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Wednesday, April 13, 2011

Warren Buffet- Man of No Mystery

Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We'll break out of it. It takes time.

I always knew I was going to be rich. I don't think I ever doubted it for a minute.

am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here.

think the most important factor in getting out of the recession actually is just the regenerative capacity of - of American capitalism.

In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.

It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction.

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