Latest Warren Buffett Quotes from Interviews

Quotes about:

• I don't try and guess when to get in and out of the market. I have owned stocks consistently since 1942. I owned the - I was buying stocks the day before the election. I was buying the same stocks the day after election. And if Hillary had been elected, it would have been the same thing.

  Warren Buffett

  Trying, Election, Consistently

  Source: www.pbs.org

• Generally, we have translated greater output in the few hours of work per week over the last century. And that's a good trend of the future. But we do have to have a system that, as output of goods and services keeps increasing per capita, that it takes care of the people who are willing to work and really are not getting by very well with a family on a 40-hour week.

  Warren Buffett

  People, Care, Week

  Source: www.pbs.org

• I wouldn't want to manufacture cigarettes. But if I owned - we do own Costco. Do they sell them? Yes. So I don't have a problem owning stock in that. But I just wouldn't want to - I wouldn't want to do it myself. I basically think, if anything is sufficiently antisocial, society should do something about it. But that's a separate question. But - and I don't think there's any company that I have seen that's 100 percent pure.

  Warren Buffett

  Thinking, Problem, Antisocial

  Source: www.pbs.org

• I bought my first stock in 1942, in the summer of '42. I was 11 years old. And so 75 years have gone by. And I have never known what the market's going to do the next day. And that's not my game. My game is to decide whether I'm in the right economy, which America's definitely been ever since that time. The Dow has gone from 100 to 21,000 during that time. And no matter what the headlines say, or terrible things are happening - we were losing the war in the Pacific when I first bought stocks.

  Warren Buffett

  Summer, War, Losing

  Source: www.pbs.org

• We have to live with the rest of the world. And it's a mistake, in my view. Trade has generally developed in this country. We actually export 12 or 13 percent of our GDP. It was only 5 percent in 1970. But it benefits us. It benefits the rest of the world. It doesn't benefit the steelworker maybe in Ohio. And that's the problem that has to be addressed, because when you have something that's good for society, but terribly harmful for given individuals, we have got to make sure those individuals are taken care of.

  Warren Buffett

  Country, Mistake, Taken

  Source: www.pbs.org

• We always see shifts in employment. If you think about it, if you go back to 1800, it took 80 percent of the labor force to produce enough food for the country. Now it takes less than 3 percent. Well, the truth is that market systems move people around.

  Warren Buffett

  Country, Moving, Thinking

  Source: www.pbs.org

• There's always a mismatch. I mean, you know, as the economy evolves, it reallocates resources. Now, the real problem, in my view, is - this has been - the prosperity has been unbelievable for the extremely rich people. If you go to 1982, when Forbes put on their first 400 list, those people had $93 billion. They now they have $2.4 trillion, 25 for one. That is - this has been a prosperity that's been disproportionately rewarding to the people on top.

  Warren Buffett

  Real, Mean, People

  Source: www.pbs.org

• America should stand for more than just wealth.

  Warren Buffett

  Wealth

  Source: www.pbs.org

• The secret is to find what you love to do.I mean, I tell the students look for the job that you would take if you didn't need a job. I mean, it's that simple. And I was lucky enough to find it very early in life. And then the second thing is to have people around you that make feel good every day, and make you a better person than you otherwise would be.

  Warren Buffett

  Mean, Simple, People

  Source: www.pbs.org

• If you're extremely rich, and you have got children, my theory was, you give them enough so they can do anything, but not enough so they can do nothing.

  Warren Buffett

  Children, Giving, Rich

  Source: www.pbs.org

• I can do anything I want, basically, as long as it doesn't involve athletic ability, or something like that.

  Warren Buffett

  Long, Athletic, Ability

  Source: www.pbs.org

• There is seldom just one cockroach in the kitchen. You know, you turn on the light and, all of sudden, they all start scurrying around.

  Warren Buffett

  Light, Kitchen, Cockroaches

  Source: hurricanecapital.wordpress.com

• It isn't given to man to be able to run a financial institution where different interest-rate scenarios will prevail on all of that so as to produce kind of smooth, regular earnings from a very large base to start with.

  Warren Buffett

  Running, Men, Able

  Source: hurricanecapital.wordpress.com

• There's not many businesses where someone can come in and offer to cut the price in half and somebody doesn't think about shifting. But that's the nature of the ratings business.

  Warren Buffett

  Cutting, Thinking, Half

  Source: hurricanecapital.wordpress.com

• The extraordinary business does not require good management.

  Warren Buffett

  Good Man, Doe, Management

  Source: hurricanecapital.wordpress.com

• If you own the only newspaper in town, up until the last five years or so, you have pricing power and you didn't have to go to the office.

  Warren Buffett

  Years, Office, Lasts

  Source: hurricanecapital.wordpress.com

• If you've got a good enough business, if you have a monopoly newspaper, if you have a network television station - I'm talking of the past - you know, your idiot nephew could run it. And if you've got a really good business, it doesn't make any difference.

  Warren Buffett

  Running, Past, Talking

  Source: hurricanecapital.wordpress.com

• When a management with reputation for brilliance gets hooked up with a business with a reputation for bad economics, it's the reputation of the business that remains intact.

  Warren Buffett

  Reputation, Management, Economics

  Source: hurricanecapital.wordpress.com

• If you've got the power to raise prices without losing business to a competitor, you've got a very good business. And if you have to have a prayer session before raising the price by a tenth of a cent, then you've got a terrible business. I've been in both, and I know the difference.

  Warren Buffett

  Prayer, Differences, Losing

  Source: hurricanecapital.wordpress.com

• Basically, the single-most important decision in evaluating a business is pricing power.

  Warren Buffett

  Decision, Important, Important Decisions

  Source: hurricanecapital.wordpress.com

• There is no staff. I make all the investment decisions and I do all my own analysis.

  Warren Buffett

  Decision, Analysis, Investment

  Source: hurricanecapital.wordpress.com

• They [Goverment] take from the woman who comes in and takes the wastebaskets out.

  Warren Buffett

• What's going to happen - things we're doing are going to have some inflationary consequences.

  Warren Buffett

  Happens, Consequence

  "Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". Interview With Charlie Rose, www.cnbc.com. October 1, 2008.

• We're paying maybe 25 percent of the income tax, but the payroll tax is over a third of the receipts of the federal government. And they don't take that from me on capital gains. They don't take that from me on dividends.

  Warren Buffett

  Government, Payroll Tax, Income

  "Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". Interview With Charlie Rose, www.cnbc.com. October 1, 2008.

• I mean, we'll be pounding on the guy's chest, you know, on the floor, and you know, he's not going to just jump up all of a sudden. So it makes it tough. I mean, it's tough to be in the legislature, you know, and vote for something and then people say, well, you voted all this money and you know, it's all getting spent. It isn't getting spent. It's getting invested. But it's all getting spent. Nothing's happening.

  Warren Buffett

  Mean, People, Guy

  "Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". "Charlie Rose", www.cnbc.com. October 1, 2008.