There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.
Warren BuffettTag: politics rich economics inequality class-struggle class-warfare poor economics-money economics-greed occupy-wall-street the-one-percent
You only have to do a very few things right in your life so long as you don't do too many things wrong.
Warren BuffettIt takes 20 years to build a reputation and five minuted to ruin it. If you think about that you'll do things differently.
Warren BuffettInvestors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the like, these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the models. Beware of geeks bearing formulas.
Warren BuffettTag: investing
You can't produce a baby in one month by getting nine women pregnant.
Warren BuffettThe attitude of our managers vividly contrasts with that of the young man who married a tycoon's only child, a decidedly homely and dull lass. Relieved, the father called in his new son- in-law after the wedding and began to discuss the future:
Son, you're the boy I always wanted and never had. Here's a stock certificate for 50% of the company. You're my equal partner from now on.'
Thanks, dad.'
Now, what would you like to run? How about sales?'
I'm afraid I couldn't sell water to a man crawling in the Sahara.'
Well then, how about heading human relations?'
I really don't care for people.'
No problem, we have lots of other spots in the business. What would you like to do?'
Actually, nothing appeals to me. Why don't you just buy me out?
Price is what you pay. Value is what you get.
Warren BuffettTag: business
Failing conventionally is the route to go; as a group, lemmings may have a rotten image, but no individual lemming has ever received bad press
Warren BuffettTag: business
When you combine ignorance and leverage, you get some pretty interesting results.
Warren BuffettTag: ignorance warren-buffet leverage
I always knew I was going to be rich. I don't think I ever doubted it for a minute.
Warren BuffettTag: doubt rich warren-buffett
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