Warren Buffett
Warren Buffett
Warren Edward Buffett is an American business magnate, investor and philanthropist. He is considered by some to be one of the most successful investors in the world. Buffett is the chairman, CEO and largest shareholder of Berkshire Hathaway, and is consistently ranked among the world's wealthiest people. He was ranked as the world's wealthiest person in 2008 and as the third wealthiest in 2015. In 2012 Time named Buffett one of the world's most influential people...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth30 August 1930
CityOmaha, NE
CountryUnited States of America
Warren Buffett quotes about
Focus on return on equity, not earnings per share.
Focus alone is not enough; putting in the time to commit is also crucial to achieve success.
Charlie [Munger] and I are not big fans of resumes. Instead, we focus on brains, passion and integrity.
Focus on your customers and lead your people as though their lives depend on your success.
With a wonderful business, you can figure out what will happen; you can't figure out when it will happen. You don't want to focus on when, you want to focus on what. If you're right about what, you don't have to worry about when
Do not take yearly results too seriously. Instead, focus on four or five-year averages.
Knowing what to leave out is just as important as knowing what to focus on.
The best thing I did was to choose the right heroes.
You have to learn to understand your partner, to be tolerant, sympathetic, encouraging. Those are skills that are not bad to have in life.
Berkshire's board has fully discussed each of the three CEO candidates and has unanimously agreed on the person who should succeed me if a replacement were needed today. The directors know now - and will always know in the future - exactly what they will do when the need arises.
Two rules:1. Preserve the principal2. When in doubt see Rule #1
When a management team with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
Warren, isn't it fair to say that if we did have an opinion, we wouldn't tell him?
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.