Warren Buffett
Warren Buffett
Warren Edward Buffett is an American business magnate, investor and philanthropist. He is considered by some to be one of the most successful investors in the world. Buffett is the chairman, CEO and largest shareholder of Berkshire Hathaway, and is consistently ranked among the world's wealthiest people. He was ranked as the world's wealthiest person in 2008 and as the third wealthiest in 2015. In 2012 Time named Buffett one of the world's most influential people...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth30 August 1930
CityOmaha, NE
CountryUnited States of America
I've never seen a system as good as Coke has now.
An educational approach to money and investing struck me as a very good idea. People do form behavior habits very young on matters of money. I get calls every day from people who are in a financial hole.
Banking is very good business if you don't do anything dumb.
The market system rewards me outlandishly for what I do, but that doesn't mean I'm any more deserving of a good life than a teacher or a doctor or someone who fights in Afghanistan.
If the reason for doing something is that everyone else is doing it, it's not a good enough reason.
Bad terminology is the enemy of good thinking.
All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.
The financial calculus that Charlie and I employ would never permit our trading a good night's sleep for a shot at a few extra percentage points of return. I've never believed in risking what my friends and family have and need in order to pursue what they don't have and don't need.
The good thing is, we have household formation in this country. We have a country where I don't know whether it's a million households a year or more, but good form.
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.
Right now, the rest of the world owns $3 trillion US more of us than we own of them.
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.
Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
Warren, isn't it fair to say that if we did have an opinion, we wouldn't tell him?