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Date of Birth
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30-August-1930
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Place of Birth
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Omaha
(Douglas County, Nebraska, United States of America, Area codes 402 and 531, Area code 402, Area code 531)
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Nationality
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United States of America
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Also know as
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Warren Edward Buffett, Warren E Buffett, The Oracle of Omaha, Warren Buffet, Warren Edward Buffett, è¯å€«Â·æ„›å¾·è¯Â·å·´è²ç‰¹, 股神, 奧馬哈的è–人, 奧馬哈的先知, Warren Buffett
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Profession
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Investor, Entrepreneur, Businessperson, Financier
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Quotes
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- I want to give my kids enough so that they could feel that they could do anything, but not so much that they could do nothing
- I personally think that society is responsible for a very significant percentage of what I've earned. If you stick me down in the middle of Bangladesh or Peru or someplace, you find out how much this talent is going to produce in the wrong kind of soil... I work in a market system that happens to reward what I do very well - disproportionately well. Mike Tyson, too. If you can knock a guy out in 10 seconds and earn $10 million for it, this world will pay a lot for that. If you can bat .360, this world will pay a lot for that. If you're a marvelous teacher, this world won't pay a lot for it. If you are a terrific nurse, this world will not pay a lot for it. Now, am I going to try to come up with some comparable worth system that somehow (re)distributes that? No, I don't think you can do that. But I do think that when you're treated enormously well by this market system, where in effect the market system showers the ability to buy goods and services on you because of some peculiar talent - maybe your adenoids are a certain way, so you can sing and everybody will pay you enormous sums to be on television or whatever -I think society has a big claim on that.
- I don't have a problem with guilt about money. The way I see it is that my money represents an enormous number of claim checks on society. It's like I have these little pieces of paper that I can turn into consumption. If I wanted to, I could hire 10,000 people to do nothing but paint my picture every day for the rest of my life. And the GNP would go up. But the utility of the product would be zilch, and I would be keeping those 10,000 people from doing AIDS research, or teaching, or nursing. I don't do that though. I don't use very many of those claim checks. There's nothing material I want very much. And I'm going to give virtually all of those claim checks to charity when my wife and I die.
- If a business does well, the stock eventually follows.
- 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.
- Our favorite holding period is forever.
- The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.
- Price is what you pay. Value is what you get.
- A public opinion poll is no substitute for thought.
- The investor of today does not profit from yesterday's growth.
- There seems to be some perverse human characteristic that likes to make easy things difficult.
- We enjoy the process far more than the proceeds.
- 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.
- If past history was all there was to the game, the richest people would be librarians.
- I always knew I was going to be rich. I don't think I ever doubted it for a minute.
- It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
- Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
- Someone's sitting in the shade today because someone planted a tree a long time ago.
- 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.
- It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
- I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
- Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.
- You only have to do a very few things right in your life so long as you don't do too many things wrong.
- Risk comes from not knowing what you're doing.
- I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.
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Warren Edward Buffett is an American business magnate, investor, and philanthropist. He is widely considered the most successful investor of the 20th century. Buffett is the chairman, CEO and largest shareholder of Berkshire Hathaway and consistently ranked among the world's wealthiest people. He was ranked as the world's wealthiest person in 2008 and as the third wealthiest person in 2011. In 2012, American magazine Time named Buffett one of the most influential people in the world.
Buffett is called the "Wizard of Omaha", "Oracle of Omaha", or the "Sage of Omaha" and is noted for his adherence to the value investing philosophy and for his personal frugality despite his immense wealth. Buffett is also a notable philanthropist, having pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Gates Foundation. On April 11, 2012, he was diagnosed with prostate cancer, for which he successfully completed treatment in September 2012.
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