Warren Buffett Quotes About Wealth

Quotes about: Wealth

• If you don't find a way to make money while you sleep, you will work until you die.

  Warren Buffett

  Money, Business, Work

• The Stock Market is designed to transfer money from the Active to the Patient.

  Warren Buffett

  Money, Investing, Patient

• The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.

  Warren Buffett

  Patient, Wealth, Efficient

• My friends and I have been coddled long enough by a billionaire-friendly Congress.

  Warren Buffett

  Long, Important, Friendly

  "Networks Embrace Buffett's Call for Higher Taxes on 'Mega-Rich,' ABC Salivates Over Spending It". Article by Brent Baker, www.mrc.org. August 16, 2011.

• Energy deregulation will be the largest transfer of wealth in history.

  Warren Buffett

  Energy, Deregulation, Wealth

• The rich invest in time, the poor invest in money.

  Warren Buffett

  Business, Words Of Wisdom, Investing

• Diversification may preserve wealth, but concentration builds wealth.

  Warren Buffett

  Concentration Of Wealth, Investing, May

• That would be nice if [people] stuck [treasury bills] all under a mattress, but they got to buy something with them. Sometimes they buy a treasury note, sometimes they set up sovereign wealth funds. They can do all kinds of things. They can buy our companies here. As long as we consume more than we produce, and we trade away little pieces of the country daily, they're going to own something. Now, they can't run from American assets. I mean every day the rest of the world is going to have about two billion more of American assets than we have, as long as they sell us these goods.

  Warren Buffett

  Running, Country, Nice

• The much-maligned idle rich have received a bad rap: They have maintained their wealth while many There is scarcely an instance of a man who has made a fortune by speculation and kept it. Andrew Carnegie of the energetic rich, aggressive real estate operators, corporate acquirers, oil drillers, etc. have their fortunes disappear.

  Warren Buffett

  Real, Rap, Men

• In the end, alchemy, whether it is metallurgical or financial, fails. A base business can not be transformed into a golden business by tricks of accounting or capital structure. The man claiming to be a financial alchemist may become rich. But gullible investors rather than business achievements will usually be the source of his wealth.

  Warren Buffett

  Men, Alchemist, Investing

• I don't really think that, as a society, we [americans] want to confer blessings on generation after generation who contribute nothing to society, simply because somebody in the far distant past happened to amass a great sum of wealth.

  Warren Buffett

  Blessing, Past, Thinking

  Source: www.cbsnews.com

• Stocks of companies selling commodity-like products should come with a warning label: "Competition may prove hazardous to human wealth".

  Warren Buffett

  Competition, May, Labels

• Just look at that Forbes 400. Takes a billion three to get on the Forbes 400 this year. And the aggregate wealth is just staggering. And those people are paying less percentage of their total income to the federal government than their receptionists are. [...] I'll bet a million dollars against any member of the Forbes 400 who challenges - me that the average for the Forbes 400 will be less than the average of their receptionists.

  Warren Buffett

  Government, Average, Years

  Interview with Tom Brokaw, www.cnbc.com. October 31, 2007.

• America should stand for more than just wealth.

  Warren Buffett

  Wealth

  Source: www.pbs.org

• My wealth has come from a combination of living in America, some lucky genes, and compound interest.

  Warren Buffett

  America, Lucky, Wealth

  "The Giving Pledge". "This Week" with Christiane Amanpour, abcnews.go.com. November 28, 2010.

• On his Giving Pledge philanthropy: The way I got the message out was to get a copy of FORBES, look down that 400 list and start making phone calls! Bill and Melinda [Gates] did the same thing. So keep publishing
  the list so I can milk it.

  Warren Buffett

  Phones, Giving, Way

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