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Warren Buffett Quotes - Page 28

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You could take all the gold that's ever been mined, and it would fill a cube 67 feet in each direction. For what that's worth at current gold prices, you could buy all -- not some -- all of the farmland in the United

You could take all the gold that's ever been mined, and it would fill a cube 67 feet in each direction. For what that's worth at current gold prices, you could buy all -- not some -- all of the farmland in the United States. Plus, you could buy 10 Exxon Mobils, plus have $1 trillion of walking-around money. Or you could have a big cube of metal. Which would you take? Which is going to produce more value?

Feet, Gold, Cubes

In the long run managements stressing accounting appearance over economic substance usually achieve little of either.

Running, Business, Stress

Lawrence A. Cunningham, Warren E. Buffett (2013). “The Essays of Warren Buffett: Lessons for Corporate America (Third Edition)”, p.125, Carolina Academic Press

I understand Goldman Sachs businesses. We do lot of business with him, and GE has been - I think it's the longest running stock in the Dow Jones industrial average. It will be 100 years now it will be around. I hope I'm around then, too. And it was an attractive investment. And we have had a lot of money around, over the last two years, and we're seeing things that are attractive now.

Running, Thinking, Average

In the great majority of cases we simply do not know enough about the industry or company to come to sensible judgments-in that situation we pass.

Majority, Judgment, Enough

[Economy] is flat on the floor, and the paramedics have arrived. And they shouldn't argue about whether they put the resuscitation equipment a quarter of an inch this way or a quarter of an inch this way, or they shouldn't start criticizing the patient, because he didn't have a blood pressure test or something like that. They should do what's needed right now.

Blood, Tests, Way

I think I could make you fifty percent a year on one million dollars. No, I know I could. I guarantee that.

Thinking, Years, Guarantees That

Confidence is key. You're not going to put your money - you're not going to leave your money with me unless you're confident I'm going to give it back to you.

Keys, Giving, Confidence Is Key

Let blockheads read what blockheads wrote.

Investing, Blockheads

The stockmarket is a semi-psychotic creature given to extremes of elation and despair.

Despair, Elation, Psychotic

My job is essentially just corralling more and more and more facts and information, and occasionally seeing whether that leads to some action.

Jobs, Information, Facts

"21 Surprising Facts You Never Knew About Warren Buffett", www.huffingtonpost.com. November 13, 2014.

The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves - and the better the teacher, the better the student body.

Teacher, People, Degrees

You've got the right - you've got a wonderful person with Sheila Bair, most of the viewers have never heard of Sheila Bair. [She] has taken eight percent of the deposits in the United States and seamlessly moved those over to sound institutions which in turn have gotten more capital, ended up, it's been a magnificent job.She'll never get a golden parachute or any severance pay or anything. She's done a great job. We've got some great public servants. We have I think the right people in there to get the job done, and then they need more tools.

Jobs, Taken, Thinking

"Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". Interview With Charlie Rose, www.cnbc.com. October 1, 2008.

We've had public companies in the past in that business and they bleed. We've got a lot more blood than they do.

Past, Blood, Company

Does the business have favourable long term prospects?

Long, Doe, Investing

You can't stand to see your neighbor getting rich. You know you're smarter than he is and he's doing these things and he's getting rich.

Rich, Neighbor, Knows

"Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". Interview with Charlie Rose, www.cnbc.com. October 1, 2008.

We still find very few [stocks] that even mildly interest us. That dismal fact is testimony to the insanity of valuations reached during The Great Bubble. Unfortunately, the hangover may prove to be proportional to the binge.

Hangover, May, Prove

"Warren Buffett And Postcards From The Bubble". www.forbes.com. March 10, 2003.

AIG would be doing fine today. It was one of the ten largest companies in the United States in terms of market value, over 200 billion, the most respected insurer and everything in the world.

World, Today, United States

"Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". Interview With Charlie Rose, www.cnbc.com. October 1, 2008.

When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.

Business, Investing, Market Risk

Warren Buffett (2009). “Warren Buffett on Business: Principles from the Sage of Omaha”, p.151, John Wiley & Sons

I am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board.

Country, Boards, Double Standard

Generally speaking, investing in yourself is the best thing you can do. Anything that improves your own talents; nobody can tax it or take it away from you. They can run up huge deficits and the dollar can become worth far less. You can have all kinds of things happen. But if you’ve got talent yourself, and you’ve maximized your talent, you’ve got a tremendous asset that can return ten-fold.

Running, Dollars, Investing

If at first you do succeed, quit trying on investing.

Trying, Investing, Firsts

In economics, you always want to ask 'And then what?'

Insightful, Investing, Want

I've argued with the senators and congressmen I've talked to. You don't want to be too little too late. If you buy them at the right price, you may be buying two trillion of face value.

Two, Too Late, May

"Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". "Charlie Rose", www.cnbc.com. October 1, 2008.

We've used derivatives for many, many years. I don't think derivatives are evil, per se, I think they are dangerous.

Thinking, Years, Evil

"Oracle Of Omaha Says President Obama Must Step Up". Interview with Paul Tharp, www.nypost.com. March 10, 2009.

After 25 years of buying and supervising a great variety of businesses, Charlie [Munger] and I have not learned how to solve difficult business problems. What we have learned is to avoid them. To the extent we have been successful, it is because we have concentrated on identifying one-foot hurdles that we could step over rather than because we acquired any ability to clear seven-footers.

Successful, Feet, Years

Chairman's Letter to the Shareholders of Berkshire Hathaway Inc., www.berkshirehathaway.com. 1989.

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