Never do anything in life if you would be ashamed of seeing it printed on the front page of your hometown newspaper for your friends and family to see.
Warren BuffettFirst, many in Wall Street - a community in which quality control is not prized - will sell investors anything they will buy.
Warren BuffettBuy companies with strong histories of profitability and with a dominant business franchise.
Warren BuffettI could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.
Warren BuffettStocks of companies selling commodity-like products should come with a warning label: "Competition may prove hazardous to human wealth".
Warren BuffettWhen Berkshire Hathaway laid out three billion dollars for GE today, we didn't spend it, we invested it. When the Federal government buys the mortgages, they're not spending it, they're investing it. Now, they're investing it in distress type assets but they're buying them at distress prices if they buy them at market. It's the kind of stuff I love to do. I just don't have 700 million. Maybe we could go in it together.
Warren Buffett