Buffett Quotes - Page 3

• If Warren Buffett made his money from ordinary income rather than capital gains, his tax rate would be a lot higher than his secretary's. In fact a very small percentage of people in this country pay a big chunk of the taxes.

  Michael Bloomberg

  Country, People, Ordinary

  "Obama Adviser: Shutdown Looms as GOP Bends to Will of Tea Party". NBC "Meet the Press", www.foxnews.com. September 25, 2011.

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• I'm so tired of talking about Warren Buffett.

  Chris Christie

  Tired, Talking

  "Christie on Buffett: 'Shut up'" by Tim Mak, www.politico.com. February 22, 2012.

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• At least once a year, I meet with a group called the Giving Pledge. It's a group of billionaires - including me, Warren Buffett, Bill Gates, and Ted Turner - who have pledged to give away most of their money to charity. We meet for three days to talk about what we're doing to help make the planet a better place to live.

  John Paul DeJoria

  Years, Giving, Groups

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• In the philanthropy game, you're going for different outcomes: saving childhood lives, having kids grow up - because they don't have malnutrition or disease - that they achieve their full potential. We take for Warren [Buffett] things that, because he's very intelligent about the world but doesn't get to go out in Africa and see what we see, we've taken and say to him where we stand and it's basically a very positive report that his gift has made a phenomenal difference.

  Bill Gates

  Growing Up, Taken, Kids

  Source: www.geekwire.com

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• [Warren Buffett ] met with all sorts of different groups about a lot of different things, but yes, he took the time, he listened and he wanted to understand about some of the different diseases and the strength of the American role in doing all these things.

  Bill Gates

  Groups, Different, Roles

  Source: www.geekwire.com

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• I believe that the mutual fund industry's biggest shortcoming is too much focus on the momentary price of a stock - an illusion - and too little focus on the intrinsic value of the corporation - the ultimate reality. I'm comforted by the fact that Warren Buffett feels the same way.

  John C. Bogle

  Believe, Reality, Focus

  Source: www.washingtonpost.com

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• Vladimir Putin is the wealthiest man on the planet, for sure. But this is different to the wealth of a Bill Gates or a Warren Buffett, a Carlos Slim or a Sergey Brin. They stay wealthy whether it is Barack Obama or Donald Trump in power. Putin's wealth depends on him staying in power. It is all about controlling the budget, the hard currency reserves and keeping under his thumb the oligarchs who cannot move their money without his permission. It is something close to a trillion dollars that he can control and move.

  Garry Kasparov

  Moving, Men, Different

  Source: www.gq-magazine.co.uk

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• Investing in innovation, which was my broad theme talking to [Warren Buffett ], that included health vaccines, it included energy and education.

  Bill Gates

  Talking, Vaccines, Innovation

  Source: www.geekwire.com

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• I admire leaders in science, people who really figure things out like Richard Fineman or people who work on vaccines, tons of people working on [the] HIV vaccine. There's leaders in business, people like Warren Buffett, who've got a certain approach they take that are pretty amazing. There [are] product innovators like Steve Jobs was, where he gets behind a concept and does a fantastic job.

  Bill Gates

  Jobs, Vaccines, People

  Source: www.politico.com

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• All capitalists should be like Warren Buffett, and he says he should be taxed more.

  Ed Asner

  Warren Buffet, Should, Capitalist

  Source: www.foxnews.com

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• Arnold Schwarzenegger has hired billionaire Warren Buffett as his senior economic advisor. And not to be outdone Gary Coleman announced his senior economic adviser will be Thurston Howell the Third.

  Conan O'Brien

  Senior, Warren Buffet, Schwarzenegger

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• As Graham, Dodd and Buffett have all said, you should always remember that you don't have to swing at every pitch. You can wait for opportunities that fit your criteria and if you don't find them, patiently wait. Deciding not to panic is still a decision.

  Seth Klarman

  Opportunity, Swings, Decision

  "Channeling Graham and Dodd: A Conversation with Seth Klarman". Value Investor Insight Interview, seekingalpha.com. October 29, 2008.

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• Humanity is filled with beautiful and positive and powerful people who care. I'm so glad we have people like Bill Gates and Warren Buffett in the world.

  Judy Collins

  Beautiful, Powerful, People

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• I've said repeatedly publicly, and other members have, that until you adjust the eligibility for entitlements, do things like raising the age for Medicare for future beneficiaries. Not for those currently receiving or those about to receive. Have serious means testing for high income people. You know Warren Buffett's always complaining about not paying enough taxes. And what I'm complaining about is we're paying for his Medicare. We ought not to be providing these kinds of benefits for millionaires and billionaires.

  Mitch McConnell

  Mean, People, Age

  Source: www.nbcnews.com

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• As Buffett has often observed, value investing is not a concept that can be learned and gradually applied over time. It is either absorbed and adopted at once, or it is never truly learned.

  Seth Klarman

  Investing, Adopted, Concepts

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• I think Buffett is a better investor than me because he has a better eye toward what makes a great business. And when I find a great business I'm happy to buy it and hold it. Most businesses don't look so great to me.

  Seth Klarman

  Eye, Thinking, Looks

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• Warren Buffett has said many times that people either get value investing in five minutes or they won't get it in five years. So, there is something in the human brain, that for some of us, makes all the difference in the world right away and the patience it requires is part of the wiring process.

  Mohnish Pabrai

  Differences, Years, People

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• The pure administration of Graham-and-Doddery really needs a long-term lock-up like Warren Buffett has, or it will have occasional quite dreadful client problems.

  Jeremy Grantham

  Long, Needs, Locks

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• Right at the core, the mainstream has it backwards. Warren Buffett often quips that the first rule of investing is to not lose money, and the second rule is to not forget the first rule. Yet few investors approach the world with such a strict standard of risk avoidance.

  Seth Klarman

  Risk, Investing, World

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• To value investors the concept of indexing is at best silly and at worst quite hazardous. Warren Buffett has observed that "in any sort of a contest - financial, mental or physical - it's an enormous advantage to have opponents who have been taught that it's useless to even try." I believe that over time value investors will outperform the market and that choosing to match it is both lazy and shortsighted.

  Seth Klarman

  Believe, Silly, Lazy

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• Warren Buffett likes to say that the first rule of investing is "Don't lose money," and the second rule is, "Never forget the first rule." I too believe that avoiding loss should be the primary goal of every investor. This does not mean that investors should never incur the risk of any loss at all. Rather "don't lose money" means that over several years an investment portfolio should not be exposed to appreciable loss of principal.

  Seth Klarman

  Believe, Mean, Loss

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• There's a clarity that comes with great ideas: You can [easily and simply] explain why something's a great business, how and why it's cheap, why it's cheap for temporary reasons and how, on a normal basis, it should be trading at a much higher level. You're never sitting there on the 40th page of your spreadsheet, as Buffett would say, agonizing over whether you should buy or not.

  Joel Greenblatt

  Ideas, Sitting, Levels

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• Berkshire has the lowest turnover of any major company in the U.S.The Walton family owns more of Wal-Mart than Buffett owns of Berkshire, so it isn't because of large holdings. It's because we have a really unusual shareholder body that thinks of itself as owners and not holders of little pieces of paper.

  Charlie Munger

  Thinking, Pieces, Paper

  "Berkshire Behind the Scenes: Part 3". Interview with Rick Casterline, www.fool.com. May 30, 2006.

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• Wal-Mart, with its legendary focus on customer value in terms of price, is innovating in sustainability. Now, we're beginning to see the mirror image, a convergence, as the not-for-profit sector is beginning to serve more effectively by applying private sector accountability and efficiencies to social needs. This reflects a rising recognition that to serve others best requires more than good intentions; it mandates a focus on real-world results. Bill Gates and Warren Buffett are among the most conspicuous advocates and representatives of this transformation.

  James M Strock

  Focus, Accountability, Recognition

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