The important thing is to keep playing, to play against weak opponents and to play for big stakes.
Warren BuffettIn my view, [the trade deficit] will create political turmoil at some point...Pretty soon, I think there will be a big adjustment.
Warren BuffettI understand Goldman Sachs businesses. We do lot of business with him, and GE has been - I think it's the longest running stock in the Dow Jones industrial average. It will be 100 years now it will be around. I hope I'm around then, too. And it was an attractive investment. And we have had a lot of money around, over the last two years, and we're seeing things that are attractive now.
Warren BuffettYou have hedge funds and people like that buying these assets to yield 15 or 20 percent, I mean, that's the buyer for these people that are trying to unload them.
Warren BuffettIf you donโt feel comfortable making a rough estimate of the assetโs future earnings, just forget it and move on. No one has the ability to evaluate every investment possibility. But omniscience isnโt necessary; you only need to understand the actions you undertake.
Warren BuffettThe 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