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
What an investor needs is the ability to correctly evaluate selected businesses. Note that word “selected”: You don't have to be an expert on every company, or even many. You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important; knowing its boundaries, however, is vital.
Knowing the edge of your competency is important. If you think you know more than you do, you will get in trouble.
If knowing history made you rich, librarians would be billionaires.
Risk comes from not knowing what you are doing so wide diversification is only required when investors are ignorant. You only have to do a very few things in your life so long as you don't do too many things wrong.
Knowing what to leave out is just as important as knowing what to focus on.
Eddie is a very smart guy, but putting Kmart and Sears together is a tough hand.
It's better to hang out with people better than you, ... Pick out associates whose behavior is better than yours and you'll drift in that direction.
Basically, when you get to my age, you'll really measure your success in life by how many of the people you want to have love you actually do love you.
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.
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.
You have to learn to understand your partner, to be tolerant, sympathetic, encouraging. Those are skills that are not bad to have in life.
Warren, isn't it fair to say that if we did have an opinion, we wouldn't tell him?
I've never seen a system as good as Coke has now.
The burden of paying Helpers may cause American equity investors, overall, to earn only 80 percent or so of what they would earn if they just sat still and listened to no one.