I tell college students, when you get to be my age you will be successful if the people who you hope to have love you, do love you.
Warren BuffettPeople always should know better. People don't get - they don't get smarter about things that get as basic as greed.
Warren BuffettWe've had public companies in the past in that business and they bleed. We've got a lot more blood than they do.
Warren BuffettWe'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 BuffettIt makes no difference to a widow with her savings in a 5 percent passbook account whether she pays 100 percent income tax on her interest income during a period of zero inflation or pays no income tax during years of 5 percent inflation. Either way, she is 'taxed' in a manner that leaves her no real income whatsoever. Any money she spends comes right out of capital. She would find outrageous a 100 percent income tax but doesn't seem to notice that 5 percent inflation is the economic equivalent.
Warren Buffett