Warren Buffett Famous Quotes

As billionaire investor Warren Buffett famously put it: “Actually, there’s been class warfare going on for the last 20 years, and my class has won.

In fact, many of the most famous anti-Christian polemicists of the last 200 years—who sought to use science to justify their unbelief—never themselves set foot in a laboratory or conducted a single field observation. That includes the Marquis de Sade (a writer), Percy Bysshe Shelley (a poet), Friedrich Nietzsche (a philologist by training), Algernon Swinburne (a poet), Bertrand Russell (a philosopher), Karl Marx (a philosopher), Robert Ingersoll (a lecturer), George Bernard Shaw (a playwright), Vladimir Lenin (a communist revolutionary), Joseph Stalin (a communist dictator), H. L. Mencken (a newspaper columnist), Jean-Paul Sartre (a philosopher), Benito Mussolini (a fascist dictator), Luis Buñuel (Spanish filmmaker), Clarence Darrow (a lawyer), Ayn Rand (a novelist), Christopher Hitchens (a journalist), Larry Flynt (a pornographer), George Soros and Warren Buffett (investors), and Penn and Teller (magicians).

DADDY I$$UES Famous investor Warren Buffett’s largest-ever purchase was a $26 billion acquisition of the Burlington Northern Santa Fe Railroad in 2010. Why’d he buy it? “Because my father didn’t buy me a train set as a kid,” said Buffett.

Tax delays are $62bn secret to Buffett’s success Berkshire Hathaway’s annual report highlights investor’s skill at deferring payments to put cash to work elsewhere STEPHEN FOLEY — NEW YORK | 935 words Warren Buffett is one of the most famous, and certainly the richest, proponents of raising taxes.

Part of the American dream, for example, is to deny that there are class lines drawn through the middle of American society. Each year, however, the widening gap between the 1 percent and the 99 percent turns that persistent American dream into more of a myth. Particularly instructive in this regard is the famous boast by Warren Buffett (quoted by the Marxist theorist Joerg Rieger) that “there is such a thing as class warfare and that his class is winning it.”1

As Warren Buffett, the voice of the un– 1 percent, famously observed, something’s wrong when billionaires pay taxes at a lower rate than their secretaries. However,

The financial crisis didn't happen because its techniques didn't work; it happened because they worked all too well. There is an element of truth to Warren Buffett's characterization of these techniques as 'financial weapons of mass destruction.' Securization, credit default swaps, and other derivative securities are the financial equivalent of Einstein's famous formula. Global financial markets contain enormous financial energy, and when detonated in an uncontrolled and irresponsible manner, you get bubbles, crashes, and years of nuclear fallout. But the analogy works both ways - it also implies that when we use these tools carefully and responsibly, we get virtually unlimited power for fueling innovation and economic growth.

Warren Buffett didn’t take his rejection by Harvard Business School to heart because, as he says, ‘I always knew I was going to be rich. I don’t think I ever doubted it for a minute.’ Don’t assume that other people are right about you and you are wrong; only you know what you’re truly capable of. Luckily Fred Astaire had already learned to think positively and ignore the negative when he received this famously unfavourable review of a screen test, ‘Can’t sing. Can’t act. Balding. Can dance a little.

Many years ago, the famous investors Benjamin Graham and Warren Buffett made a lot of money using a very simple version of this strategy. They would look for a company that had net cash of $20.00 per share, and then try to buy shares of its stock for 15. In other words, they were trying to buy a dollar for 75 cents, or even less. Or they would just buy stock in a company that had a P/E of just 5 or 6.

As time goes on, I get more and more convinced that the right method in investment is to put fairly large sums into enterprises which one thinks one knows something about and in the management of which one thoroughly believes.” Forget what the economy is doing; just find well-managed companies, buy some shares, and don’t try to be too clever. And if that approach sounds familiar, it’s most famously associated with Warren Buffett, the world’s richest investor—and a man who loves to quote John Maynard Keynes.

As the legendary Warren Buffett famously said: 'Lethargy bordering on sloth remains the cornerstone of our investment style.' Definitely an attitude to be encouraged.

The third principle is to resist the allure of middling priorities. There is a story attributed to Warren Buffett—although probably only in the apocryphal way in which wise insights get attributed to Albert Einstein or the Buddha, regardless of their real source—in which the famously shrewd investor is asked by his personal pilot about how to set priorities. I’d be tempted to respond, “Just focus on flying the plane!” But apparently this didn’t take place midflight, because Buffett’s advice is different: he tells the man to make a list of the top twenty-five things he wants out of life and then to arrange them in order, from the most important to the least. The top five, Buffett says, should be those around which he organizes his time. But contrary to what the pilot might have been expecting to hear, the remaining twenty, Buffett allegedly explains, aren’t the second-tier priorities to which he should turn when he gets the chance. Far from it. In fact, they’re the ones he should actively avoid at all costs—because they’re the ambitions insufficiently important to him to form the core of his life yet seductive enough to distract him from the ones that matter most. You needn’t embrace the specific practice of listing out your goals (I don’t, personally) to appreciate the underlying point, which is that in a world of too many big rocks, it’s the moderately appealing ones—the fairly interesting job opportunity, the semi-enjoyable friendship—on which a finite life can come to grief. It’s a self-help cliché that most of us need to get better at learning to say no. But as the writer Elizabeth Gilbert points out, it’s all too easy to assume that this merely entails finding the courage to decline various tedious things you never wanted to do in the first place. In fact, she explains, “it’s much harder than that. You need to learn how to start saying no to things you do want to do, with the recognition that you have only one life.

Warren Buffett has famously attributed much of his success to “winning the ovarian lottery”—that is, being born as a white male to middle-class parents in an America on the cusp of the postwar boom.