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
Whatever you like to do, make it a hobby and whatever the world likes to do, make it a business.
Would you rather be the world's greatest lover, but have everyone think you're the world's worst lover? Or would you rather be the world's worst lover but have everyone think you're the world's greatest lover? Now, that's an interesting question.
A lot of great fortunes in the world have been made by owning a single wonderful business. If you understand the business, you don't need to own very many of them.
If you gave me $100 billion and said take away the soft drink leadership of Coca-Cola in the world, I'd give it back to you and say it can't be done.
To be successful, you should concentrate on the world of companies, not arcane accounting mathematics.
The thing to do is to keep your mind when the world around you is losing theirs.
We always live in an uncertain world. What is certain is that the United States will go forward over time.
If the world couldn't see your results, would you rather be thought of as the world's greatest investor but in reality have the world's worst record? Or be thought of as the world's worst investor when you were actually the best?
Things you like to do should be a hobby of yours, but things the world does should be a business of yours.
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.