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
The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.
My wealth has come from a combination of living in America, some lucky genes, and compound interest.
Take the job you would take if you were independently wealthy. You're going to do well at it.
Diversification may preserve wealth, but concentration builds wealth.
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.
The rich invest in time, the poor invest in money.
Energy deregulation will be the largest transfer of wealth in history.
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.