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Warren Buffett Quotes

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. I always knew I was going to be rich. I don't think I ever doubted it for a minute. I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here. 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. If a business does well, the stock eventually follows. If past history was all there was to the game, the richest people would be librarians. In the business world, the rearview mirror is always clearer than the windshield. It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently. 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. It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price. Let blockheads read what blockheads wrote. Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it. Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.