Feb 9, 2011

Price-less Quotes by Warren Buffett

Please note that many quotes are contextually. Many of them are meant for and to America and Americans. Many are said in various interviews at different times. Warren Buffett has never written any books.
  • “When a manager with a reputation for excellence tackles a business with their reputation for poor economics, it is the reputation of business that remains intact.”
  • A public-opinion poll is no substitute for thought. 
  • Beware of geeks bearing formulas. 
  • Chains of habit are too light to be felt until they are too heavy to be broken. 
  • Derivatives are financial weapons of mass destruction. 
  • Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation. 
  • I always knew I was going to be rich. I don't think I ever doubted it for a minute. 
    I buy expensive suits. They just look cheap on me. 
    I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over. 
  • I just think that - when a country needs more income and we do, we're only taking in 15 percent of GDP, I mean, that - that - when a country needs more income, they should get it from the people that have it. 
  • 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. 
  • I think the most important factor in getting out of the recession actually is just the regenerative capacity of - of American capitalism.