I really like Warren Buffet, I’ve read about him and admire his charitable generosity. I don’t think he is a greedy person and I am confident that he has contributed in many ways to the success of many people. I became a fan of his on Facebook when I stumbled on to his page in 2009. These posts are in chronological order which in hindsight I probably should have done reverse chronological given the audience on Amplify being so used to reading blogs, etc. None-the-less here are some of my favorite posts from his Facebook page:
If you don’t trust where you have your money, the world stops…
It’s a great time to be in banking, but you do have to get past this past.
If you have a 150 IQ, sell 30 points to someone else. You need to be smart, but not a genius. What’s most important is inner peace; you have to be able to think for yourself. It’s not a complicated game.
It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
For most newspapers in the United States, we would not buy them at any price…They have the possibility of going to just unending losses
All banks aren’t alike by a long shot, and in our view Wells Fargo has some advantages the others do not…
The investment world has gone from underpricing risk to overpricing it…
Be fearful when others are greedy; be greedy when others are fearful…
They’re doing things, but they take a while to have an effect,…You can’t produce a baby in one month by getting nine women pregnant…
Our first stimulus bill… was sort of like taking half a tablet of Viagra and having also a bunch of candy mixed in as if everybody was putting in enough for their own constituents. A second one may well be called for…
What better time to help educate our kids about financial responsibility…
The people that behaved well are no doubt going to find themselves taking care of the people who didn’t behave well…
Enormous dosages of monetary medicine continue to be administered and, before long, we will need to deal with their side effects…
You only find out who is swimming naked when the tide goes out…
Our country’s future prosperity depends on its having an efficient and well-maintained rail system…Conversely, America must grow and prosper for railroads to do well.
It’s an all-in wager on the economic future of the United States…I love these bets
We didn’t do all the smartest things. We didn’t do anything really dumb… I made plenty of mistakes. I didn’t maximize the opportunities offered by the chaos. But in the end, it worked out OK.
bad news is an investor’s best friend. It lets you buy a slice of America’s future at a marked-down price…
We need to get money in people’s pockets. The first stimulus plan did not do that very well…
I think the West is going to do well. I’d rather be in the West than the East…
When it’s raining gold, reach for a bucket, not a thimble…
Health care cost, compared with the rest of the world, is like a tapeworm eating at our economic body…
Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down…
They’re going to rewrite Genesis and have Goldman Sachs offering Adam the apple…
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently…
When there’s a mass delusion, you can say
everyone is to blame…There’s no villain.
Predicting rain doesn’t count, building an ark does…
Wall Street is the only place that people ride to work in a Rolls-Royce to get advice from those who take the subway…
I don’t care where someone went to school, and that never caused me
to hire anyone or buy a business…
The first rule of Investing is don’t lose money; the second rule is don’t forget rule #1…
I am a huge bull on this country…We will not have a double-dip recession at all. I see our businesses coming back almost across the board…
[…] Want some tips from Warren Buffet? Joe Hackman pulls together a great list of quotes that make a lot of sense in our crazy economy. I personally like the selling your IQ points […]