Warren Buffett

United States
Born on 30 Aug 1930
Business Magnate / Investor / Philanthropist


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The best judgment we can make about managerial competence does not depend on what people say, but simply what the record says.
I've learned the perimeter of my circle of confidence.
Wall Street is the only place people ride to in a Rolls Royce to get advice from people who take the subway.

Newsday (1991)
The investor of today does not profit from yesterday's growth.
Lethargy bordering on sloth remains the cornerstone of our investment style.

Newsweek (May 1991)
Employing databases and statistical skills, academics compute with precision the 'beta' of a stock... then build arcane investment and capital-allocation theories around this calculation. In their hunger for a single statistic to measure risk they forget a fundamental principle: It is better to be approximately right than precisely wrong.

Chairman's Letter to Shareholders (1995)
Occasionally, a man must rise above principles.

Annual report (1991)
The fact that people will be full of greed, fear, or folly is predictable. The sequence is not predictable.

Channels (1986)
In recent years, probity has eroded. Many major corporations still play things straight, but a significant and growing number... have come to the view that it's okay to manipulate earnings to satisfy what they believe are Wall Street's desires... many CEOs think this kind of manipulation is not only okay, but actually their duty.

Chairman's Letter to Shareholders, Berkshire Hathaway 1998 Annual Report
You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing.
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On Anger: "For every minute you remain angry, you give up sixty seconds of peace of mind."
On Destiny: "Our destiny exercises its influence over us even when, as yet, we have not learned its nature: it is our future that lays down the law of our today."
Human, All Too Human
On Friendship: "A crowd is not company; and faces are but a gallery of pictures; and talk but a tinkling cymbal, where there is no love."