Buffett Quotes - Page 2

• The great lesson in microeconomics is to discriminate between when technology is going to help you and when it's going to kill you. And most people do not get this straight in their heads. But a fellow like Buffett does. For example, when we were in the textile business, which is a terrible commodity business, we were making low-end textiles-which are a real commodity product. And one day, the people came to Warren and said, "They've invented a new loom that we think will do twice as much work as our old ones."

  Charlie Munger

  Real, Technology, Thinking

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• If the same family were always on the bottom, then you'd have big resentments. But if DuPonts go down and Pampered Chef up, [that's good]. That much churn makes people think the system is fairer. Buffett: We don't like churn now, but we liked it more 30-40 years ago.

  Charlie Munger

  Thinking, Years, People

  Charlie Munger's advice on life and other at the 2003 Berkshire Hathaway Annual Meeting, www.tilsonfunds.com. May 3, 2003.

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• Whatever happened to Warren Buffett, the world's their-richest man? Guilt, a feeling of being blessed by luck, forgotten lessons - who knows? In any case, Buffett now believe that government should redistribute the wealth earned by others to those who did not earn it.

  Larry Elder

  Believe, Blessed, Men

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• Take agriculture, where we haven't done much, or sanitation; saying, "okay, we will be able to make a really huge effort there." It really energized the foundation and half of what we've gotten done in this last decade is because Warren [Buffett] trusted us.

  Bill Gates

  Agriculture, Effort, Foundation

  Source: www.geekwire.com

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• I think you'll make more money in the end with good ethics than bad. Even though there are some people who do very well, like Marc Rich-who plainly has never had any decent ethics, or seldom anyway. But in the end, Warren Buffett has done better than Marc Rich-in money-not just in reputation.

  Charlie Munger

  Thinking, People, Done

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• I was announcing to the public, in 2006, that I'd be leaving Microsoft in a couple of years and focusing full-time on the foundation. That was the time at which we went back to New York and Warren [Buffett] announced these gifts to a number of foundations, with a very high percentage of it going to us and basically doubling our capacity.

  Bill Gates

  New York, Couple, Years

  Source: www.geekwire.com

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• It was really phenomenal [Warren Buffett donation]. It grew out of the friendship that we had and the fact that his plan to have his wife run the foundation and give things away changed when she tragically died.

  Bill Gates

  Running, Giving, Wife

  Source: www.geekwire.com

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• Behind every liberal philanthropist fortune is a huge capitalist score. Bill Gates and Warren Buffett can afford now to be liberal - an expensive indulgence - because in their early incarnations they were no-holds-barred capitalists who made lots of enemies conducting business without mercy and in search of pure profit.

  Victor Davis Hanson

  Enemy, Bills, Warren Buffet

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• Good for Warren Buffett that he can afford to do that! Some people, sometimes, need to finance a purchase or rent a car, and a credit card becomes a necessity.

  Elizabeth Warren

  People, Car, Needs

  Source: www.bethkobliner.com

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• I want to have a tax on people who are making a million dollars. It's called the Buffett rule. Yes, Warren Buffett is the one who's gone out and said somebody like him should not be paying a lower tax rate than his secretary. I want to have a surcharge on incomes above $5 million.

  Hillary Clinton

  People, Dollars, Income

  "Transcript of the Second Debate". www.nytimes.com. October 10, 2016.

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• I love whenever they downgrade a hurricane to a tropical depression, because I always think of a tropical depression as how I feel three songs into a Jimmy Buffett concert.

  Andy Kindler

  Song, Thinking, Three

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• I think any statement about stock prices is always suspect unless it's made by Warren Buffett.

  Bill Gates

  Thinking, Warren Buffet, Made

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• I think the foundation at Berkshire [Buffett's stake in Berkshirewill pass to the Buffett Foundation upon his death] will be a plus because there will be a continuation of the culture. We'd still take in fine businesses run by people who love them.

  Charlie Munger

  Running, Thinking, People

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• Bill Gates and Warren Buffett have their 'Giving Pledge,' where billionaires promise to give away the majority of their wealth when they die. My Social Security Pledge is better - to give money to good causes when you are alive. Besides, more Americans can participate.

  Mark Skousen

  Giving, Promise, Bills

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• I see friends who are in different genres of music, and they say they're so burnt playing the same stuff every night. That's why you see a country act wanting to go out and play an old classic rock song. But what cracks me up is that they all want to be Jimmy Buffett. I can't figure that out.

  Kid Rock

  Country, Song, Night

  “Kid Rock: What I've Learned” by Tom Junod, www.esquire.com. April 20, 2011.

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• From time to time, you have seminal personalities who really change the way the world sees itself - people like Gandhi, Martin Luther King, Nelson Mandela. Warren Buffett is that kind of person in the business world.

  Guy Spier

  Kings, People, Personality

  "Buffett lunch: $650,000 to eat with legendary investor" by Andrew Clark, www.theguardian.com. July 3, 2007.

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• It doesn't take Warren Buffett to realize that when companies don't know what new rules will look like, it affects their ability to commit capital and create new jobs.

  John Sununu

  Jobs, New Job, Looks

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• Buffett was a billionaire who drove his own car, did his own taxes, and still lived in a home he had bought in 1958 for $31,500. He seemed to answer to a deeply rooted, distinctly American mythology, in which decency and common sense triumphed over cosmopolitan guile, and in which an idealized past held firm against a rootless and too hurriedly changing present.

  Roger Lowenstein

  Home, Past, Common Sense

  Roger Lowenstein, (2010). “Buffett”, p.372, Gerald Duckworth & Co

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• If P=NP, then the world would be a profoundly different place than we usually assume it to be. There would be no special value in “creative leaps,” no fundamental gap between solving a problem and recognizing the solution once it's found. Everyone who could appreciate a symphony would be Mozart; everyone who could follow a step-by-step argument would be Gauss; everyone who could recognize a good investment strategy would be Warren Buffett.

  Scott Aaronson

  Symphony, Appreciate, Creative

  "Reasons to Believe". Personal blog post, www.scottaaronson.com. September 04, 2006.

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• Warren Buffett's company reportedly owes the IRS a billion dollars in back taxes. When he said he wasn't paying enough taxes, he wasn't kidding.

  Jay Leno

  Dollars, Irs, Warren Buffet

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• Buffett, when he gave away his money, referenced Carnegie. He quoted from Carnegie. When he said, "The man who dies rich dies disgraced," in the 1880s, his fellow millionaires looked on him like he was a lunatic, you know, an idiot, a mad man.

  David Nasaw

  Men, Mad, Idiot

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• Buffett found it 'extraordinary' that academics studied such things. They studied what was measurable, rather than what was meaningful. 'As a friend [Charlie Munger] said, to a man with a hammer, everything looks like a nail.

  Roger Lowenstein

  Meaningful, Men, Nails

  Roger Lowenstein (2013). “Buffett: The Making of an American Capitalist”, p.318, Random House

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• It's really a question of fairness and what kind of country we're going to live in. There are 22,000 people making over $1 million. They're paying an effective tax rate in the teens. As Warren Buffett said, he pays less in taxes effectively than his secretary does. That's not right.

  David Plouffe

  Country, People, Doe

  "This Week" with Christiane Amanpour, abcnews.go.com. September 25, 2011.

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• I admire people like Warren Buffett that are donating so much money to charity.

  Bethenny Frankel

  People, Charity, Admire

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• the lesson of Buffett was: To succeed in a spectacular fashion you had to be spectacularly unusual.

  Michael Lewis

  Fashion, Lessons, Succeed

  Michael Lewis (2015). “The Big Short: Inside the Doomsday Machine (movie tie-in)”, p.52, W. W. Norton & Company

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