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
You need an outstanding manager - you can define that in many ways... but you are looking for the best player out there. We are looking for the best player in this kind of business in the world.
If you hit a hole in one every hole, you wouldn’t play golf for very long.
Take the job you would take if you were independently wealthy. You're going to do well at it.
Investing is not as tough as being a top-notch bridge player. All it takes is the ability to see things as they really are.
The important thing is to keep playing, to play against weak opponents and to play for big stakes.
The .350 hitter expects, and also deserves, a big payoff for his performance - even if he plays for a cellar-dwelling team. And a .150 hitter should get no reward - even if he plays for a pennant winner.
Credit worthiness is like virginity, it can be preserved but not restored very easily, so it is crazy to play around with it.
How do you beat Bobby Fischer? You play him at any game but chess. I try to stay in games where I have an edge.
Other guys read Playboy. I read annual reports.
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.
I've never seen a system as good as Coke has now.
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.