A biography for Warren Buffetthasn’t been written yet.
“I do know that when I am 60, I should be attempting to achieve different personal goals than those which had priority at age 20.”
“I always knew I was going to be rich. I don't think I ever doubted it for a minute.”
“I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.”
“I bought a company in the mid-'90s called Dexter Shoe and paid $400 million for it. And it went to zero. And I gave about $400 million worth of Berkshire stock, which is probably now worth $400 billion. But I've made lots of dumb decisions. That's part of the game.”
“Chains of habit are too light to be felt until they are too heavy to be broken.”
“You have no ability, if you're a financial institution and you're threatened with criminal prosecution, you have no ability to negotiate.”
“I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.”
“We're still in a recession. We're not gonna be out of it for a while, but we will get out.”
“If past history was all there was to the game, the richest people would be librarians.”
“A public-opinion poll is no substitute for thought.”
“Never depend on single income. Make investment to create a second source.”
“It's never paid to bet against America. We come through things, but its not always a smooth ride.”
“We enjoy the process far more than the proceeds.”
“We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'”
“There are 309 million people out there that are trying to improve their lot in life. And we've got a system that allows them to do it.”
“Your premium brand had better be delivering something special, or it's not going to get the business.”
“Time is the friend of the wonderful company, the enemy of the mediocre.”
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.”
“We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II.”
“Why not invest your assets in the companies you really like? As Mae West said, 'Too much of a good thing can be wonderful'.”