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 BuffettIf you can tell me who your heroes are, I can tell you how you're going to turn out in life.
Warren BuffettThe latter qualification brings to mind a fellow who applied for a job and stated he had twenty years of experience-which was corrected by a former employer to read "one year's experience-twenty times.
Warren BuffettIntrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining life.
Warren BuffettThe critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price.
Warren Buffett