Quotes By Warren Buffett

We're still in a recession. We're not gonna be out of it for a while, but we will get out.

If anything, taxes for the lower and middle class and maybe even the upper middle class should even probably be cut further. But I think that people at the high end - people like myself - should be paying a lot more in taxes. We have it better than we've ever had it.

Someone's sitting in the shade today because someone planted a tree a long time ago.

Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.

Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.

I just think that - when a country needs more income and we do, we're only taking in 15 percent of GDP, I mean, that - that - when a country needs more income, they should get it from the people that have it.

The first rule is not to lose. The second rule is not to forget the first rule.

Our favorite holding period is forever.

In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.

Why not invest your assets in the companies you really like? As Mae West said, "Too much of a good thing can be wonderful".

We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'

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.

We enjoy the process far more than the proceeds.

There are 309 million people out there that are trying to improve their lot in life. And we've got a system that allows them to do it.

It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.

Let blockheads read what blockheads wrote.

Beware of geeks bearing formulas.

The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.

Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.

Value is what you get.

We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II.

I always knew I was going to be rich. I don't think I ever doubted it for a minute.

The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

I buy expensive suits. They just look cheap on me.

Only when the tide goes out do you discover who's been swimming naked.

Time is the friend of the wonderful company, the enemy of the mediocre.

Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.

You know, people talk about this being an uncertain time. You know, all time is uncertain. I mean, it was uncertain back in - in 2007, we just didn't know it was uncertain. It was - uncertain on September 10th, 2001. It was uncertain on October 18th, 1987, you just didn't know it.

Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We'll break out of it. It takes time.