You could take all the gold that's ever been mined, and it would fill a cube 67 feet in each direction. For what that's worth at current gold prices, you could buy all -- not some -- all of the farmland in the United States. Plus, you could buy 10 Exxon Mobils, plus have $1 trillion of walking-around money. Or you could have a big cube of metal. Which would you take? Which is going to produce more value?
Warren BuffettThe .350 hitter expects, and also deserves, a big payoff for his performance - even if he plays for a cellar-dwelling team. And a .150 hitter should get no reward - even if he plays for a pennant winner.
Warren BuffettWhen you get to my age, youโll measure your success in life by how many of the people you want to have love you actually do love you. Thatโs the ultimate test of how youโve lived your life.
Warren BuffettThe fundamental basis of above-average performance in the long run is sustainable competitive advantage.
Warren BuffettYou have no ability, if you're a financial institution and you're threatened with criminal prosecution, you have no ability to negotiate.
Warren Buffett