Warren Edward Buffett (born August 30, 1930) is an American business magnate, investor, and philanthropist. He is considered by some to be one of the most successful investors in the world, and as of March 2017 is the second wealthiest person in the United States, and the fourth wealthiest in the world, with a total net worth of $73.3 billion.
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It's a dream deal
The most common cause of low prices is pessimism-some times pervasive some times specific to a company or industry. We want to do business in such an environment not because we like pessimism but because we like the prices it produces. It's optimism that is the enemy of the rational buyer.
I'll tell you why I like the cigarette business. It costs a penny to make. Sell it for a dollar. It's addictive. And there's fantastic brand loyalty.
Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
Someone is sitting in the shade today because someone planted a tree a long time ago.
We'd go down and play the best team. It would be fun for me and Bill to play the champions. And it might spur them on some.
questions about our silver position that we had received from regulatory authorities led us to believe that they wished us to publicly acknowledge this investment.
Getting fired can produce a particularly bountiful payday for a CEO. Indeed he can 'earn' more in that single day while cleaning out his desk than an American worker earns in a lifetime of cleaning toilets. Forget the old maxim about nothing succeeding like success: Today in the executive suite the all-too-prevalent rule is that nothing succeeds like failure.