore Warren Buffett TV .

    [123]
  • .
  • John Train, The Midas Touch: The Strategies That Have Made Warren Buffett 'America's Preeminent Investor'.[124]
  • Andrew Kilpatrick, Of Permanent Value: The Story of Warren Buffett.^ Used and new from : $3.37 Buy new : $23.10 Rating : The Essays of Warren Buffett : Lessons for Corporate America (Paperback) tagged "warren buffett..
    • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

    ^ Political Animal Share Investor Blog Share Investor Group Websites Share Investor News Share Investor's Daily Forex Updates Shareinvestor.net.nz Warren Buffett Bookstore Warren Buffett TV .

    ^ The articles provide insights as to some of the values that legendary investor Warren Buffett places on purchasing a business .
    • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

    [125] .(The longest of the books about Buffett, with 330 chapters, 1,874 pages and 1,400 photos, weighing 10.2 pounds.^ Bookmarks about Buffett August 16th, 2008 10:59 am [...
    • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

    )[117]
  • .
  • Warren Buffett, Lawrence Cunningham (editor), The Essays of Warren Buffett.^ Used and new from : $3.37 Buy new : $23.10 Rating : The Essays of Warren Buffett : Lessons for Corporate America (Paperback) tagged "warren buffett..
    • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

    ^ Print Tags: Economy , Editors' Picks There's a reason Warren Buffett is so revered: Because he deserves to be.
    • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

    [126] (A rearrangement of the Chairman's letters by topic.)
  • Janet M. Tavakoli, Dear Mr. Buffett: What An Investor Learns 1,269 Miles From Wall Street[127]

References

  1. ^ "Warren E Buffett, CEO Compensation". Forbes.com. 2006-03-30. http://www.forbes.com/lists/2006/12/C0R3.html. Retrieved 2009-02-23. 
  2. ^ http://www.forbes.com/lists/2010/10/billionaires-2010_Warren-Buffett_C0R3.html
  3. ^ "How Does Warren Buffett Get Married? Frugally, It Turns Out". The New York Times. 2006-09-01. http://www.nytimes.com/2006/09/01/business/01buffett.html. Retrieved 2008-05-20. 
  4. ^ "The Greatest Investors: Warren Buffett". Investopedia.com. http://www.investopedia.com/university/greatest/warrenbuffett.asp. Retrieved 2009-03-06. 
  5. ^ Markels, Alex (2007-07-29). "How to Make Money the Buffett Way". U.S. News & World Report. http://www.usnews.com/usnews/biztech/articles/070729/6intro.htm. 
  6. ^ Sullivan, Aline (1997-12-20). "Buffett, the Sage of Omaha, Makes Value Strategy Seem Simple: Secrets of a High Plains Investor". International Herald Tribune. http://www.iht.com/articles/1997/12/20/mbuff.t.php. 
  7. ^ Gogoi, Pallavi (2007-05-08). "What Warren Buffett might buy". MSNBC. http://www.msnbc.msn.com/id/18555690/. Retrieved 2007-05-09. 
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External links

Honorary titles
Preceded by
Ingvar Kamprad
World's Richest Person
?–1995
Succeeded by
Bill Gates
Preceded by
Bill Gates
World's Richest Person
2008–2009
Succeeded by
Bill Gates

Quotes

Up to date as of January 14, 2010

From Wikiquote

Warren Buffett
.Warren Edward Buffett (born 30 August 1930) is an American investor and the CEO of Berkshire Hathaway.^ Who was the father of Warren Edward Buffett?
  • Warren Edward Buffett Facts, information, pictures | Encyclopedia.com articles about Warren Edward Buffett 28 January 2010 2:02 UTC www.encyclopedia.com [Source type: News]

^ Warren Buffett in Berkshire Hathaway never did pay a dividend.
  • OneRiot.com - Warren Buffett Throwing Wrench In Kraft Cadbury Buyout 28 January 2010 2:02 UTC topics.oneriot.com [Source type: FILTERED WITH BAYES]

^ August 30 1930, Omaha, Nebraska) is an American investor, businessperson and philanthropist.
  • Warren Buffet 2 February 2010 11:19 UTC www.spock.com [Source type: General]

Sourced

.
  • [The perfect amount of money to leave children is] enough money so that they would feel they could do anything, but not so much that they could do nothing.^ If they could have the spreads would have been huge.
    • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

    ^ [The perfect amount of money to leave children is] enough money so that they would feel they could do anything, but not so much that they could do nothing.” (Fortune article September 29, 1986 titled “Should You Leave It All to the Children?”) .
    • » Words of Wisdom From Warren Buffett @ fivecentnickel.com 28 January 2010 2:02 UTC www.fivecentnickel.com [Source type: General]

    ^ Warren Buffett - Wikiquote Sourced [The perfect amount of money to leave children is] enough money so that they would feel they could do anything, but not so much that they could do nothing.

  • .I don't have a problem with guilt about money.^ This is what freedom is all about…freedom to make choices about how you spend your money but please don\’t saddle the rest of us with your stupid ideas.
    • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

    .The way I see it is that my money represents an enormous number of claim checks on society.^ The way I see it is that my money represents an enormous number of claim checks on society.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • 52 Must Read Quotes from Legendary Investor – Warren Buffett 28 January 2010 2:02 UTC investing-school.com [Source type: FILTERED WITH BAYES]
    • Warren Buffett Speaks: 25 Best Warren Buffett Quotes on His Strategies, Investments, and Cheap Suits — Bankling 28 January 2010 2:02 UTC bankling.com [Source type: General]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett (SIADD) - Alternative History 2 February 2010 11:19 UTC althistory.wikia.com [Source type: FILTERED WITH BAYES]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]
    • Is Warren Buffett a Terrible Person? - The Atlantic Business Channel 2 February 2010 11:19 UTC business.theatlantic.com [Source type: General]
    • Profile of a Philanthropist: Warren Buffett | The Pakistani Spectator 2 February 2010 11:19 UTC www.pakspectator.com [Source type: News]

    ^ And I'm going to give virtually all of those "claim checks" (money) to charity when my wife and I die.

    ^ The White House can request money be spent in certain ways, but it is our Congressional Representatives that make that happen or not.
    • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

    .It's like I have these little pieces of paper that I can turn into consumption.^ So we send them little pieces of paper.

    ^ It’s like I have these little pieces of paper that I can turn into consumption.
    • 52 Must Read Quotes from Legendary Investor – Warren Buffett 28 January 2010 2:02 UTC investing-school.com [Source type: FILTERED WITH BAYES]
    • Profile of a Philanthropist: Warren Buffett | The Pakistani Spectator 2 February 2010 11:19 UTC www.pakspectator.com [Source type: News]

    ^ It's like I have these little pieces of paper that I can turn into consumption.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Omaha Commons 28 January 2010 2:02 UTC omaha.towncommons.com [Source type: FILTERED WITH BAYES]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett (SIADD) - Alternative History 2 February 2010 11:19 UTC althistory.wikia.com [Source type: FILTERED WITH BAYES]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]
    • Is Warren Buffett a Terrible Person? - The Atlantic Business Channel 2 February 2010 11:19 UTC business.theatlantic.com [Source type: General]

    .If I wanted to, I could hire 10,000 people to do nothing but paint my picture every day for the rest of my life.^ I've arranged my life so that I can do what I want.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ If I wanted to, I could hire 10,000 people to do nothing but paint my picture every day for the rest of my life.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Omaha Commons 28 January 2010 2:02 UTC omaha.towncommons.com [Source type: FILTERED WITH BAYES]
    • 52 Must Read Quotes from Legendary Investor – Warren Buffett 28 January 2010 2:02 UTC investing-school.com [Source type: FILTERED WITH BAYES]
    • Warren Buffett Speaks: 25 Best Warren Buffett Quotes on His Strategies, Investments, and Cheap Suits — Bankling 28 January 2010 2:02 UTC bankling.com [Source type: General]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett (SIADD) - Alternative History 2 February 2010 11:19 UTC althistory.wikia.com [Source type: FILTERED WITH BAYES]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]
    • Is Warren Buffett a Terrible Person? - The Atlantic Business Channel 2 February 2010 11:19 UTC business.theatlantic.com [Source type: General]
    • Profile of a Philanthropist: Warren Buffett | The Pakistani Spectator 2 February 2010 11:19 UTC www.pakspectator.com [Source type: News]

    ^ Then I could do what I wanted to do with my life.
    • How Warren Buffett Made His First Dime | Parade.com 28 January 2010 2:02 UTC www.parade.com [Source type: General]

    .And the GNP would go up.
    But the utility of the product would be zilch, and I would be keeping those 10,000 people from doing AIDS research, or teaching, or nursing.^ But the utility of the product would be zilch, and I would be keeping those 10,000 people from doing AIDS research, or teaching, or nursing.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Omaha Commons 28 January 2010 2:02 UTC omaha.towncommons.com [Source type: FILTERED WITH BAYES]
    • 52 Must Read Quotes from Legendary Investor – Warren Buffett 28 January 2010 2:02 UTC investing-school.com [Source type: FILTERED WITH BAYES]
    • Warren Buffett Speaks: 25 Best Warren Buffett Quotes on His Strategies, Investments, and Cheap Suits — Bankling 28 January 2010 2:02 UTC bankling.com [Source type: General]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett (SIADD) - Alternative History 2 February 2010 11:19 UTC althistory.wikia.com [Source type: FILTERED WITH BAYES]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]
    • Is Warren Buffett a Terrible Person? - The Atlantic Business Channel 2 February 2010 11:19 UTC business.theatlantic.com [Source type: General]
    • Profile of a Philanthropist: Warren Buffett | The Pakistani Spectator 2 February 2010 11:19 UTC www.pakspectator.com [Source type: News]

    ^ And the value would go up.
    • Warren Buffett Post » Philanthropy 2 February 2010 11:19 UTC buffettpost.com [Source type: Original source]

    ^ But the programme of the creation would be zilch, and I would be ownership those 10,000 grouping from doing immunodeficiency research, or teaching, or nursing.
    • Warren Buffett Post » Philanthropy 2 February 2010 11:19 UTC buffettpost.com [Source type: Original source]

    I don't do that though. .I don't use very many of those claim checks.^ I don’t use very many of those claim checks.
    • 52 Must Read Quotes from Legendary Investor – Warren Buffett 28 January 2010 2:02 UTC investing-school.com [Source type: FILTERED WITH BAYES]
    • Profile of a Philanthropist: Warren Buffett | The Pakistani Spectator 2 February 2010 11:19 UTC www.pakspectator.com [Source type: News]

    ^ I don't use very many of those claim checks.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Omaha Commons 28 January 2010 2:02 UTC omaha.towncommons.com [Source type: FILTERED WITH BAYES]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett (SIADD) - Alternative History 2 February 2010 11:19 UTC althistory.wikia.com [Source type: FILTERED WITH BAYES]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]
    • Is Warren Buffett a Terrible Person? - The Atlantic Business Channel 2 February 2010 11:19 UTC business.theatlantic.com [Source type: General]

    ^ And I'm going to give virtually all of those "claim checks" (money) to charity when my wife and I die.

    .There's nothing material I want very much.^ Warren Buffett on Money There's nothing material I want very much.

    ^ There's nothing material I want very much.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Omaha Commons 28 January 2010 2:02 UTC omaha.towncommons.com [Source type: FILTERED WITH BAYES]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett (SIADD) - Alternative History 2 February 2010 11:19 UTC althistory.wikia.com [Source type: FILTERED WITH BAYES]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]
    • Is Warren Buffett a Terrible Person? - The Atlantic Business Channel 2 February 2010 11:19 UTC business.theatlantic.com [Source type: General]

    ^ There’s nothing material I want very much.
    • 52 Must Read Quotes from Legendary Investor – Warren Buffett 28 January 2010 2:02 UTC investing-school.com [Source type: FILTERED WITH BAYES]
    • Warren Buffett Speaks: 25 Best Warren Buffett Quotes on His Strategies, Investments, and Cheap Suits — Bankling 28 January 2010 2:02 UTC bankling.com [Source type: General]
    • Profile of a Philanthropist: Warren Buffett | The Pakistani Spectator 2 February 2010 11:19 UTC www.pakspectator.com [Source type: News]

    .And I'm going to give virtually all of those claim checks to charity when my wife and I die.^ And I'm going to give virtually all of those claim checks to charity when my wife and I die."
    • Warren Buffett - Omaha Commons 28 January 2010 2:02 UTC omaha.towncommons.com [Source type: FILTERED WITH BAYES]

    ^ And I'm going to give virtually all of those claim checks to charity when my wife and I die .

    ^ And I'm going to give virtually all of those claim checks to charity when my wife and I die.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett (SIADD) - Alternative History 2 February 2010 11:19 UTC althistory.wikia.com [Source type: FILTERED WITH BAYES]
    • Is Warren Buffett a Terrible Person? - The Atlantic Business Channel 2 February 2010 11:19 UTC business.theatlantic.com [Source type: General]

    .
    • Quoted by Janet C. Lowe, in Warren Buffett Speaks: Wit and Wisdom from the world's Greatest Investor, (1997) John Wiley & Sons, Inc., pp.^ Buffett to Keep Symetra Stock in ‘Vote of Confidence’ Bloomberg Jan 6 Comment (Update1) Warren Buffett’s Berkshire Hathaway Inc.

      ^ By 5min Warren Buffett speaks out on eco...
      • Nicole Buffett Disowned by Billionaire Grandfather Warren Buffett - Associated Content - associatedcontent.com 28 January 2010 2:02 UTC www.associatedcontent.com [Source type: General]

      ^ (Buffett) is certainly one of the most respected investors in the world, and we take his opinion seriously.
      • Warren Buffett News - The Sacramento Bee 28 January 2010 2:02 UTC topics.sacbee.com [Source type: General]

      .165-166 (ISBN 0-471-16996-X).
  • [Gold] gets dug out of the ground in Africa, or someplace.^ Gold gets dug out of the ground in Africa, or someplace.
    • Warren Buffett is not lured by booming gold | 07 December 2009 | www.commodityonline.com 28 January 2010 2:02 UTC www.commodityonline.com [Source type: General]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ The idea of digging something up out of the ground, you know, in South Africa or someplace and then transporting it to the United States and putting into the ground, you know, in the Federal Reserve of New York, does not strike me as a terrific asset.
    • The Trouble with Warren Buffett - Doug French - Mises Institute 28 January 2010 2:02 UTC mises.org [Source type: FILTERED WITH BAYES]

    ^ Gold gets dug out of the ground in Africa, or someplac....
    • Hot Topics | Warren Buffett | 14-January-2010 | commodityonline.com 28 January 2010 2:02 UTC www.commodityonline.com [Source type: News]

    .Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it.^ Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett 28 January 2010 2:02 UTC www.theoracleofomaha.com [Source type: General]
    • Warren Buffett - Omaha Commons 28 January 2010 2:02 UTC omaha.towncommons.com [Source type: FILTERED WITH BAYES]
    • Stock Investing With Warren Buffett. Investment Advice From a Billionaire. 28 January 2010 2:02 UTC www.surfersam.com [Source type: News]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett is not lured by booming gold | 07 December 2009 | www.commodityonline.com 28 January 2010 2:02 UTC www.commodityonline.com [Source type: General]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]
    • Profile of a Philanthropist: Warren Buffett | The Pakistani Spectator 2 February 2010 11:19 UTC www.pakspectator.com [Source type: News]

    ^ He went around his office, asking people what share of their income they pay in income taxes.
    • Taxes, Warren Buffett, and Paying My Fair Share - Freakonomics Blog - NYTimes.com 28 January 2010 2:02 UTC freakonomics.blogs.nytimes.com [Source type: General]

    ^ As far as Warren not being around forever, believe me when I tell you that there are people ready to step in when he steps down.
    • Warren Buffett Now Works For Me! | LIVING OFF DIVIDENDS & PASSIVE INCOME 28 January 2010 2:02 UTC livingoffdividends.com [Source type: General]

    It has no utility. .Anyone watching from Mars would be scratching their head.^ Anyone watching from Mars would be scratching their head.” .
    • Profile of a Philanthropist: Warren Buffett | The Pakistani Spectator 2 February 2010 11:19 UTC www.pakspectator.com [Source type: News]

    ^ Anyone watching from Mars would be scratching their head.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett 28 January 2010 2:02 UTC www.theoracleofomaha.com [Source type: General]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Anyone watching from Mars would be scratching their head."
    • Warren Buffett - Omaha Commons 28 January 2010 2:02 UTC omaha.towncommons.com [Source type: FILTERED WITH BAYES]
    • Stock Investing With Warren Buffett. Investment Advice From a Billionaire. 28 January 2010 2:02 UTC www.surfersam.com [Source type: News]

    .
    • Harvard, 1998[citation needed]
  • If I was running $1 million today, or $10 million for that matter, I'd be fully invested.^ If I was running $1 million today, or $10 million for that matter, I'd be fully invested.

    ^ Harvard, 1998 [ citation needed ] If I was running $1 million today, or $10 million for that matter, I'd be fully invested.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Had you invested just $10,000 in Buffett's holding company Berkshire Hathaway in 1965, your investment would be worth nearly $30 million today.
    • The Tao of Warren Buffett - The Tao of Warren Buffett inspires, amuses, sharpens the mind, and offers priceless investment savvy that anyone can take to the bank. — by Mary Buffett & David Clark 28 January 2010 2:02 UTC shop.newsmax.com [Source type: General]

    .Anyone who says that size does not hurt investment performance is selling.^ Anyone who says that size does not hurt investment performance is selling.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Top 25 Warren Buffett Quotes ~ market folly 28 January 2010 2:02 UTC www.marketfolly.com [Source type: General]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ Mr Buffett heaped praise on Mr Jain, who joined the company in 1986, saying: “There isn't anyone like Ajit.” .
    • Warren Buffett warns America of 'onslaught of inflation' - Times Online 28 January 2010 2:02 UTC business.timesonline.co.uk [Source type: News]

    ^ The Dividend Guy is not a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities readers or customers should buy or sell for themselves.

    .The highest rates of return I've ever achieved were in the 1950s.^ The highest rates of return I've ever achieved were in the 1950s.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Top 25 Warren Buffett Quotes ~ market folly 28 January 2010 2:02 UTC www.marketfolly.com [Source type: General]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ WB charged a percentage of the return that he achieved over the “risk free rate of return” (10 yr treasury).
    • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

    ^ Always search for the best rates including CD interest rates to get the highest return on your investment money.
    • Warren Buffett is Cashing in his Chips | The StockMasters 28 January 2010 2:02 UTC www.thestockmasters.com [Source type: General]

    I killed the Dow. .You ought to see the numbers.^ You ought to see the numbers.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Top 25 Warren Buffett Quotes ~ market folly 28 January 2010 2:02 UTC www.marketfolly.com [Source type: General]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ NEW: Calculator Premium Bond winners Dig out your bond numbers and see how close you've been to the jackpot .
    • Warren Buffett and the secret of long-term investing | This is Money 28 January 2010 2:02 UTC www.thisismoney.co.uk [Source type: News]

    ^ What we'll see here are failures where the banks were dumb in what they did and you will see a fair number of those.
    • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

    But I was investing peanuts then. .It's a huge structural advantage not to have a lot of money.^ In 1999 he told Business Week “…it’s a huge structural advantage not to have a lot of money.
    • Invest Like Warren Buffett 28 January 2010 2:02 UTC dailyreckoning.com [Source type: General]

    ^ It's a huge structural advantage not to have a lot of money.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Top 25 Warren Buffett Quotes ~ market folly 28 January 2010 2:02 UTC www.marketfolly.com [Source type: General]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]
    • Warren Buffet quotes | devdaily.com 2 February 2010 11:19 UTC www.devdaily.com [Source type: General]

    .I think I could make you 50% a year on $1 million.^ I think I could make you 50% a year on $1 million.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Top 25 Warren Buffett Quotes ~ market folly 28 January 2010 2:02 UTC www.marketfolly.com [Source type: General]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Invest Like Warren Buffett 28 January 2010 2:02 UTC dailyreckoning.com [Source type: General]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ For those who do make it to the top, he has this advice : "If you're in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent."
    • Should Warren Buffett's advice be such a secret? - Personal Finance blog - Money Magazine's More Money 28 January 2010 2:02 UTC moneyfeatures.blogs.money.cnn.com [Source type: General]
    • Should Warren Buffett's advice be such a secret? - Personal Finance blog - Money Magazine's More Money 2 February 2010 11:19 UTC moremoney.blogs.money.cnn.com [Source type: General]

    ^ 'Look at the business you run as if it were the only asset of your family, one that must be operated for the next 50 years and can never be sold'.
    • management styles | leadership styles | Warren Buffett | Bill Gates 28 January 2010 2:02 UTC www.thinkingmanagers.com [Source type: News]

    .No, I know I could.^ No, I know I could.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Top 25 Warren Buffett Quotes ~ market folly 28 January 2010 2:02 UTC www.marketfolly.com [Source type: General]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Invest Like Warren Buffett 28 January 2010 2:02 UTC dailyreckoning.com [Source type: General]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    I guarantee that. .
  • The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs.^ The line separating investment and speculation , which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ "The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs.
    • Top 25 Warren Buffett Quotes ~ market folly 28 January 2010 2:02 UTC www.marketfolly.com [Source type: General]

    ^ View recent entries The Oracle of Omaha .
    • Warren Buffett on 43 People 28 January 2010 2:02 UTC www.43people.com [Source type: FILTERED WITH BAYES]

    .Nothing sedates rationality like large doses of effortless money.^ Nothing sedates rationality like large doses of effortless money.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • 52 Must Read Quotes from Legendary Investor – Warren Buffett 28 January 2010 2:02 UTC investing-school.com [Source type: FILTERED WITH BAYES]
    • Top 25 Warren Buffett Quotes ~ market folly 28 January 2010 2:02 UTC www.marketfolly.com [Source type: General]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • » Words of Wisdom From Warren Buffett @ fivecentnickel.com 28 January 2010 2:02 UTC www.fivecentnickel.com [Source type: General]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ Warren Buffett on Bubbles Nothing sedates rationality like large doses of effortless money.

    ^ But for somebody who sees growing their money as a game and as a challenge, there is nothing like managing your money yourself.
    • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

    .After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball.^ After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett 28 January 2010 2:02 UTC www.theoracleofomaha.com [Source type: General]
    • 52 Must Read Quotes from Legendary Investor – Warren Buffett 28 January 2010 2:02 UTC investing-school.com [Source type: FILTERED WITH BAYES]
    • Top 25 Warren Buffett Quotes ~ market folly 28 January 2010 2:02 UTC www.marketfolly.com [Source type: General]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ After a heady experience of that kink, normally sensible people drift into behavior akin to that of Cinderella at the ball.
    • » Words of Wisdom From Warren Buffett @ fivecentnickel.com 28 January 2010 2:02 UTC www.fivecentnickel.com [Source type: General]

    ^ I mean, June and July, both in terms of credit experience with people that first got into trouble of house payments and now on credit card payments and so on.
    • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

    .They know that overstaying the festivities -- that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future -- will eventually bring on pumpkins and mice.^ They know that overstaying the festivities — that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future — will eventually bring on pumpkins and mice.
    • 52 Must Read Quotes from Legendary Investor – Warren Buffett 28 January 2010 2:02 UTC investing-school.com [Source type: FILTERED WITH BAYES]
    • Top 25 Warren Buffett Quotes ~ market folly 28 January 2010 2:02 UTC www.marketfolly.com [Source type: General]

    ^ It's the present value of all the cash the company will generate in the future.
    • Warren Buffett investing tips 28 January 2010 2:02 UTC www.azcentral.com [Source type: News]

    ^ They know what they want for the future of their families.
    • onPhilanthropy: Articles: An Open Letter to Warren Buffett 28 January 2010 2:02 UTC www.onphilanthropy.com [Source type: Original source]

    .But they nevertheless hate to miss a single minute of what is one helluva party.^ But they nevertheless hate to miss a single minute of what is one helluva party.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett 28 January 2010 2:02 UTC www.theoracleofomaha.com [Source type: General]
    • 52 Must Read Quotes from Legendary Investor – Warren Buffett 28 January 2010 2:02 UTC investing-school.com [Source type: FILTERED WITH BAYES]
    • Top 25 Warren Buffett Quotes ~ market folly 28 January 2010 2:02 UTC www.marketfolly.com [Source type: General]
    • Timeless and Time-Tested Warren Buffett Watch Predictions - Yahoo! Finance 28 January 2010 2:02 UTC biz.yahoo.com [Source type: General]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Timeless and Time-Tested Warren Buffett Watch Predictions - Yahoo! Finance 28 January 2010 2:02 UTC biz.yahoo.com [Source type: General]
    • » Words of Wisdom From Warren Buffett @ fivecentnickel.com 28 January 2010 2:02 UTC www.fivecentnickel.com [Source type: General]
    • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]
    • Timeless and Time-Tested Warren Buffett Watch Predictions - Yahoo! Finance 2 February 2010 11:19 UTC finance.yahoo.com [Source type: General]
    • Timeless and Time-Tested Warren Buffett Watch Predictions - CNBC 2 February 2010 11:19 UTC ori.cnbc.com [Source type: FILTERED WITH BAYES]

    .Therefore, the giddy participants all plan to leave just seconds before midnight.^ Therefore, the giddy participants all plan to leave just seconds before midnight.
    • Warren Buffett 28 January 2010 2:02 UTC www.theoracleofomaha.com [Source type: General]
    • 52 Must Read Quotes from Legendary Investor – Warren Buffett 28 January 2010 2:02 UTC investing-school.com [Source type: FILTERED WITH BAYES]
    • Top 25 Warren Buffett Quotes ~ market folly 28 January 2010 2:02 UTC www.marketfolly.com [Source type: General]
    • Timeless and Time-Tested Warren Buffett Watch Predictions - Yahoo! Finance 28 January 2010 2:02 UTC biz.yahoo.com [Source type: General]
    • Timeless and Time-Tested Warren Buffett Watch Predictions - Yahoo! Finance 28 January 2010 2:02 UTC biz.yahoo.com [Source type: General]
    • » Words of Wisdom From Warren Buffett @ fivecentnickel.com 28 January 2010 2:02 UTC www.fivecentnickel.com [Source type: General]
    • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]
    • Warren Buffett 2 February 2010 11:19 UTC www.lioninvestor.com [Source type: General]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]
    • Timeless and Time-Tested Warren Buffett Watch Predictions - Yahoo! Finance 2 February 2010 11:19 UTC finance.yahoo.com [Source type: General]
    • Timeless and Time-Tested Warren Buffett Watch Predictions - CNBC 2 February 2010 11:19 UTC ori.cnbc.com [Source type: FILTERED WITH BAYES]

    ^ Inside Big Brother Just 48 hours before the final, the favourite to take the crown has changed for the second time this SocialMedia: Morning!
    • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

    ^ All of this helps explain why Berkshire Hathaway's insurance earnings -- before taxes -- fell 20% in the second quarter and net income fell 7.6% to $2.88 billion.

    .There's a problem, though: They are dancing in a room in which the clocks have no hands.^ There’s a problem, though: They are dancing in a room in which the clocks have no hands.” (Berkshire Hathaway 2000 Chairman’s Letter) .
    • » Words of Wisdom From Warren Buffett @ fivecentnickel.com 28 January 2010 2:02 UTC www.fivecentnickel.com [Source type: General]

    ^ But the trouble is, there are no clocks on the wall.

    ^ There's a problem, though: They are dancing in a room in which the clocks have no hands."
    • Timeless and Time-Tested Warren Buffett Watch Predictions - Yahoo! Finance 28 January 2010 2:02 UTC biz.yahoo.com [Source type: General]
    • Timeless and Time-Tested Warren Buffett Watch Predictions - Yahoo! Finance 28 January 2010 2:02 UTC biz.yahoo.com [Source type: General]
    • Timeless and Time-Tested Warren Buffett Watch Predictions - Yahoo! Finance 2 February 2010 11:19 UTC finance.yahoo.com [Source type: General]

    .
  • You only find out who is swimming naked when the tide goes out.^ "It is only when the tide goes out that you learn who has been swimming naked.
    • Warren Buffett: Powerful, classy and fearless - one of the biggest business stars at MondoStars.com 2 February 2010 11:19 UTC www.mondostars.com [Source type: General]

    ^ It`s only when the tide goes out that you discover who`s been swimming naked.
    • Warren Buffett - Dating, Gossip, News, Warren Buffett Photos 28 January 2010 2:02 UTC www.whosdatedwho.com [Source type: General]

    ^ You can only find out who is swimming naked when the tide goes out.” (Berkshire Hathaway 2001 Chairman’s Letter) .
    • » Words of Wisdom From Warren Buffett @ fivecentnickel.com 28 January 2010 2:02 UTC www.fivecentnickel.com [Source type: General]

    .
  • Someone's sitting in the shade today because someone planted a tree a long time ago.^ They then usually seek out future lessons Warren Buffett on Foresight Someone's sitting in the shade today because someone planted a tree a long time ago.

    ^ Someone’s sitting in the shade today because someone planted a tree a long time ago.” .
    • » Words of Wisdom From Warren Buffett @ fivecentnickel.com 28 January 2010 2:02 UTC www.fivecentnickel.com [Source type: General]

    ^ His list includes, “If you don’t feel comfortable owning something for 10 years, then don’t own it for 10 minutes,” and, “Someone’s sitting in the shade today because someone planted a tree a long time ago.” .
    • Warren Buffett Shares Optimistic Message at Annual Shareholder Meeting 28 January 2010 2:02 UTC www.findingdulcinea.com [Source type: News]

    .
    • As quoted in The Real Warren Buffett : Managing Capital, Leading People (2002) by James O'Loughlin
  • Investors should remember that excitement and expenses are their enemies.^ Investors should remember that excitement and expenses are their enemies .

    ^ Investors should remember that excitement and expenses are their enemies.
    • » Words of Wisdom From Warren Buffett @ fivecentnickel.com 28 January 2010 2:02 UTC www.fivecentnickel.com [Source type: General]
    • CXOAG Guru Grades � Buffett Buffet 2 February 2010 11:19 UTC www.cxoadvisory.com [Source type: News]

    ^ I really admire Warren Buffett.

    .And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful.^ Be greedy when others are fearful."
    • Top 25 Warren Buffett Quotes ~ market folly 28 January 2010 2:02 UTC www.marketfolly.com [Source type: General]

    ^ Be greedy when others are fearful .

    ^ Be fearful when others are greedy, and be greedy when others are fearful.
    • Dismal.com - Warren Buffett Gets Greedy 28 January 2010 2:02 UTC www.economy.com [Source type: General]

    .
  • Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius.^ Chairman and ceo of berkshire hathaway inc.
    • Warren Edward Buffett Facts, information, pictures | Encyclopedia.com articles about Warren Edward Buffett 28 January 2010 2:02 UTC www.encyclopedia.com [Source type: News]

    ^ (Berkshire Hathaway – 1993 Chairman’s Letter to Shareholders) .
    • The Warren Buffett Backlash | Street Capitalist: Event Driven Value Investments 2 February 2010 11:19 UTC streetcapitalist.com [Source type: News]

    ^ He is the legendary chairman and CEO of Berkshire Hathaway.

    .But Sir Isaac's talents didn't extend to investing: He lost a bundle in the South Sea Bubble, explaining later, 'I can calculate the movement of the stars, but not the madness of men.'^ But Sir Isaac’s talents didn’t extend to investing: He lost a bundle in the South Sea Bubble, explaining later, ‘I can calculate the movement of the stars, but not the madness of men.’ If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the Fourth Law of Motion: For investors as a whole, returns decrease as motion increases Most people get interested in stocks when everyone else is.
    • 52 Must Read Quotes from Legendary Investor – Warren Buffett 28 January 2010 2:02 UTC investing-school.com [Source type: FILTERED WITH BAYES]

    ^ But Sir Isaac's talents didn't extend to investing: He lost a bundle in the South Sea Bubble, explaining later, "I can calculate the movement of the stars, but not the madness of men".

    ^ But Sir Isaac's talents didn't extend to investing: He lost a bundle in the South Sea Bubble , explaining later, 'I can calculate the movement of the stars, but not the madness of men.'
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    .If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the Fourth Law of Motion: For investors as a whole, returns decrease as motion increases.^ If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the Fourth Law of Motion: For investors as a whole, returns decrease as motion increases .
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ Warren Buffett on Sir Isaac Newton If he had not been traumatized by his loss in the South Sea Bubble, Sir Isaac might well have gone on to discover the Fourth Law of Motion: For investors as a whole, returns decrease as motion increases.

    ^ But Sir Isaac’s talents didn’t extend to investing: He lost a bundle in the South Sea Bubble, explaining later, ‘I can calculate the movement of the stars, but not the madness of men.’ If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the Fourth Law of Motion: For investors as a whole, returns decrease as motion increases Most people get interested in stocks when everyone else is.
    • 52 Must Read Quotes from Legendary Investor – Warren Buffett 28 January 2010 2:02 UTC investing-school.com [Source type: FILTERED WITH BAYES]

    .
  • I've reluctantly discarded the notion of my continuing to manage the portfolio after my death – abandoning my hope to give new meaning to the term 'thinking outside the box.'^ Chairman and ceo of berkshire hathaway inc.
    • Warren Edward Buffett Facts, information, pictures | Encyclopedia.com articles about Warren Edward Buffett 28 January 2010 2:02 UTC www.encyclopedia.com [Source type: News]

    ^ I think this man is my new hero!
    • Budgets are Sexy: Warren Buffett = The Man...or possibly 100 of them. 28 January 2010 2:02 UTC www.budgetsaresexy.com [Source type: General]

    ^ (Berkshire Hathaway – 1993 Chairman’s Letter to Shareholders) .
    • The Warren Buffett Backlash | Street Capitalist: Event Driven Value Investments 2 February 2010 11:19 UTC streetcapitalist.com [Source type: News]

    .
  • If you're in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.^ If you’re in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.” “It takes 20 years to build a reputation and five minutes to ruin it.
    • Warren Buffett Speaks: 25 Best Warren Buffett Quotes on His Strategies, Investments, and Cheap Suits — Bankling 28 January 2010 2:02 UTC bankling.com [Source type: General]

    ^ If you're in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent .

    ^ He is the legendary chairman and CEO of Berkshire Hathaway.

    .
  • Take me as an example.^ "Buffett blasts system that lets him pay less tax than secretary" , Times Online , 28 June, 2007.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Just take the estate tax, less than 2 percent of all estates pay any tax.
    • CNN.com - Buffett: 'There are lots of loose nukes around the world' - May 25, 2005 28 January 2010 2:02 UTC www.cnn.com [Source type: Original source]
    • CNN.com - Buffett: 'There are lots of loose nukes around the world' - May 25, 2005 2 February 2010 11:19 UTC www.cnn.com [Source type: Original source]

    ^ You can access The Buffett System in less than two minutes!
    • The Buffett System - The Automatic Way to Invest like Warren Buffett 28 January 2010 2:02 UTC www.buffettsystem.com [Source type: General]

    .I happen to have a talent for allocating capital.^ I happen to have a talent for allocating capital.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    .But my ability to use that talent is completely dependent on the society I was born into.^ But my ability to use that talent is completely dependent on the society I was born into.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ If I'd been born into a tribe of hunters, this talent of mine would be pretty worthless.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    .If I'd been born into a tribe of hunters, this talent of mine would be pretty worthless.^ If I'd been born into a tribe of hunters, this talent of mine would be pretty worthless.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ To bring them into the Berkshire offices while I’m sitting there reading would be a waste of talent.” .
    • What Would Warren Do? - The Atlantic(September 2009) 28 January 2010 2:02 UTC www.theatlantic.com [Source type: General]

    ^ But my ability to use that talent is completely dependent on the society I was born into.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    .I can't run very fast.^ I can't run very fast.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    I'm not particularly strong. .I'd probably end up as some wild animal's dinner.^ I'd probably end up as some wild animal's dinner .

    ^ I'd probably end up as some wild animal's dinner.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ He's said to be interested in picking up some of AIG's assets, and he's probably made ample common stock purchases that haven't yet been made public.
    • Fredericksburg.com - Blogs: Bill Freehling - TAGGED:Warren Buffett 28 January 2010 2:02 UTC www.fredericksburg.com [Source type: News]

    .
  • Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.^ DOBBS: Historically we're talking about.
    • CNN.com - Buffett: 'There are lots of loose nukes around the world' - May 25, 2005 28 January 2010 2:02 UTC www.cnn.com [Source type: Original source]
    • CNN.com - Buffett: 'There are lots of loose nukes around the world' - May 25, 2005 2 February 2010 11:19 UTC www.cnn.com [Source type: Original source]

    ^ "Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down."
    • Top 25 Warren Buffett Quotes ~ market folly 28 January 2010 2:02 UTC www.marketfolly.com [Source type: General]

    ^ He has a quote that is almost identical to one of mine: " Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down ."

    .
  • Putting people into homes, though a desirable goal, shouldn’t be our country’s primary objective.^ Chairman and ceo of berkshire hathaway inc.
    • Warren Edward Buffett Facts, information, pictures | Encyclopedia.com articles about Warren Edward Buffett 28 January 2010 2:02 UTC www.encyclopedia.com [Source type: News]

    ^ Chairman of the miraculous Berkshire Hathaway.
    • Warren Buffett - The second richest person in the world. The most respected and successful investor in history. Chairman of the miraculous Berkshire Hathaway. A $10,000 investment into Berkshire Hathaway when Buffett took control in 1965 would be worth over $50 million today. By comparison, $10,000 in the S&P 500 would have grown to only $500,000.Investing Philosophy:he is one of the few extremely rich people who has amassed wealth solely through investing in stocks. His investment strategy of discipline, patience and value consistently outperforms the market and his moves are followed by thousands of investors worldwide. 28 January 2010 2:02 UTC www.socialpicks.com [Source type: General]

    ^ He is the legendary chairman and CEO of Berkshire Hathaway.

    .Keeping them in their homes should be the ambition.^ Keeping them in their homes should be the ambition.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Keeping them in their homes should be the ambition.” .
    • Warren Buffett on the Economy - Real Time Economics - WSJ 28 January 2010 2:02 UTC blogs.wsj.com [Source type: News]

    ^ However, keeping them in their homes "should be the ambition."
    • : Warren Buffett : The D & O Diary 28 January 2010 2:02 UTC www.dandodiary.com [Source type: FILTERED WITH BAYES]

    .
    • Berkshire Hathaway 2008 Chairman's Letter
  • We never want to count on the kindness of strangers in order to meet tomorrow’s obligations.^ Chairman and ceo of berkshire hathaway inc.
    • Warren Edward Buffett Facts, information, pictures | Encyclopedia.com articles about Warren Edward Buffett 28 January 2010 2:02 UTC www.encyclopedia.com [Source type: News]

    ^ Chairman of the miraculous Berkshire Hathaway.
    • Warren Buffett - The second richest person in the world. The most respected and successful investor in history. Chairman of the miraculous Berkshire Hathaway. A $10,000 investment into Berkshire Hathaway when Buffett took control in 1965 would be worth over $50 million today. By comparison, $10,000 in the S&P 500 would have grown to only $500,000.Investing Philosophy:he is one of the few extremely rich people who has amassed wealth solely through investing in stocks. His investment strategy of discipline, patience and value consistently outperforms the market and his moves are followed by thousands of investors worldwide. 28 January 2010 2:02 UTC www.socialpicks.com [Source type: General]

    ^ Berkshire Hathaway 2008 Chairman's Letter We never want to count on the kindness of strangers in order to meet tomorrow’s obligations.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    .When forced to choose, I will not trade even a night’s sleep for the chance of extra profits.^ When forced to choose, I will not trade even a night’s sleep for the chance of extra profits.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    .
    • Berkshire Hathaway 2008 Chairman's Letter
  • Upon leaving [the derivatives business], our feelings about the business mirrored a line in a country song: “I liked you better before I got to know you so well.”
    • Berkshire Hathaway 2008 Chairman's Letter
  • I try to buy stock in businesses that are so wonderful that an idiot can run them.^ Chairman and ceo of berkshire hathaway inc.
    • Warren Edward Buffett Facts, information, pictures | Encyclopedia.com articles about Warren Edward Buffett 28 January 2010 2:02 UTC www.encyclopedia.com [Source type: News]

    ^ Chairman of the miraculous Berkshire Hathaway.
    • Warren Buffett - The second richest person in the world. The most respected and successful investor in history. Chairman of the miraculous Berkshire Hathaway. A $10,000 investment into Berkshire Hathaway when Buffett took control in 1965 would be worth over $50 million today. By comparison, $10,000 in the S&P 500 would have grown to only $500,000.Investing Philosophy:he is one of the few extremely rich people who has amassed wealth solely through investing in stocks. His investment strategy of discipline, patience and value consistently outperforms the market and his moves are followed by thousands of investors worldwide. 28 January 2010 2:02 UTC www.socialpicks.com [Source type: General]

    ^ You can’t buy what is popular and do well.
    • Warren Buffet: The Legend | Fortune Watch 2 February 2010 11:19 UTC www.fortunewatch.com [Source type: General]

    .Because sooner or later, one will.^ Because sooner or later, one will.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Because sooner or later, one will."
    • Top 25 Warren Buffett Quotes ~ market folly 28 January 2010 2:02 UTC www.marketfolly.com [Source type: General]

    .
    • In a panel discussion after the premier of the 2008 documentary I.O.U.S.A.
    • "Panel at the Premier", 0:05:42ff., DVD extras, I.O.U.S.A. (2008)
  • If you have a great manager, you want to pay him very well.^ They wanted to see Buffett to discuss it with him.
    • Review: Warren Buffett's management secrets | This is Money 28 January 2010 2:02 UTC www.thisismoney.co.uk [Source type: General]

    ^ Well, I want the well-being of their foundation to be sort of concentrated in Berkshire, because I think it's going to do very well, so I wouldn't want to be forced to sell it and, you know, buy government bonds or something of the sort.
    • Online NewsHour: Analysis | Buffett Pledges Charity Billions | June 26, 2006 | PBS 28 January 2010 2:02 UTC www.pbs.org [Source type: Original source]

    ^ You obviously won’t get a LEED Platinum rating on your new i-house, but you will get a very low-energy and reasonably green home at a great price point.
    • Warren Buffett // Current 28 January 2010 2:02 UTC current.com [Source type: General]

    BRK Annual Meeting 04
Chains of habit are too light to be felt until they are too heavy to be broken.

Selected

Habit
.
  • Chains of habit are too light to be felt until they are too heavy to be broken.^ BRK Annual Meeting 04 Chains of habit are too light to be felt until they are too heavy to be broken.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ CharityIdeas 10 minutes ago Chains of habit are too light to be felt until they're too heavy to be broken - Warren Buffett /via @malfletcher .
    • Warren Buffett - News, photos, topics, and quotes 2 February 2010 11:19 UTC www.daylife.com [Source type: FILTERED WITH BAYES]
    • Warren Buffett - Indian Premier League | IPL Cricket Highlights - Times of India 2 February 2010 11:19 UTC iplextra.indiatimes.com [Source type: FILTERED WITH BAYES]
    • Warren Buffett - From Treehugger 2 February 2010 11:19 UTC topics.treehugger.com [Source type: FILTERED WITH BAYES]

    ^ Habit Chains of habit are too light to be felt until they are too heavy to be broken.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    [citation needed]
Confidence
.
  • I always knew I was going to be rich.^ Confidence I always knew I was going to be rich.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ RT @PrintxPressUtah: I always knew I was going to be rich.
    • Warren Buffett - Indian Premier League | IPL Cricket Highlights - Times of India 2 February 2010 11:19 UTC iplextra.indiatimes.com [Source type: FILTERED WITH BAYES]

    ^ I always knew I was going to be rich.
    • Warren Buffett Invests Like a Girl 28 January 2010 2:02 UTC www.fool.com [Source type: General]
    • Warren Buffett quotes, quotations, phrases, words 28 January 2010 2:02 UTC www.icelebz.com [Source type: FILTERED WITH BAYES]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    .I don't think I ever doubted it for a minute.^ I don't think I ever doubted it for a minute.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett Invests Like a Girl 28 January 2010 2:02 UTC www.fool.com [Source type: General]
    • Warren Buffett quotes, quotations, phrases, words 28 January 2010 2:02 UTC www.icelebz.com [Source type: FILTERED WITH BAYES]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet - Blog Toplist 2 February 2010 11:19 UTC www.blogtoplist.com [Source type: General]
    • Warren Buffett - Indian Premier League | IPL Cricket Highlights - Times of India 2 February 2010 11:19 UTC iplextra.indiatimes.com [Source type: FILTERED WITH BAYES]

    ^ I don't think I ever doubted it for a minute .

    ^ Of course I don’t doubt that there are places where Atheists are attacked for their beliefs, I just don’t think it’s accurate to say we live in an anti-Atheist culture.
    • Warren Buffet: Atheist Philanthropist? 2 February 2010 11:19 UTC atheism.about.com [Source type: Original source]

    [citation needed]
Experience
.
  • Can you really explain to a fish what it's like to walk on land?^ Can you really explain to a fish what it's like to walk on land?

    ^ Experience Can you really explain to a fish what it's like to walk on land?
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ When the world's richest man explains the situation like that, you get the sense he's extremely worried...
    • Warren Buffett to FBN: “Heaven Help Us” if Rescue Plan Doesn’t Pass « Liz-Vision 28 January 2010 2:02 UTC liz.blogs.foxbusiness.com [Source type: General]

    .One day on land is worth a thousand years of talking about it, and one day running a business has exactly the same kind of value.^ The year before about the same.
    • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

    ^ This year, that stock is worth about $1.5 billion.
    • Online NewsHour: Analysis | Buffett Pledges Charity Billions | June 26, 2006 | PBS 28 January 2010 2:02 UTC www.pbs.org [Source type: Original source]

    ^ One day on land is worth a thousand years of talking about it, and one day running a business has exactly the same kind of value .

    [citation needed]
On Benjamin Graham
  • A story that was passed down from Ben Graham illustrates the lemminglike behavior of the crowd: "Let me tell you the story of the oil prospector who met St. Peter at the Pearly Gates. When told his occupation, St. Peter said, "Oh, I'm really sorry. .You seem to meet all the tests to get into heaven.^ You seem to meet all the tests to get into heaven.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ So you put all that together and you put it into an $11 trillion mortgage market and you've got lots of pain for the investors and you've got pain for the people that can't make their payments.
    • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

    ^ I follow Him and that is why I hope you will all someday meet Him and fall in love with him too.
    • Poor Warren Buffett » BibleStudy.net – Bible Teaching, Preaching, & Study 2 February 2010 11:19 UTC www.biblestudy.net [Source type: Original source]

    .But we've got a terrible problem.^ But we've got a terrible problem.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    .See that pen over there?^ See that pen over there?
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    .That's where we keep the oil prospectors waiting to get into heaven.^ That's where we keep the oil prospectors waiting to get into heaven.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    .And it's filled—we haven't got room for even one more."^ And it's filled - we haven't got room for even one more."

    ^ And it's filled—we haven't got room for even one more."
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Rather, the events at Solomon filled him with dread and anxiety because the events could have cost him something even more precious – his reputation.
    • : Warren Buffett : The D & O Diary 28 January 2010 2:02 UTC www.dandodiary.com [Source type: FILTERED WITH BAYES]

    .The oil prospector thought for a minute and said, "Would you mind if I just said four words to those folks?"^ The oil prospector thought for a minute and said, "Would you mind if I just said four words to those folks?"
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ Those are just a few I found with a quick Google search; I'm sure that .0056 of one percent of thousands of other substances would also kill you.
    • Warren Buffett: Climate Killer? | Mother Jones 28 January 2010 2:02 UTC motherjones.com [Source type: General]

    ^ Warren Buffett's Elena says you just said yourself 2009 pretty much looks like a washout.
    • Warren Buffett video and audio on brought to you by Boston.com 28 January 2010 2:02 UTC multimedia.boston.com [Source type: News]

    "I can't see any harm in that," said St. Pete. .So the old-timer cupped his hands and yelled out, "Oil discovered in hell!"^ So the old-timer cupped his hands and yelled out, "Oil discovered in hell!"
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ That seemed harmless to St. Peter, so the prospector cupped his hands and yelled, “Oil discovered in hell.” Immediately the gate to the compound opened and all of the oil men marched out to head for the nether regions.
    • : Warren Buffett : The D & O Diary 28 January 2010 2:02 UTC www.dandodiary.com [Source type: FILTERED WITH BAYES]

    .Immediately, the oil prospectors wrenched the lock off the door of the pen and out they flew, flapping their wings as hard as they could for the lower regions.^ Immediately, the oil prospectors wrenched the lock off the door of the pen and out they flew, flapping their wings as hard as they could for the lower regions.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ That seemed harmless to St. Peter, so the prospector cupped his hands and yelled, “Oil discovered in hell.” Immediately the gate to the compound opened and all of the oil men marched out to head for the nether regions.
    • : Warren Buffett : The D & O Diary 28 January 2010 2:02 UTC www.dandodiary.com [Source type: FILTERED WITH BAYES]

    ^ But here’s what I’d bet is going on behind closed doors at Cadbury’s HQ. They’re freaking out.

    "You know, that's a pretty good trick," St. Pete said. "Move in. The place is yours. .You've got plenty of room."^ You've got plenty of room."
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    .The old fellow scratched his head and said, "No.^ The old fellow scratched his head and said, "No.

    .If you don't mind, I think I'll go along with the rest of 'em.^ When you have it, you don't even think about it.

    ^ No,” he said, “I think I’ll go along with the rest of the boys.
    • : Warren Buffett : The D & O Diary 28 January 2010 2:02 UTC www.dandodiary.com [Source type: FILTERED WITH BAYES]

    ^ If you don't mind, I think I'll go along with the rest of 'em.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    .There may be some truth to that rumor after all."^ There may be some truth to that rumor after all."
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ There might be some truth to that rumor after all.” .
    • : Warren Buffett : The D & O Diary 28 January 2010 2:02 UTC www.dandodiary.com [Source type: FILTERED WITH BAYES]

    ^ There may be some truth to that rumor after all .

    [citation needed]
Price conscious
.
  • Price is what you pay.^ Price conscious Price is what you pay.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Price is what you pay.

    ^ "Price is what you pay.
    • Top 25 Warren Buffett Quotes ~ market folly 28 January 2010 2:02 UTC www.marketfolly.com [Source type: General]

    Value is what you get.[citation needed]
  • .
  • For some reason, people take their cues from price action rather than from values.^ For some reason, people take their cues from price action rather than from values.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ If it fails, it fails for a reason, rather than some random fluctuation.
    • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

    ^ Personally I'd rather have him in charge of he economy than any number of Giethenrs and Bernankes, Apparently, the Prez asked him to take on a position at the WH, and Buffet politely declined.
    • Warren Buffett's Recession Investment Tips (VIDEO) 28 January 2010 2:02 UTC www.huffingtonpost.com [Source type: General]

    .What doesn't work is when you start doing things that you don't understand or because they worked last week for somebody else.^ And you don’t get bargains on things like that.
    • Warren Buffett: 'Reasonable Return is Good Enough' for Long-Haul Railroad Ride - CNBC 28 January 2010 2:02 UTC ori.cnbc.com [Source type: General]

    ^ You just don’t understand it yet.
    • Warren Buffett: Tax 'the hides of guys like me': The Swamp 28 January 2010 2:02 UTC www.swamppolitics.com [Source type: General]

    ^ What doesn't work is when you start doing things that you don't understand or because they worked last week for somebody else.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    .The dumbest reason in the world to buy a stock is because it's going up.^ The dumbest reason in the world to buy a stock is because it's going up.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ The extent to which the stock can go up is unlimited.
    • Looking Up to Warren Buffett at SmartMoney.com 28 January 2010 2:02 UTC www.smartmoney.com [Source type: General]

    ^ The dumbest reason in the world to buy a stock is because it's going up .

    [citation needed]
  • .
  • Most people get interested in stocks when everyone else is.^ Most people get interested in stocks when everyone else is.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ "Most people get interested in stocks when everyone else is.
    • Top 25 Warren Buffett Quotes ~ market folly 28 January 2010 2:02 UTC www.marketfolly.com [Source type: General]

    ^ K Most people get interested in stocks when everyone else is.
    • Warren Buffet: The Legend | Fortune Watch 2 February 2010 11:19 UTC www.fortunewatch.com [Source type: General]

    .The time to get interested is when no one else is.^ The time to get interested is when no one else is.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Top 25 Warren Buffett Quotes ~ market folly 28 January 2010 2:02 UTC www.marketfolly.com [Source type: General]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]
    • Warren Buffet: The Legend | Fortune Watch 2 February 2010 11:19 UTC www.fortunewatch.com [Source type: General]

    ^ IOW, you failed to take heed of your lawyer's advice (one of the few times when some of them do have your best interests in mind).
    • Warren Buffett: "Our first stimulus bill...was sort of like taking half a tablet of Viagra" - Hit & Run : Reason Magazine 28 January 2010 2:02 UTC reason.com [Source type: General]

    ^ No, it was guys like this one, who have a little bit of the enterprise and can unload it at any time without feeling a pinch.

    .You can't buy what is popular and do well.^ You can’t buy what is popular and do well.
    • 52 Must Read Quotes from Legendary Investor – Warren Buffett 28 January 2010 2:02 UTC investing-school.com [Source type: FILTERED WITH BAYES]
    • Warren Buffet: The Legend | Fortune Watch 2 February 2010 11:19 UTC www.fortunewatch.com [Source type: General]

    ^ You can’t buy what is popular and do well."
    • Top 25 Warren Buffett Quotes ~ market folly 28 January 2010 2:02 UTC www.marketfolly.com [Source type: General]

    ^ You can't buy what is popular and do well.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    [citation needed]
  • .
  • We have tried occasionally to buy toads at bargain prices with results that have been chronicled in past reports.^ We have tried occasionally to buy toads at bargain prices with results that have been chronicled in past reports.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ Buffett doesn’t suffer from this illusion, noting, “We have tried occasionally to buy toads at bargain prices with results that have been chronicled in past reports.
    • Wisdom of Warren Buffett » Nofie Iman 28 January 2010 2:02 UTC nofieiman.com [Source type: FILTERED WITH BAYES]

    ^ In fact, delayed recognition can be an advantage: It may give us the chance to buy more of a good thing at a bargain price .

    .Clearly our kisses fell flat.^ Clearly our kisses fell flat.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ Clearly our kisses fell flat.” He warns against the advice of investment bankers in mergers, “Don’t ask the barber if you need a haircut.” .
    • Wisdom of Warren Buffett » Nofie Iman 28 January 2010 2:02 UTC nofieiman.com [Source type: FILTERED WITH BAYES]

    .We have done well with a couple of princes - but they were princes when purchased.^ We have done well with a couple of princes - but they were princes when purchased.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    .At least our kisses didn't turn them into toads.^ At least our kisses didn't turn them into toads.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ Extremely clever people worked out a formula that could turn something worthless (or at very least risky) into AAA gold.” This is true.
    • » Three Lessons from Warren Buffett | Get Rich Slowly 28 January 2010 2:02 UTC www.getrichslowly.org [Source type: General]

    ^ "You can't turn a financial toad into a prince by securitizing it," he said to Hillary Rodham Clinton at a fundraising lunch in San Francisco on Tuesday.
    • Mortgage crisis perplexes even shrewd investor Warren Buffett 2 February 2010 11:19 UTC www.sfgate.com [Source type: News]

    .And, finally, we have occasionally been quite successful in purchasing fractional interests in easily-identifiable princes at toad-like prices.^ And, finally, we have occasionally been quite successful in purchasing fractional interests in easily-identifiable princes at toad-like prices.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ And, finally, we have occasionally been quite successful in purchasing fractional interests in easily-identifiable princes at toad-like prices .

    ^ Like Ted Williams waiting for the right pitch, a successful investor waits for the right stock at the right price, and it doesn’t happen every day.
    • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

    .
    • 1981 Chairman's Letters to Shareholders
  • Never count on making a good sale.^ Never count on making a good sale.
    • 52 Must Read Quotes from Legendary Investor – Warren Buffett 28 January 2010 2:02 UTC investing-school.com [Source type: FILTERED WITH BAYES]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ "Never count on making a good sale.
    • Top 25 Warren Buffett Quotes ~ market folly 28 January 2010 2:02 UTC www.marketfolly.com [Source type: General]

    ^ Chairman's Letters to Shareholders Never count on making a good sale.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    .Have the purchase price be so attractive that even a mediocre sale gives good results.^ Have the purchase price be so attractive that even a mediocre sale gives good results.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett Invests Like a Girl 28 January 2010 2:02 UTC www.fool.com [Source type: General]
    • 52 Must Read Quotes from Legendary Investor – Warren Buffett 28 January 2010 2:02 UTC investing-school.com [Source type: FILTERED WITH BAYES]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Have the purchase price be so attractive that even a mediocre sale gives good results."
    • Top 25 Warren Buffett Quotes ~ market folly 28 January 2010 2:02 UTC www.marketfolly.com [Source type: General]

    ^ Thankfully the Treasury saw this would STILL be a public relations nightmare even with good ole Warren giving his gold plated seal of approval.
    • Fund My Mutual Fund: Barry Ritholtz Shreds Warren Buffet 2 February 2010 11:19 UTC www.fundmymutualfund.com [Source type: News]

    .
    • 1974 Letter to Shareholders
  • Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of even an outstanding company to catch up with the price they paid.^ Letter to Shareholders Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of even an outstanding company to catch up with the price they paid.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of even an outstanding company to catch up with the price they paid .

    ^ Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of even an outstanding company to catch up with the price they paid.
    • 52 Must Read Quotes from Legendary Investor – Warren Buffett 28 January 2010 2:02 UTC investing-school.com [Source type: FILTERED WITH BAYES]

    .
    • Berkshire Hathaway 1998 Annual Meeting
  • If you're an investor, you're looking on what the asset is going to do, if you're a speculator, you're commonly focusing on what the price of the object is going to do, and that's not our game.^ Pricing is our game.
    • Warren Buffett's New Words of Wisdom - The Daily Beast 28 January 2010 2:02 UTC www.thedailybeast.com [Source type: General]

    ^ Berkshire Hathaway's shareholders meeting and the events...
    • Warren Buffett - News, photos, topics, and quotes 2 February 2010 11:19 UTC www.daylife.com [Source type: FILTERED WITH BAYES]

    ^ Berkshire Hathaway annual shareholder meeting.
    • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

    .
    • 1997 Berkshire Hathaway Annual Meeting
  • Despite three years of falling prices, which have significantly improved the attractiveness of common stocks, we still find very few that even mildly interest us.^ In contrast, the stock of Berkshire Hathaway has risen significantly in the same period.
    • Why did the guru cancel six coal plants? | Grist 28 January 2010 2:02 UTC www.grist.org [Source type: FILTERED WITH BAYES]

    ^ Berkshire Hathaway Transcript 2009 Annual Meeting with commentaries .
    • Warren Buffett « Kempton – ideas Revolutionary 2 February 2010 11:19 UTC kempton.wordpress.com [Source type: General]

    ^ Berkshire Hathaway annual shareholders meeting .
    • WarrenBuffettInfo.com Warren Buffet Infos Stock Portfolio News 2 February 2010 11:19 UTC www.warrenbuffetinfo.com [Source type: News]

    .That dismal fact is testimony to the insanity of valuations reached during The Great Bubble.^ That dismal fact is testimony to the insanity of valuations reached during The Great Bubble.

    ^ I made a big mistake in not selling several of our larger holdings during The Great Bubble."
    • CXOAG Guru Grades � Buffett Buffet 2 February 2010 11:19 UTC www.cxoadvisory.com [Source type: News]

    ^ I can properly be criticized for merely clucking about nose-bleed valuations during the Bubble rather than acting on my views.
    • CXOAG Guru Grades � Buffett Buffet 2 February 2010 11:19 UTC www.cxoadvisory.com [Source type: News]

    .Unfortunately, the hangover may prove to be proportional to the binge.^ Unfortunately, the hangover may prove to be proportional to the binge.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Unfortunately, the hangover may prove to be proportional to the binge .

    .
    • March 2003[citation needed]
  • On acquiring bad companies for cheap prices: "In my early days as a manager I, too, dated a few toads.^ In my early days as a manager I, too, dated a few toads.

    ^ March 2003 [ citation needed ] On acquiring bad companies for cheap prices: "In my early days as a manager I, too, dated a few toads.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ October 2003 talking with Wharton MBA students [ specific citation needed ] The important thing is to keep playing, to play against weak opponents and to play for big stakes.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    .They were cheap dates - I've never been much of a sport - but my results matched those of acquirers who courted higher-price toads.^ They were cheap dates - I've never been much of a sport - but my results matched those of acquirers who courted higher-price toads.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ That is so much more than some who never had those opportunities.
    • Warren Buffett disowns his granddaughter - Dealbreaker - A Wall Street Tabloid - Business News Headlines and Financial Gossip 28 January 2010 2:02 UTC dealbreaker.com [Source type: General]

    ^ Buffett once commented, “I want to give my kids just enough so that they would feel that they could do anything, but not so much that they would feel like doing nothing”.
    • Profile of a Philanthropist: Warren Buffett | The Pakistani Spectator 2 February 2010 11:19 UTC www.pakspectator.com [Source type: News]

    .I kissed and they croaked."^ I kissed and they croaked."
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ I kissed and they croaked .

    [citation needed]
  • .
  • I like to go for cinches.^ I like to go for cinches.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ "I like to go for cinches.
    • Top 25 Warren Buffett Quotes ~ market folly 28 January 2010 2:02 UTC www.marketfolly.com [Source type: General]

    ^ See what David’s recommending that you buy NEXT. "I like to go for cinches.
    • Warren Buffett - Indian Premier League | IPL Cricket Highlights - Times of India 2 February 2010 11:19 UTC iplextra.indiatimes.com [Source type: FILTERED WITH BAYES]

    .I like to shoot fish in a barrel.^ I like to shoot fish in a barrel.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Top 25 Warren Buffett Quotes ~ market folly 28 January 2010 2:02 UTC www.marketfolly.com [Source type: General]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    .But I like to do it after the water has run out.^ But I like to do it after the water has run out.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ But I like to do it after the water has run out .

    ^ When the oil runs out, Norway will most likely return to not being particularly prosperous.
    • Is Warren Buffett a Terrible Person? - The Atlantic Business Channel 2 February 2010 11:19 UTC business.theatlantic.com [Source type: General]

    .
    • October 2003 talking with Wharton MBA students[specific citation needed]
  • The important thing is to keep playing, to play against weak opponents and to play for big stakes.^ October 2003 talking with Wharton MBA students [ specific citation needed ] The important thing is to keep playing, to play against weak opponents and to play for big stakes.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ The important thing is to keep playing, to play against weak opponents and to play for big stakes .

    ^ Berkshire Annual Meeting [ specific citation needed ] Ben's Mr. Market allegory may seem out-of-date in today's investment world, in which most professionals and academicians talk of efficient markets, dynamic hedging and betas.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    • November 2002 talking with students at Gaston Hall[specific citation needed]
Circle of competency
.
  • Sometimes you're outside your core competency.^ Sometimes you're outside your core competency.

    ^ Unless you're arguing for a no-deductions flat tax here, what's your point?
    • TaxProf Blog: Warren Buffet Pays 17.7% Tax Rate; His Employees Pay 32.9% 28 January 2010 2:02 UTC taxprof.typepad.com [Source type: General]

    ^ Let me explain that last part a little better, Terry, because I'm sure you're not gonna follow the irony of your statement...
    • Warren Buffett: Tax 'the hides of guys like me': The Swamp 28 January 2010 2:02 UTC www.swamppolitics.com [Source type: General]

    .Level 3 is one of those times but I've made a bet on the people and I feel I understand the people.^ Level 3 is one of those times but I've made a bet on the people and I feel I understand the people.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ There was a time when people made a bet on me .

    ^ There was a time when people made a bet on me.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    .There was a time when people made a bet on me.^ There was a time when people made a bet on me.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Level 3 is one of those times but I've made a bet on the people and I feel I understand the people.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ And, Warren, we've covered a range of topics, but there has been an awful lot of people who are interested in the trip you made this week.
    • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

    • Oct. .2002 when questioned about his investment in Level 3[specific citation needed]
    • See also wikipedia on Level 3 Communications.
  • There are all kinds of businesses that Charlie and I don't understand, but that doesn't cause us to stay up at night.^ There’s no question about that.
    • Warren Buffett « Kempton – ideas Revolutionary 2 February 2010 11:19 UTC kempton.wordpress.com [Source type: General]

    ^ Level 3 [ specific citation needed ] See also wikipedia on Level 3 Communications .
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ A lot of businesses I don't understand.

    .It just means we go on to the next one, and that's what the individual investor should do.^ It just means we go on to the next one, and that’s what the individual investor should do.
    • 52 Must Read Quotes from Legendary Investor – Warren Buffett 28 January 2010 2:02 UTC investing-school.com [Source type: FILTERED WITH BAYES]

    ^ It just means we go on to the next one, and that's what the individual investor should do .

    ^ Why should one pay tax just because they die?
    • Warren Buffett: Tax 'the hides of guys like me': The Swamp 28 January 2010 2:02 UTC www.swamppolitics.com [Source type: General]

    • Morningstar Interview[citation needed]
Sense of humour
.
  • Berkshire's arbitrage activities differ from those of many arbitrageurs.^ Morningstar Interview [ citation needed ] Sense of humour Berkshire's arbitrage activities differ from those of many arbitrageurs.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Berkshire's arbitrage activities differ from those of many arbitrageurs.

    ^ Berkshire’s arbitrage activities differ from those of many arbitrageurs…we participate in only a few, and usually very large, transactions each year,” remarked Buffett on his near disdain for this sort of deal.
    • Wisdom of Warren Buffett » Nofie Iman 28 January 2010 2:02 UTC nofieiman.com [Source type: FILTERED WITH BAYES]

    .First, we participate in only a few, and usually very large, transactions each year.^ First, we participate in only a few, and usually very large, transactions each year.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ The annual inflation rate, however, disappeared in January for the first time in 50 years, with only a rise in the consumer price index saving America from deflation.
    • Warren Buffett warns America of 'onslaught of inflation' - Times Online 28 January 2010 2:02 UTC business.timesonline.co.uk [Source type: News]

    ^ Berkshire’s arbitrage activities differ from those of many arbitrageurs…we participate in only a few, and usually very large, transactions each year,” remarked Buffett on his near disdain for this sort of deal.
    • Wisdom of Warren Buffett » Nofie Iman 28 January 2010 2:02 UTC nofieiman.com [Source type: FILTERED WITH BAYES]

    .Most practitioners buy into a great many deals perhaps 50 or more per year.^ Most practitioners buy into a great many deals perhaps 50 or more per year.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ In the previous 10 years most of the creativity has occurred in how to trade more often and with more bizarre financial instruments.
    • Warren Buffett: All Cars Will Be Electric. In 20 Years | The Truth About Cars 2 February 2010 11:19 UTC www.thetruthaboutcars.com [Source type: General]

    ^ Sure, there are other investment strategies out there, but Buffett's approach is both easy to follow and demonstrably successful over more than 50 years.
    • John Reeves : Warren Buffett's Priceless Investment - Townhall.com 28 January 2010 2:02 UTC townhall.com [Source type: General]

    .With that many irons in the fire, they must spend most of their time monitoring both the progress of deals and the market movements of the related stocks.^ With that many irons in the fire, they must spend most of their time monitoring both the progress of deals and the market movements of the related stocks.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ Goldman probably could have gotten a better deal by selling $5 billion of convertible preferred stock in the open market or to a group of private-equity firms.
    • Warren Buffett Makes an Offer Goldman Sachs Can't Refuse - WSJ.com 2 February 2010 11:19 UTC online.wsj.com [Source type: General]

    ^ I don’t think dividend paying stocks always outperform non-dividend paying stocks, it’s more likely that most companies don’t realize that they’ve reached a point of diminishing returns on the capital they deploy and that it’s time for them to start paying dividends.
    • Warren Buffett’s Dividend Stocks | Dividends Value 2 February 2010 11:19 UTC dividendsvalue.com [Source type: FILTERED WITH BAYES]

    .This is not how Charlie nor I wish to spend our lives.^ This is not how Charlie nor I wish to spend our lives.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ Learning how to manage the money coming in, learning how to spend and invest are all important tools to living the lifestyle you want thanks again Tim for reminding us.
    • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

    ^ I have to live and die on how my business is run, and do not spend on items I cannot afford, or need.
    • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

    .(What's the sense in getting rich just to stare at a ticker tape all day?^ What's the sense in getting rich just to stare at a ticker tape all day?

    ^ (What's the sense in getting rich just to stare at a ticker tape all day?
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ It’s really all just common sense.
    • » Three Lessons from Warren Buffett | Get Rich Slowly 28 January 2010 2:02 UTC www.getrichslowly.org [Source type: General]

    )[citation needed]
  • .
  • When they open that envelope, the first instruction is to take my pulse again.^ When they open that envelope, the first instruction is to take my pulse again .

    ^ When they open that envelope, the first instruction is to take my pulse again.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ For I am going through the same thing with my parents; they may not be as rich as the buffets family but they have enough to take care of me.
    • Warren Buffett disowns his granddaughter - Dealbreaker - A Wall Street Tabloid - Business News Headlines and Financial Gossip 28 January 2010 2:02 UTC dealbreaker.com [Source type: General]

    .
    • 2001 Annual Meeting after mentioning that the instructions of his succession are sealed in an envelope at headquarters.^ Annual Meeting after mentioning that the instructions of his succession are sealed in an envelope at headquarters.
      • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
      • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

      [specific citation needed]
    • .
  • Those who attended (the annual meeting) last year saw your Chairman pitch to Ernie Banks.^ Those who attended last year saw your Chairman pitch to Ernie Banks.

    ^ Those who attended (the annual meeting) last year saw your Chairman pitch to Ernie Banks .
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Who else can get a crowd of 35,000 to attend a shareholders meeting, those are rock star numbers.
    • Warren Buffett — Luxist 2 February 2010 11:19 UTC www.luxist.com [Source type: News]

    .This encounter proved to be the titanic duel that the sports world had long awaited.^ This encounter proved to be the titanic duel that the sports world had long awaited.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    .After the first few pitches...I fired a brushback at Ernie just to let him know who was in command.^ After the first few pitches...I fired a brushback at Ernie just to let him know who was in command.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ After the first few pitches, I fired a brushback at Ernie just to let him know who was in command.

    ^ Let me see… if you wish to know a person do you look at him or at his reflection in the mirror, do you listen his words or the description that someone else will give you?
    • » Words of Wisdom From Warren Buffett @ fivecentnickel.com 28 January 2010 2:02 UTC www.fivecentnickel.com [Source type: General]

    .Ernie charged the mound, and I charged the plate.^ Ernie charged the mound, and I charged the plate.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    .But a clash was avoided because we became exhausted before reaching each other.^ But a clash was avoided because we became exhausted before reaching each other.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    .
    • 1999 Letter to Shareholders
  • We've long felt that the only value of stock forecasters is to make fortune tellers look good.^ Letter to Shareholders We've long felt that the only value of stock forecasters is to make fortune tellers look good.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Chairman's Letters to Shareholders Never count on making a good sale.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ We’ve long felt that the only value of stock forecasters is to make fortune tellers look good.
    • 52 Must Read Quotes from Legendary Investor – Warren Buffett 28 January 2010 2:02 UTC investing-school.com [Source type: FILTERED WITH BAYES]
    • » Words of Wisdom From Warren Buffett @ fivecentnickel.com 28 January 2010 2:02 UTC www.fivecentnickel.com [Source type: General]

    .Even now, Charlie and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children.Template:1992 Berkshire Hathaway Chairman's Letter
  • At the bottom of the bear market in October 1974 a Forbes article interviewed Buffett.^ Even now, Charlie and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children .

    ^ Now, I’m no Warren Buffett (believe me!
    • Taxes, Warren Buffett, and Paying My Fair Share - Freakonomics Blog - NYTimes.com 28 January 2010 2:02 UTC freakonomics.blogs.nytimes.com [Source type: General]

    ^ Chairman and ceo of berkshire hathaway inc.
    • Warren Edward Buffett Facts, information, pictures | Encyclopedia.com articles about Warren Edward Buffett 28 January 2010 2:02 UTC www.encyclopedia.com [Source type: News]

    .Buffett, for the first time in his life, made public prediction about the stock market.^ Stock market predictions - to be trusted?
    • Warren Buffett and the secret of long-term investing | This is Money 28 January 2010 2:02 UTC www.thisismoney.co.uk [Source type: News]

    ^ Buffett doesn’t time markets.
    • » Is Warren Buffett Smoking Crack? @ fivecentnickel.com 2 February 2010 11:19 UTC www.fivecentnickel.com [Source type: General]

    ^ If he’s so knowing about when to time the market, where’s his fortune?
    • » Is Warren Buffett Smoking Crack? @ fivecentnickel.com 2 February 2010 11:19 UTC www.fivecentnickel.com [Source type: General]


    .
    • "How do you feel?^ "How do you feel?
      • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
      • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

      ^ Let your Senators know how you feel.
      • Buffett: Cap-and-Trade Is a ‘Regressive’ Tax - Green Inc. Blog - NYTimes.com 28 January 2010 2:02 UTC greeninc.blogs.nytimes.com [Source type: News]

      ^ The question is how would you feel of a 25% to 38% drop during a normal year?
      • » Three Lessons from Warren Buffett | Get Rich Slowly 28 January 2010 2:02 UTC www.getrichslowly.org [Source type: General]

      Forbes asked.
      .
    • "Like an oversexed guy in a whorehouse.^ "Like an oversexed guy in a whorehouse.
      • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
      • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

      .Now is the time to invest and get rich."^ Now is the time to invest and get rich."
      • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
      • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

      ^ Berkshire Hathaway's price has increased by 6,111 times in 42 years; this means $1,000 invested with Berkshire stock in 1965 would have become $6.1 million by now...
      • Warren Buffett and Investment Theory - Human Science - a Wikia wiki 2 February 2010 11:19 UTC humanscience.wikia.com [Source type: FILTERED WITH BAYES]

      ^ Those who invested in his ideas early are now rich.
      • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

      [citation needed]
    • .
  • 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.^ 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.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ "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.
    • Top 25 Warren Buffett Quotes ~ market folly 28 January 2010 2:02 UTC www.marketfolly.com [Source type: General]

    ^ I would put it in one basket and watch that basket very carefully…stay away from the stock market and currencies..the whole world has become Vegas… .
    • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

    .A right-thinking duck would instead compare its position after the downpour to that of the other ducks on the pond.^ A right-thinking duck would instead compare its position after the downpour to that of the other ducks on the pond.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ A right-thinking duck would instead compare its position after the downpour to that of the other ducks on the pond .

    ^ A right-thinking duck would instead compare its position after the downpour to that of the other ducks on the pond."
    • Top 25 Warren Buffett Quotes ~ market folly 28 January 2010 2:02 UTC www.marketfolly.com [Source type: General]

    .
    • Letter to Berkshire Hathaway shareholders, 1997
  • A girl in a convertible is worth five in the phonebook.^ (Berkshire Hathaway – 1993 Chairman’s Letter to Shareholders) .
    • The Warren Buffett Backlash | Street Capitalist: Event Driven Value Investments 2 February 2010 11:19 UTC streetcapitalist.com [Source type: News]

    ^ Berkshire Hathaway's shareholders meeting and the events...
    • Warren Buffett - News, photos, topics, and quotes 2 February 2010 11:19 UTC www.daylife.com [Source type: FILTERED WITH BAYES]

    ^ Berkshire Hathaway annual shareholders meeting .
    • WarrenBuffettInfo.com Warren Buffet Infos Stock Portfolio News 2 February 2010 11:19 UTC www.warrenbuffetinfo.com [Source type: News]

    • Berkshire Hathaway 2000 Chairman’s Letter.
Intelligent decision making
.
  • Charlie and I decided long ago that in an investment lifetime it's too hard to make hundreds of smart decisions.^ Charlie and I decided long ago that in an investment lifetime it's too hard to make hundreds of smart decisions.

    ^ Every dollar decision we make is an investment, whether for long-term...
    • Warren Buffett - News, photos, topics, and quotes 2 February 2010 11:19 UTC www.daylife.com [Source type: FILTERED WITH BAYES]
    • Warren Buffett - Indian Premier League | IPL Cricket Highlights - Times of India 2 February 2010 11:19 UTC iplextra.indiatimes.com [Source type: FILTERED WITH BAYES]

    ^ Intelligent decision making Charlie and I decided long ago that in an investment lifetime it's too hard to make hundreds of smart decisions .
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    .That judgement became ever more compelling as Berkshire's capital mushroomed and the universe of investments that could significantly affect our results shrank dramatically.^ That judgement became ever more compelling as Berkshire's capital mushroomed and the universe of investments that could significantly affect our results shrank dramatically.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ I know you are more interested in free time than more money at this point, so the investment could come in the form of a firm to work on that for you on a results-only basis.
    • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

    ^ If Mr. Market says Berkshire is worth dramatically less than it is, I couldn’t be happier to buy more shares.” .
    • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

    .Therefore, we adopted a strategy that required our being smart - and not too smart at that - only a very few times.^ Therefore, we adopted a strategy that required our being smart - and not too smart at that - only a very few times.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ It’s actually very sad to me, but consider that the law of compounding returns is working against us, and our future potential is being exponentially affected by current losses.
    • » Is Warren Buffett Smoking Crack? @ fivecentnickel.com 2 February 2010 11:19 UTC www.fivecentnickel.com [Source type: General]

    ^ He thinks that there are very few outstanding businesses that are worth investing in - and he is ready to take plenty of time in digging them out.
    • How to invest like Warren Buffett | Investment & Funds | Times Online 28 January 2010 2:02 UTC www.timesonline.co.uk [Source type: News]

    .Indeed, we'll now settle for one good idea a year.^ Indeed, we'll now settle for one good idea a year .

    ^ Indeed, we'll now settle for one good idea a year.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Twenty years from now, a couple percentage points of GDP may go to servicing the deficit, but you'll do fine....
    • Buffett and Munger warn of real estate 'bubble' - May. 2, 2005 28 January 2010 2:02 UTC money.cnn.com [Source type: News]

    .(Charlie says it's my turn.^ (Charlie says it's my turn.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    )[citation needed]
  • .
  • The fact that people will be full of greed, fear or folly is predictable.^ "The fact that people will be full of greed, fear or folly is predictable.
    • Top 25 Warren Buffett Quotes ~ market folly 28 January 2010 2:02 UTC www.marketfolly.com [Source type: General]

    ^ The fact that people will be full of greed , fear or folly is predictable.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ The fact that people will be full of greed, fear or folly is predictable.

    The sequence is not predictable. .
    • Financial Review, 1985
  • I will tell you how to become rich.^ Financial Review, 1985 I will tell you how to become rich.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ I will tell you how to become rich.

    ^ This hindsight review of his choices is partially intended to teach you, the reader, how to make equally good investments and turn a profit without extensive risk.
    • Amazon.com: The Warren Buffett Way: Investment Strategies of the World's Greatest Investor (9780471177500): Robert G. Hagstrom: Books 2 February 2010 11:19 UTC www.amazon.com [Source type: General]

    Close the doors. .Be fearful when others are greedy.^ Be greedy when others are fearful."
    • Top 25 Warren Buffett Quotes ~ market folly 28 January 2010 2:02 UTC www.marketfolly.com [Source type: General]

    ^ Be greedy when others are fearful .

    ^ Be greedy when others are fearful.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    .Be greedy when others are fearful.^ Be greedy when others are fearful."
    • Top 25 Warren Buffett Quotes ~ market folly 28 January 2010 2:02 UTC www.marketfolly.com [Source type: General]

    ^ Be greedy when others are fearful .

    ^ Be greedy when others are fearful.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    .
    • Lecturing to a group of students at Columbia U. He was 21 years old.^ Lecturing to a group of students at Columbia U. He was 21 years old.
      • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
      • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

      ^ (He was later quoted in Fortune as telling a group of business students at Columbia, "Don't invest in airlines."
      • Warren Edward Buffett Facts, information, pictures | Encyclopedia.com articles about Warren Edward Buffett 28 January 2010 2:02 UTC www.encyclopedia.com [Source type: News]

      ^ And I’m a second-year student at Columbia Business School.
      • Warren Buffett « Kempton – ideas Revolutionary 2 February 2010 11:19 UTC kempton.wordpress.com [Source type: General]

      [citation needed]
    • .
  • We're more comfortable in that kind of business.^ We're more comfortable in that kind of business.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    .It means we miss a lot of very big winners.^ It means we miss a lot of very big winners.

    ^ The argument made sense to Buffett but he questioned whether the criteria were too stringent and caused the company to miss out on big winners that had more qualitative values.
    • Warren Buffett (SIADD) - Alternative History 2 February 2010 11:19 UTC althistory.wikia.com [Source type: FILTERED WITH BAYES]

    ^ The real problem is if you developed a diverse portfolio that included those big losers and missed the big winners that offset those losses in the average.
    • » Three Lessons from Warren Buffett | Get Rich Slowly 28 January 2010 2:02 UTC www.getrichslowly.org [Source type: General]

    .But we wouldn't know how to pick them out anyway.^ But we wouldn't know how to pick them out anyway.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ IOW, if you want to know how to outperform the market, go find out.
    • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

    ^ Buffett knows this and it is why he says to invest in an S&P low fee index fund – Investools teaches you how to get in and how to get out and how to protect your money.
    • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

    .It also means we have very few big losers - and that's quite helpful over time.^ It also means we have very few big losers - and that's quite helpful over time.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ He thinks that there are very few outstanding businesses that are worth investing in - and he is ready to take plenty of time in digging them out.
    • How to invest like Warren Buffett | Investment & Funds | Times Online 28 January 2010 2:02 UTC www.timesonline.co.uk [Source type: News]

    ^ I mean, Berkshire has debt, and it's helped us grow over time.
    • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

    .We're perfectly willing to trade away a big payoff for a certain payoff.^ We're perfectly willing to trade away a big payoff for a certain payoff .

    ^ We're perfectly willing to trade away a big payoff for a certain payoff.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ As long as we consume more than we produce, and we trade away little pieces of the country daily, they're going to own something.

    .
    • 1999 Berkshire Hathaway Annual Meeting[specific citation needed]
  • The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.^ Berkshire Hathaway Transcript 2009 Annual Meeting with commentaries .
    • Warren Buffett « Kempton – ideas Revolutionary 2 February 2010 11:19 UTC kempton.wordpress.com [Source type: General]

    ^ The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage .

    ^ Berkshire Hathaway's shareholders meeting and the events...
    • Warren Buffett - News, photos, topics, and quotes 2 February 2010 11:19 UTC www.daylife.com [Source type: FILTERED WITH BAYES]

    .
    • July 1999 at Herb Allen's Sun Valley, Idaho Retreat[citation needed]
  • The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry.^ July 1999 at Herb Allen's Sun Valley, Idaho Retreat [ citation needed ] The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry.

    ^ October 2003 talking with Wharton MBA students [ specific citation needed ] The important thing is to keep playing, to play against weak opponents and to play for big stakes.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    .We want to do business in such an environment, not because we like pessimism but because we like the prices it produces.^ We want to do business in such an environment, not because we like pessimism but because we like the prices it produces.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]
    • CXOAG Guru Grades � Buffett Buffet 2 February 2010 11:19 UTC www.cxoadvisory.com [Source type: News]

    ^ Regarding the types of businesses Berkshire likes to purchase, Buffett stated, We want businesses to be one (a) that we can understand; (b) with favorable long-term prospects; (c) operated by honest and competent people; and (d) available at a very attractive price.
    • Warren Buffett Stock Holdings, Investment Philosophies and News -- GuruFocus.com 28 January 2010 2:02 UTC www.gurufocus.com [Source type: General]

    ^ I wouldn't be able to predict it anyway, and if I did, I still want to be in wonderful businesses bought at the right price and have them in the right place.
    • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

    .It's optimism that is the enemy of the rational buyer.^ It is optimism that is the enemy of the rational buyer .

    ^ It's optimism that is the enemy of the rational buyer .

    ^ It's optimism that is the enemy of the rational buyer.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • CXOAG Guru Grades � Buffett Buffet 2 February 2010 11:19 UTC www.cxoadvisory.com [Source type: News]

    .
    • 1990 Chairman's Letter to Shareholders
  • Success in investing doesn't correlate with I.Q. once you're above the level of 125. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.^ Success in investing doesn't correlate with I.Q. once you're above the level of 125.

    ^ The key to investing success is controlling one's emotions as much as intelligence.
    • Fredericksburg.com - Blogs: Bill Freehling - TAGGED:Warren Buffett 28 January 2010 2:02 UTC www.fredericksburg.com [Source type: News]

    ^ Invest in what you understand and control.
    • » Three Lessons from Warren Buffett | Get Rich Slowly 28 January 2010 2:02 UTC www.getrichslowly.org [Source type: General]

    .
    • BusinessWeek Interview June 25 1999
  • Our future rates of gain will fall far short of those achieved in the past.^ Our future rates of gain will fall far short of those achieved in the past.

    ^ BusinessWeek Interview June 25 1999 Our future rates of gain will fall far short of those achieved in the past.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Preserving the capital I have left makes me willing to miss any short term gains in the near future.
    • » Is Warren Buffett Smoking Crack? @ fivecentnickel.com 2 February 2010 11:19 UTC www.fivecentnickel.com [Source type: General]

    .Berkshire's capital base is now simply too large to allow us to earn truly outsized returns.^ Berkshire's capital base is now simply too large to allow us to earn truly outsized returns.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Was an analyst for years on the buy side, at a very respectable shop that followed a Buffett-style strategy focused on quality of earnings and cash flows and returns to capital.
    • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

    ^ As Berkshire’s capital base increases Buffett warns that investors won’t see a duplicate of past returns.
    • Wisdom of Warren Buffett » Nofie Iman 28 January 2010 2:02 UTC nofieiman.com [Source type: FILTERED WITH BAYES]

    .If you believe otherwise, you should consider a career in sales but avoid one in mathematics (bearing in mind that there are really only three kinds of people in the world: those who can count and those who can't).^ Is that who you really are?
    • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

    ^ I really envy those people.

    ^ If you believe otherwise, you should consider a career in sales but avoid one in mathematics (bearing in mind that there are really only three kinds of people in the world: those who can count and those who can't).
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    .
    • 1998 Chairman's Letter to Shareholders
  • Time is the enemy of the poor business and the friend of the great business.^ Chairman's Letter to Shareholders Time is the enemy of the poor business and the friend of the great business.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Time is the enemy of the poor business and the friend of the great business.

    ^ Letter to Berkshire Hathaway shareholders, 1988 When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is usually the reputation of the business that remains intact.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    .If you have a business that's earning 20%-25% on equity, time is your friend.^ Thank you for your time.

    ^ Thank you for your time sir.

    ^ If you have a business that's earning 20%-25% on equity, time is your friend.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    .But time is your enemy if your money is in a low return business.^ But time is your enemy if your money is in a low return business .

    ^ But time is your enemy if your money is in a low return business.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Investing in your own business to optimize what is already successful almost always yields the highest returns year over year.
    • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

    • 1998 Berkshire Annual Meeting[specific citation needed]
  • Ben's Mr. Market allegory may seem out-of-date in today's investment world, in which most professionals and academicians talk of efficient markets, dynamic hedging and betas. .Their interest in such matters is understandable, since techniques shrouded in mystery clearly have value to the purveyor of investment advice.^ Their interest in such matters is understandable, since techniques shrouded in mystery clearly have value to the purveyor of investment advice.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ Warren Buffett: Well, I got a call this morning from a friend of mine at Goldman Sachs saying they might be interested in such an investment.

    ^ Very Good Insight On Buffett's Investment Strategy Excellent book for those interested in learning how Warren Buffett values stocks and businesses.
    • Amazon.com: The Warren Buffett Way: Investment Strategies of the World's Greatest Investor (9780471177500): Robert G. Hagstrom: Books 2 February 2010 11:19 UTC www.amazon.com [Source type: General]

    .After all, what witch doctor has ever achieved fame and fortune by simply advising 'Take two aspirins'?
    • 1987 Chairman's Letter to Shareholders
  • We will reject interesting opportunities rather than over-leverage our balance sheet.^ Chairman's Letter to Shareholders We will reject interesting opportunities rather than over-leverage our balance sheet.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ We will reject interesting opportunities rather than over-leverage our balance sheet .

    ^ After all, what witch doctor has ever achieved fame and fortune by simply advising 'Take two aspirins'?
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    .
    • Berkshire Hathaway Owners Manual[specific citation needed]
  • "If you expect to be a net saver during the next 5 years, should you hope for a higher or lower stock market during that period?"Many investors get this one wrong.^ This next year we can change that – I hope.
    • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

    ^ If you expect to be a net saver during the next 5 years, should you hope for a higher or lower stock market during that period?

    ^ It just means we go on to the next one, and that's what the individual investor should do .

    .Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise and depressed when they fall."This reaction makes no sense.^ Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise and depressed when they fall."This reaction makes no sense.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ It makes no sense."
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Charlie Rose: Prices make sense.

    .Only those who will be sellers of equities in the near future should be happy at seeing stocks rise.^ 'Because the message to the stock market would be a devastating one,' SOURCE: Indecision 2008 8 hours ago Only those who will be sellers of equities in the near future should be happy at seeing stocks rise.
    • Warren Buffett - Indian Premier League | IPL Cricket Highlights - Times of India 2 February 2010 11:19 UTC iplextra.indiatimes.com [Source type: FILTERED WITH BAYES]

    ^ Only those who will be sellers of equities in the near future should be happy at seeing stocks rise.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ As he once put it: you should never buy a stock unless you would be happy if the stock exchange closed down for the next ten years.
    • How to invest like Warren Buffett | Investment & Funds | Times Online 28 January 2010 2:02 UTC www.timesonline.co.uk [Source type: News]

    .Prospective purchasers should much prefer sinking prices.^ Prospective purchasers should much prefer sinking prices.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Prospective purchasers should much prefer sinking prices .

    ^ When acquisition costs are similar, we much prefer to purchase $2 of earnings that is not reportable by us under standard accounting principles than to purchase $1 of earnings that is reportable .

    • 1997 Chairman's Letter to Shareholders
Career decision
.
  • "It's crazy to take little in between jobs just because they look good on your resume.^ Chairman's Letter to Shareholders Career decision "It's crazy to take little in between jobs just because they look good on your resume.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ They just look cheap on me .

    ^ They are just too good.
    • Warren Buffett Stock Picks Valuation 2 February 2010 11:19 UTC www.scribd.com [Source type: General]

    .That's like saving sex for your old age.^ To me that's like saving sex for your old age.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ That's like saving sex for your old age.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Rolfe,It’s a pity you, like so many of your readers, stopped learning about Finance at the age of 14.
    • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

    .Do what you love and work for whom you admire the most, and you've given yourself the best chance in life you can."^ I said go to work for whoever you admire the most.

    ^ Do what you love and work for whom you admire the most, and you've given yourself the best chance in life you can."
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ I beg of you, sir, please give us a chance to live a comfortable life.
    • Think Progress » Warren Buffett: Major Philanthropist and Opponent of Estate Tax Repeal 2 February 2010 11:19 UTC thinkprogress.org [Source type: General]

    .
    • 2001? speech at Terry College of Business at the University of Georgia[citation needed]
  • "I asked him what he wanted to do for his career, and he replied that he wanted to go into a particular field, but thought he should work for McKinsey for a few years first to add to his resume.^ Go ahead and ask him.
    • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

    ^ Terry College of Business at the University of Georgia [ citation needed ] "I asked him what he wanted to do for his career, and he replied that he wanted to go into a particular field, but thought he should work for McKinsey for a few years first to add to his resume.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ I'm not going to ask him that question.
    • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

    .To me that's like saving sex for your old age.^ To me that's like saving sex for your old age.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ That's like saving sex for your old age.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Rolfe,It’s a pity you, like so many of your readers, stopped learning about Finance at the age of 14.
    • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

    .It makes no sense."^ It makes no sense."
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Warren Buffett is no prophet: he is just one that after having analyzed things well says words that make sense.” .
    • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

    ^ It makes absolutely no sense that he, or I should pay a smaller percentage of our income than those who go to work 8 hours a day .
    • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

    [citation needed]
Inactivity as intelligent
.
  • We don't get paid for activity, just for being right.^ Inactivity as intelligent We don't get paid for activity, just for being right.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ We don't get paid for activity, just for being right.

    ^ But you don't want to have artificial prices being paid.

    .As to how long we'll wait, we'll wait indefinitely.^ As to how long we'll wait, we'll wait indefinitely.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ As to how long we'll wait, we'll wait indefinitely .

    ^ As to how long we’ll wait, we’ll wait indefinitely.” .
    • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

    .
    • 1998 Berkshire Hathaway Annual Meeting[specific citation needed]
  • I call investing the greatest business in the world because you never have to swing.^ Berkshire Hathaway annual shareholder meeting.
    • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

    ^ Berkshire Hathaway Annual Meeting [ specific citation needed ] I call investing the greatest business in the world because you never have to swing.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ I call investing the greatest business in the world because you never have to swing.

    .You stand at the plate, the pitcher throws you General Motors at 47! U.S. Steel at 39! and nobody calls a strike on you.^ You stand at the plate, the pitcher throws you General Motors at 47!
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ If you gave me the choice of being CEO of General Electric or IBM or General Motors, you name it, or delivering papers, I would deliver papers.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    .There's no penalty except opportunity lost.^ There's no penalty except opportunity lost.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    .All day you wait for the pitch you like; then when the fielders are asleep, you step up and hit it.^ As you can see, not all of these are up.
    • Warren Buffett – 24/7 Wall St. 2 February 2010 11:19 UTC 247wallst.com [Source type: News]

    ^ All day you wait for the pitch you like; then when the fielders are asleep, you step up and hit it .

    ^ All day you wait for the pitch you like; then when the fielders are asleep, you step up and hit it.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    [citation needed]
  • .
  • The stock market is a no-called-strike game.^ The stock market is a no-called-strike game.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ But there are no scientific laws that we know of governing the stock market.
    • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

    ^ If you're confident in your judgment of a stock's worth, you should pay no mind to what Mr. Market thinks.
    • Fredericksburg.com - Blogs: Bill Freehling - TAGGED:Warren Buffett 28 January 2010 2:02 UTC www.fredericksburg.com [Source type: News]

    .You don't have to swing at everything--you can wait for your pitch.^ What’s nice about investing is you don’t have to swing at pitches .
    • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

    ^ You don't have to swing at everything--you can wait for your pitch.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ You don't have to swing at everything - you can wait for your pitch.

    .The problem when you're a money manager is that your fans keep yelling, 'Swing, you bum!'^ The problem when you're a money manager is that your fans keep yelling, "Swing, you bum!"

    ^ Keep doing what you’re doing.

    ^ So keep doing what you’re doing.
    • Warren Buffett - Dealbreaker - A Wall Street Tabloid - Business News Headlines and Financial Gossip 28 January 2010 2:02 UTC dealbreaker.com [Source type: News]

    • 1999 Berkshire Hathaway Annual Meeting[specific citation needed]
On diversification
.
  • The strategy we've adopted precludes our following standard diversification dogma.^ The strategy we've adopted precludes our following standard diversification dogma.

    ^ Berkshire Hathaway Annual Meeting [ specific citation needed ] On diversification The strategy we've adopted precludes our following standard diversification dogma.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ We\’ve given up our American culture for a follow the feds, theyll show us the way lifestyle.
    • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

    .Many pundits would therefore say the strategy must be riskier than that employed by more conventional investors.^ Many pundits would therefore say the strategy must be riskier than that employed by more conventional investors.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ The bailout was the only way to stave off complete financial collapse that would have threatened the fabric of the nation much more than we have ever seen.
    • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

    ^ It is more important to say "no" to an opportunity, than to say "yes" .

    We disagree. .We believe that a policy of portfolio concentration may well decrease risk if it raises, as it should, both the intensity with which an investor thinks about a business and the comfort-level he must feel with its economic characteristics before buying into it.^ We believe that a policy of portfolio concentration may well decrease risk if it raises, as it should, both the intensity with which an investor thinks about a business and the comfort-level he must feel with its economic characteristics before buying into it .

    ^ We believe that a policy of portfolio concentration may well decrease risk if it raises, as it should, both the intensity with which an investor thinks about a business and the comfort-level he must feel with its economic characteristics before buying into it.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ BUFFETT: Well, I think you should always be thinking about the future.
    • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

    .
    • 1993 Chairman's Letter to Shareholders
  • Diversification is a protection against ignorance.^ Diversification is a protection against ignorance.

    ^ Chairman's Letter to Shareholders Diversification is a protection against ignorance.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Posted on March 1, 2009 by Kevin LaCroix On February 28, 2009, Berkshire Hathaway released ( here ) the annual letter of its Chairman Warren Buffett , to the company’s shareholders.
    • : Warren Buffett : The D & O Diary 28 January 2010 2:02 UTC www.dandodiary.com [Source type: FILTERED WITH BAYES]

    .It makes very little sense for those who know what they're doing.^ It makes very little sense for those who know what they're doing .

    ^ It makes very little sense for those who know what they're doing.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ But I don't know what those little things do."
    • Warren Edward Buffett Facts, information, pictures | Encyclopedia.com articles about Warren Edward Buffett 28 January 2010 2:02 UTC www.encyclopedia.com [Source type: News]

    [citation needed]
On margin of safety
.
  • If you understood a business perfectly and the future of the business, you would need very little in the way of a margin of safety.^ If you understood a business perfectly and the future of the business, you would need very little in the way of a margin of safety.

    ^ On margin of safety If you understood a business perfectly and the future of the business, you would need very little in the way of a margin of safety .
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ It looks to me like you need a tax accountant who can setup your company/business the right way so that you wouldn\’t consider your investment back into the company as profit when you haven\’t set aside the taxes associated with the sales.
    • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

    .So, the more vulnerable the business is, assuming you still want to invest in it, the larger margin of safety you'd need.^ If YOU want to pay more, YOU pay more.
    • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

    ^ So, the more vulnerable the business is, assuming you still want to invest in it, the larger margin of safety you'd need.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ Jim Cramer, a man who does not have the reputation or elequence of Buffet has said if you need the money in five years, don’t invest.
    • Warren Buffett says “Buy American” | Million Dollar Journey 28 January 2010 2:02 UTC www.milliondollarjourney.com [Source type: General]

    .If you're driving a truck across a bridge that says it holds 10,000 pounds and you've got a 9,800 pound vehicle, if the bridge is 6 inches above the crevice it covers, you may feel okay, but if it's over the Grand Canyon, you may feel you want a little larger margin of safety...^ You build a bridge that 30,000-pound trucks can go across and then you drive 10,000-pound trucks across it.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ If you're driving a truck across a bridge that says it holds 10,000 pounds and you've got a 9,800 pound vehicle, if the bridge is 6 inches above the crevice it covers, you may feel okay, but if it's over the Grand Canyon, you may feel you want a little larger margin of safety...
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Is that what you're saying?
    • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

    .
    • 1997 Berkshire Hathaway Annual Meeting[specific citation needed]
  • You leave yourself an enormous margin of safety.^ Berkshire Hathaway Transcript 2009 Annual Meeting with commentaries .
    • Warren Buffett « Kempton – ideas Revolutionary 2 February 2010 11:19 UTC kempton.wordpress.com [Source type: General]

    ^ Berkshire Hathaway Annual Meeting [ specific citation needed ] I call investing the greatest business in the world because you never have to swing.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Berkshire Hathaway Annual Meeting [ specific citation needed ] You leave yourself an enormous margin of safety.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    .You build a bridge that 30,000-pound trucks can go across and then you drive 10,000-pound trucks across it.^ You build a bridge that 30,000-pound trucks can go across and then you drive 10,000-pound trucks across it.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ That is the way I like to go across bridges.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ That is the way I like to go across bridges .

    .That is the way I like to go across bridges.^ That is the way I like to go across bridges.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ You build a bridge that 30,000-pound trucks can go across and then you drive 10,000-pound trucks across it.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ As an outside observer, keeping a lower profile would likely go a long way to repairing family relations.
    • Warren Buffett disowns his granddaughter - Dealbreaker - A Wall Street Tabloid - Business News Headlines and Financial Gossip 28 January 2010 2:02 UTC dealbreaker.com [Source type: General]

    • Financial World, June 13, 1984.
Efficient market hypothesis
.
  • I'd be a bum on the street with a tin cup if the markets were always efficient.^ I'd be a bum on the street with a tin cup if the markets were always efficient .

    ^ J.D. Says: September 10th, 2008 at 10:44 am “I’d be a bum on the street with a tin cup if the markets were always efficient.” — Warren Buffett .
    • » Warren Buffett’s Ten Secrets to Wealth and Life | Get Rich Slowly 28 January 2010 2:02 UTC www.getrichslowly.org [Source type: General]

    ^ Efficient market hypothesis I'd be a bum on the street with a tin cup if the markets were always efficient.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    [citation needed]
General rules
.
  • Rule No.1: Never lose money.^ Rule No.1: Never lose money.

    ^ Rule No.2: Never forget rule No.1.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Rule No.2: Never forget rule No.1 .

    .Rule No.2: Never forget rule No.1.[citation needed]
  • It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.^ It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Rule No.1: Never lose money.

    ^ Rule No.2: Never forget rule No.1.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    [citation needed]
  • .
  • You're neither right nor wrong because other people agree with you.^ Barron’s is right and we are wrong OR we’re right and Barron’s is wrong.
    • Warren Buffett – 24/7 Wall St. 2 February 2010 11:19 UTC 247wallst.com [Source type: News]

    ^ You are neither right nor wrong because the crowd disagrees with you.

    ^ You're neither right nor wrong because other people agree with you.

    .You're right because your facts are right and your reasoning is right—and that's the only thing that makes you right.^ But you\’re right – the whole thing could certainly be simplified.
    • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

    ^ Don’t you hate it when you’re pitied because of your philosophy?
    • Warren Buffet: Atheist Philanthropist? 2 February 2010 11:19 UTC atheism.about.com [Source type: Original source]

    ^ You're kidding right?
    • Warren Buffett: Tax 'the hides of guys like me': The Swamp 28 January 2010 2:02 UTC www.swamppolitics.com [Source type: General]

    .And if your facts and reasoning are right, you don't have to worry about anybody else.^ And if your facts and reasoning are right, you don't have to worry about anybody else .

    ^ Don’t let anybody else tell you what to do.
    • Warren Buffett « Kempton – ideas Revolutionary 2 February 2010 11:19 UTC kempton.wordpress.com [Source type: General]

    ^ And if your facts and reasoning are right, you don’t have to worry about anybody else.” .
    • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

    [citation needed]
  • .
  • Our favourite holding period is forever.^ Our favorite holding period is forever .

    ^ Our favourite holding period is forever.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Buffett's long-term approach can be seen in the fact that he has held some of his investments for decades, and that he has been quoted as saying Berkshire's favourite holding period is “forever.” .
    • Investing by copying Warren Buffett's style - The Globe and Mail 28 January 2010 2:02 UTC www.theglobeandmail.com [Source type: General]

    .
    • Letter to Berkshire Hathaway shareholders, 1988
  • When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is usually the reputation of the business that remains intact.^ When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is usually the reputation of the business that remains intact .

    ^ Berkshire Hathaway annual shareholder meeting.
    • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

    ^ Berkshire Hathaway annual shareholders meeting .
    • WarrenBuffettInfo.com Warren Buffet Infos Stock Portfolio News 2 February 2010 11:19 UTC www.warrenbuffetinfo.com [Source type: News]

    [citation needed]
  • .
  • Risk comes from not knowing what you're doing.^ Keep doing what you’re doing.

    ^ Risk comes from not knowing what you're doing .

    ^ So keep doing what you’re doing.
    • Warren Buffett - Dealbreaker - A Wall Street Tabloid - Business News Headlines and Financial Gossip 28 January 2010 2:02 UTC dealbreaker.com [Source type: News]

    [citation needed]
  • .
  • If you don't know jewelry, know the jeweler.^ If you don't know jewelry, know the jeweller .

    ^ I know I don't, but if you check wiki.
    • Charlie Rose - An exclusive conversation with Warren Buffett 28 January 2010 2:02 UTC www.charlierose.com [Source type: General]
    • Charlie Rose - An exclusive conversation with Warren Buffett 2 February 2010 11:19 UTC www.charlierose.com [Source type: General]

    ^ If you don't know jewelry, know the jeweler.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    [citation needed]
  • .
  • If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.^ If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes .

    ^ If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ But you still have to figure out what your own feeling is about what oil's going to be selling for three years from now or five years from now.
    • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

    [citation needed]
  • .
  • There seems to be some perverse human characteristic that likes to make easy things difficult.^ There seems to be some perverse human characteristic that likes to make easy things difficult .

    ^ There seems to be some perverse human characteristic that likes to make easy things difficult.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ For to a degree, people read the press to inform themselves-and the better the teacher, the better the student body.” “There seems to be some perverse human characteristic that likes to make easy things difficult.” “When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.” “Why not invest your assets in the companies you really like?
    • Wisdom of Warren Buffett » Nofie Iman 28 January 2010 2:02 UTC nofieiman.com [Source type: FILTERED WITH BAYES]

    [citation needed]
  • .
  • One's objective should be to get it right, get it quick, get it out, and get it over...^ One's objective should be to get it right, get it quick, get it out, and get it over.

    ^ QUICK: All right, so it cured you the first time out.
    • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

    ^ One's objective should be to get it right, get it quick, get it out, and get it over...
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    your problem won't improve with age.[citation needed]
  • .
  • A public-opinion poll is no substitute for thought.^ A public-opinion poll is no substitute for thought .

    ^ A public-opinion poll is no substitute for thought.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ If not, I won’t do a damn thing.” “You only have to do a very few things right in your life so long as you don’t do too many things wrong.” “Your premium brand had better be delivering something special, or it’s not going to get the business.” “A public-opinion poll is no substitute for thought.” Possibly Related: .
    • Wisdom of Warren Buffett » Nofie Iman 28 January 2010 2:02 UTC nofieiman.com [Source type: FILTERED WITH BAYES]

    [citation needed]
  • .
  • In the insurance business, there is no statute of limitation on stupidity.^ In the insurance business, there is no statute of limitation on stupidity .

    ^ In the insurance business, there is no statute of limitation on stupidity.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ I mean, there was virtually no limit on credit.
    • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

    [citation needed]
  • .
  • If a business does well, the stock eventually follows.^ If a business does well, the stock eventually follows.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ If a business does well, the stock eventually follows .

    ^ I buy on the assumption that they could close the market the next day and not reopen it for five years.” “If a business does well, the stock eventually follows.” “If past history was all there was to the game, the richest people would be librarians.” “It takes 20 years to build a reputation and five minutes to ruin it.
    • Wisdom of Warren Buffett » Nofie Iman 28 January 2010 2:02 UTC nofieiman.com [Source type: FILTERED WITH BAYES]

    [citation needed]
  • .
  • The most important quality for an investor is temperament, not intellect...^ The most important quality for an investor is temperament, not intellect.

    ^ The most important quality for an investor is temperament, not intellect...
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    .You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.^ You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ You need a temperament that neither derives great pleasure from being with the crowd or against the crowd .

    ^ You are neither right nor wrong because the crowd disagrees with you.

    [citation needed]
  • .
  • The future is never clear, and you pay a very high price in the stock market for a cheery consensus.^ The future is never clear, and you pay a very high price in the stock market for a cheery consensus.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ Price conscious Price is what you pay.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Price is what you pay.

    .Uncertainty is the friend of the buyer of long-term values.^ Uncertainty is the friend of the buyer of long-term values.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Uncertainty is the friend of the buyer of long-term values .

    ^ Munger urged his friend to leave the cigar butts in the gutter and think of value in more expansive terms.
    • The Warren Buffett You Don't Know 28 January 2010 2:02 UTC www.businessweek.com [Source type: Original source]

    [citation needed]
  • .
  • We will only do with your money what we would do with our own.^ We will only do with your money what we would do with our own .

    ^ We will only do with your money what we would do with our own.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Our Government would have spent the bail-out money regardless of who benefited from it.
    • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

    [citation needed]
  • .
  • Occasionally, a man must rise above principles.^ Occasionally, a man must rise above principles.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Occasionally, a man must rise above principles .

    [citation needed]
  • .
  • It takes 20 years to build a reputation and five minutes to ruin it.^ It takes 20 years to build a reputation and five minutes to ruin it.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]
    • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

    ^ I buy on the assumption that they could close the market the next day and not reopen it for five years.” “If a business does well, the stock eventually follows.” “If past history was all there was to the game, the richest people would be librarians.” “It takes 20 years to build a reputation and five minutes to ruin it.
    • Wisdom of Warren Buffett » Nofie Iman 28 January 2010 2:02 UTC nofieiman.com [Source type: FILTERED WITH BAYES]

    ^ Berkshire Hathaway Shares Soar As Warren Buffett Joins the S&P 500 - CNBC: http://www.cnbc.com/id/35086329 via @addthis “It takes 20 years to build a reputation and five minutes to ruin it.
    • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

    .If you think about that, you'll do things differently.^ You think about it; it's true.

    ^ When you have it, you don't even think about it.

    ^ QUICK: Warren, what do you think about that?
    • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

    [citation needed]
  • .
  • 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.^ 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.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ But I want to make one thing clear going in: Though I will be talking about the level of the market, I will not be predicting its next moves.
    • Warren Buffett Makes 4 Market Calls 28 January 2010 2:02 UTC www.slideshare.net [Source type: General]

    ^ One thing I don't like about Lebron James is his association with Buffet.
    • Warren Buffett: "Our first stimulus bill...was sort of like taking half a tablet of Viagra" - Hit & Run : Reason Magazine 28 January 2010 2:02 UTC reason.com [Source type: General]

    .Only in fairy tales are emperors told that they are naked.^ Only in fairy tales are emperors told that they are naked.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Only in fairy tales are emperors told that they are naked .

    ^ And to do so when they are only just starting out with little idea of where to start or what is an important indicator of value and while being told to expect only long-term gains?
    • Amazon.com: The Warren Buffett Way: Investment Strategies of the World's Greatest Investor (9780471177500): Robert G. Hagstrom: Books 2 February 2010 11:19 UTC www.amazon.com [Source type: General]

    [citation needed]
  • .
  • When asked how he became so successful in investing, Buffett answered: we read hundreds and hundreds of annual reports every year.^ A man from China asked Buffett how he plans to invest in the country.
    • Fredericksburg.com - Blogs: Bill Freehling - TAGGED:Warren Buffett 28 January 2010 2:02 UTC www.fredericksburg.com [Source type: News]

    ^ Buffett reads numbers like that and then invests.
    • An Open Letter to Warren Buffett | Bill Schneider | Travel & Outdoors | NewWest.Net 28 January 2010 2:02 UTC www.newwest.net [Source type: Original source]

    ^ When asked how he became so successful in investing, Buffett answered: we read hundreds and hundreds of annual reports every year.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    [citation needed]
  • .
  • "I never buy anything unless I can fill out on a piece of paper my reasons.^ "I never buy anything unless I can fill out on a piece of paper my reasons.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ I never buy anything unless I can fill out on a piece of paper my reasons.

    ^ What do I know and how can I use that knowledge?” or I can lament my circumstances relative to Mr. Buffet and use it as an excuse to never do anything.
    • » Three Lessons from Warren Buffett | Get Rich Slowly 28 January 2010 2:02 UTC www.getrichslowly.org [Source type: General]

    .I may be wrong, but I would know the answer to that.^ I may be wrong, but I would know the answer to that.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ."I'm paying $32 billion today for the Coca Cola Company because..."^ Today, a hedge fund investing billions using a quantitative formula can stall a stock; a couple hedge funds aligned can turn a profitable company into a Dow laggard.

    ^ In 1988, Buffett began buying stock in Coca-Cola Company, eventually purchasing up to 7 percent of the company for $1.02 billion.
    • Warren Buffett (SIADD) - Alternative History 2 February 2010 11:19 UTC althistory.wikia.com [Source type: FILTERED WITH BAYES]

    ^ "I'm paying $32 billion today for the Coca Cola Company because..."
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    .If you can't answer that question, you shouldn't buy it.^ If you can't answer that question, you shouldn't buy it.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ If you can answer that question, and you do it a few times, you'll make a lot of money .

    ^ And if you can't write an intelligent answer to those questions, don't do it.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    .If you can answer that question, and you do it a few times, you'll make a lot of money."^ If you can't answer that question, you shouldn't buy it.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ If you can answer that question, and you do it a few times, you'll make a lot of money."
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ If you can answer that question, and you do it a few times, you'll make a lot of money .

    [citation needed]
  • .
  • You ought to be able to explain why you're taking the job you're taking, why you're making the investment you're making, or whatever it may be.^ You ought to be able to explain why you're taking the job you're taking, why you're making the investment you're making, or whatever it may be.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ This hindsight review of his choices is partially intended to teach you, the reader, how to make equally good investments and turn a profit without extensive risk.
    • Amazon.com: The Warren Buffett Way: Investment Strategies of the World's Greatest Investor (9780471177500): Robert G. Hagstrom: Books 2 February 2010 11:19 UTC www.amazon.com [Source type: General]

    ^ I'm not sure why you would think anyone would take that statement at face value.
    • Warren Buffett: "Our first stimulus bill...was sort of like taking half a tablet of Viagra" - Hit & Run : Reason Magazine 28 January 2010 2:02 UTC reason.com [Source type: General]

    .And if it can't stand applying pencil to paper, you'd better think it through some more.^ And if it can't stand applying pencil to paper, you'd better think it through some more.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ Charlie and I hope that you do not think of yourself as merely owning a piece of paper whose price wiggles around daily and that is a candidate for sale when some economic or political event makes you nervous.
    • » Three Lessons from Warren Buffett | Get Rich Slowly 28 January 2010 2:02 UTC www.getrichslowly.org [Source type: General]

    ^ If you think about that, you'll do things differently.” Warren Buffett "When you combine ignorance and leverage, you get some pretty interest..
    • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

    .And if you can't write an intelligent answer to those questions, don't do it.^ If you can't answer that question, you shouldn't buy it.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ And if you can't write an intelligent answer to those questions, don't do it .

    ^ And if you can't write an intelligent answer to those questions, don't do it.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    [citation needed]
  • .
  • I really like my life.^ I really like my life.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ My sister was really fat and she was made fun of all her life.
    • Warren Buffett Sends a Letter to TMC's Tracey Schelmetic 28 January 2010 2:02 UTC blog.tmcnet.com [Source type: General]

    ^ BUT now as an adult, I understand that this was HIS loss and I was really better off without his influence in my life.
    • Warren Buffett disowns his granddaughter - Dealbreaker - A Wall Street Tabloid - Business News Headlines and Financial Gossip 28 January 2010 2:02 UTC dealbreaker.com [Source type: General]

    .I've arranged my life so that I can do what I want.^ I've arranged my life so that I can do what I want .

    ^ I've arranged my life so that I can do what I want.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Loving my life with the use of a VA. Amazing things happen when you don’t have any excuse not to start something you have been wanting to.
    • Picking Warren Buffett’s Brain: Notes from a Novice 28 January 2010 2:02 UTC www.fourhourworkweek.com [Source type: General]

    [citation needed]
  • .
  • If you gave me the choice of being CEO of General Electric or IBM or General Motors, you name it, or delivering papers, I would deliver papers.^ If you gave me the choice of being CEO of General Electric or IBM or General Motors, you name it, or delivering papers, I would deliver papers.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ I thought you were being too generous to Buffett.
    • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

    ^ If you would prefer to give up your US residency to save the 10%, that\’s always your choice.
    • Warren Buffett , Taxes and the Presidency « blog maverick 28 January 2010 2:02 UTC blogmaverick.com [Source type: General]

    I would. I enjoyed doing that. .I can think about what I want to think.^ I can think about what I want to think.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Warren, do you want to toss out to Carl, what you've been thinking about?
    • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

    ^ Whatever you think about Buffet, it appears that he's serious about wanting to give his money to charity.
    • TaxProf Blog: Warren Buffet Pays 17.7% Tax Rate; His Employees Pay 32.9% 28 January 2010 2:02 UTC taxprof.typepad.com [Source type: General]

    .I don't have to do anything I don't want to do.^ I don't have to do anything I don't want to do.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ I don't have to do anything I don't want to do .

    ^ I don't want a dime of my parents money when they pass away, nor my grandparents nor do I want anything from them now.
    • Warren Buffett disowns his granddaughter - Dealbreaker - A Wall Street Tabloid - Business News Headlines and Financial Gossip 28 January 2010 2:02 UTC dealbreaker.com [Source type: General]

    [citation needed]
Views of government and Wall Street
.
  • This time Congress should listen to the slim accountants.^ This time Congress should listen to the slim accountants.

    ^ Views of government and Wall Street This time Congress should listen to the slim accountants .
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    .The logic behind their thinking is simple:
  1. If options aren't a form of compensation, what are they?
  2. If compensation isn't an expense, what is it?
  3. And if expenses shouldn't go into the calculation of earnings, where in the world should they go?^ I think they should bri..
    • Warren buffett - surchur 2 February 2010 11:19 UTC surchur.com [Source type: FILTERED WITH BAYES]

    ^ And, if expenses shouldn’t go into the calculation of earnings, where should they go?” .
    • Wisdom of Warren Buffett » Nofie Iman 28 January 2010 2:02 UTC nofieiman.com [Source type: FILTERED WITH BAYES]

    ^ If someone can’t see this simple fact they should not be investing.
    • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

    [citation needed]
  4. .
  • First, many in Wall Street - a community in which quality control is not prized - will sell investors anything they will buy.^ First, many in Wall Street - a community in which quality control is not prized - will sell investors anything they will buy .

    ^ The world's stock markets offer the prospect of attractive returns, but they can be a minefield for many investors.
    • Warren Buffett: News & Videos about Warren Buffett - CNN.com 28 January 2010 2:02 UTC topics.edition.cnn.com [Source type: News]

    ^ Most investors cannot resist the temptation to constantly buy and sell .

    .
    • 2000 Letter to Shareholders
  • An irresistable footnote: in 1971, pension fund managers invested a record 122% of net funds available in equities - at full prices they couldn't buy enough of them.^ And they don’t have to buy at a fancy prices, but to buy.

    ^ But while the shareholder letters are available online, they are presented chronologically and are not indexed.
    • : Warren Buffett : The D & O Diary 28 January 2010 2:02 UTC www.dandodiary.com [Source type: FILTERED WITH BAYES]

    ^ An irresistable footnote: in 1971, pension fund managers invested a record 122% of net funds available in equities - at full prices they couldn't buy enough of them.

    .In 1974, after the bottom had fallen out, they committed a then record low of 21% to stocks.^ In 1974, after the bottom had fallen out, they committed a then record low of 21% to stocks .

    ^ In 1974, after the bottom had fallen out, they committed a then record low of 21% to stocks.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ BUFFETT: So that doesn't mean that the equity can't get wiped out, and it almost has in the stock market, and in practical sense as institutions, they don't have any net worth.
    • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

    .
    • 1978 Chairman's Letter to Shareholders
  • When returns on capital are ordinary, an earn-more-by-putting-up-more record is no great managerial achievement.^ Chairman's Letter to Shareholders When returns on capital are ordinary, an earn-more-by-putting-up-more record is no great managerial achievement.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ When returns on capital are ordinary, an earn-more-by-putting-up-more record is no great managerial achievement.

    ^ Was an analyst for years on the buy side, at a very respectable shop that followed a Buffett-style strategy focused on quality of earnings and cash flows and returns to capital.
    • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

    .You can get the same result personally while operating from your rocking chair.^ You can get the same result personally while operating from your rocking chair.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ It's filled with 365 great tactics you can apply to your personal finances, from frugal tips to great ideas for managing your money.
    • The Simple Dollar » Warren Buffett on Reputation 2 February 2010 11:19 UTC www.thesimpledollar.com [Source type: General]

    ^ There is no way to change your behavior if you continue to drink the same cool aid.
    • Warren Buffett: Tax 'the hides of guys like me': The Swamp 28 January 2010 2:02 UTC www.swamppolitics.com [Source type: General]

    just quadruple the capital you commit to a savings account and you will quadruple your earnings. .You would hardly expect hosannas for that particular accomplishment.^ You would hardly expect hosannas for that particular accomplishment.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ Would you expect any less?
    • http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ 28 January 2010 2:02 UTC blogs.reuters.com [Source type: General]

    ^ I mean, do you expect to see other deals that would come as a result of this?
    • CNBC Transcript: Warren Buffett Interview on “Squawk Box” - The Page by Mark Halperin - TIME.com 2 February 2010 11:19 UTC thepage.time.com [Source type: Original source]

    .Yet, retirement announcements regularly sing the praises of CEOs who have, say, quadrupled earnings of their widget company during their reign - with no one examining whether this gain was attributable simply to many years of retained earnings and the workings of compound interest.^ The time to get interested is when no one else is.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ Yet, retirement announcements regularly sing the praises of CEOs who have, say, quadrupled earnings of their widget company during their reign - with no one examining whether this gain was attributable simply to many years of retained earnings and the workings of compound interest .
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffet Quotes - Rated and Sorted 2 February 2010 11:19 UTC www.elemental-sayings-quotes.com [Source type: Original source]

    ^ As one who has been driving a fully electric Toyota RAV4 EV for 7 years, and charging it with a solar PV system, I can speak to the question of whether this technology is ready.
    • Warren Buffett: All Cars Will Be Electric. In 20 Years | The Truth About Cars 2 February 2010 11:19 UTC www.thetruthaboutcars.com [Source type: General]

    .
    • 1985 Chairman's Letter to Shareholders
  • Wall Street is the only place that people ride to work in a Rolls Royce to get advice from those who take the subway.^ Wall Street is the only place that people ride to work in a Rolls Royce to get advice from those who take the subway .

    ^ Chairman's Letter to Shareholders Wall Street is the only place that people ride to work in a Rolls Royce to get advice from those who take the subway.
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ And those shareholders are not just a bunch of big shots in Wall Street.

    [citation needed]
  • .
  • The Stock Market is designed to transfer money from the Active to the Patient.^ The Stock Market is designed to transfer money from the Active to the Patient .

    ^ I never attempt to make money on the stock market.

    ^ My Mom went down to a bank in Fort Scott, Kansas and borrowed money to invest in the stock market (I wish she had borrowed more).
    • Warren Buffet | Steven Wevodau - Property & Casualty Insurance 2 February 2010 11:19 UTC stevenwevodau.org [Source type: Original source]

    [citation needed]
  • .
  • Managers thinking about accounting issues should never forget one of Abraham Lincoln's favorite riddles: `How many legs does a dog have if you call his tail a leg?'^ Managers thinking about accounting issues should never forget one of Abraham Lincoln's favorite riddles: "How many legs does a dog have if you call his tail a leg?"

    ^ You think about it; it's true.

    ^ When you have it, you don't even think about it.

    .The answer: `Four, because calling a tail a leg does not make it a leg'.[citation needed]
  • Just as work expands to fill available time, corporate projects or acquisitions will materialize to soak up available funds...^ The answer: "Four, because calling a tail a leg does not make it a leg" .

    ^ Just as work expands to fill available time, corporate projects or acquisitions will materialize to soak up available funds...
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]
    • Warren Buffett - Wikiquote 28 January 2010 2:02 UTC en.wikiquote.org [Source type: Original source]

    ^ Just as work expands to fill available time, corporate projects or acquisitions will materialize to soak up available funds.

    any business craving of the leader, however foolish, will be quickly supported by detailed rate-of-return and strategic studies prepared by his troops. .
  • Working with people who cause your stomach to churn seems much like marrying for money - probably a bad idea under any circumstances, but absolute madness if you are already rich.^ I guess that is what happens when you have too much money.
    • That Awesome Warren Buffett CNBC Interview 2 February 2010 11:19 UTC www.businessinsider.com [Source type: Original source]

    ^ Working with people who cause your stomach to churn seems much like marrying for money - probably a bad idea under any circumstances, but absolute madness if you are already rich .
    • Warren Buffet