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Quote by Howard Warren Buffett

“Capitalism is not a perfect system. It may be better than all the other systems, but it's not a perfect system.”

Quote by Howard Warren Buffett

Author

Howard Warren Buffett

Howard Warren Buffett, born October 14, 1983, is an American entrepreneur, investor, and philanthropist. Raised in a family of investors, he gained extensive experience in capital markets and has become a prominent advocate for sustainable and socially responsible investing. He has led several green finance initiatives and supported numerous charitable projects worldwide. more

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“As long as you have markets, you'll have excesses. People went crazy with tulip bulbs. They went crazy with the South Sea Bubble, they went crazy internet stocks, they went crazy with the uranium stocks back when I was first getting started. I mean, you know, you're not going to change the human animal. And the human animal really doesn't get a lot smarter.”

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“History is a set of skills rather than a narrative.”

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“Life is made up of a series of judgments on insufficient data, and if we waited to run down all our doubts, it would flow past us.”

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“People love leverage when it's working. I mean, it's so easy to borrow money from a guy at X and put it out at X.”

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“If the monarchy were removed tomorrow, it wouldn't have a huge effect on the national mind-set. The monarchy is mildly interesting and largely harmless. I can't find I can get very heated about it. In the next couple of generations, it is bound to go. There is so much else in the world that is more interesting.”

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“You get in a lot of trouble when you start putting fictitious numbers on value. I think to just say, we're going to say a dollar of cash is worth $2 all of a sudden, it isn't worth $2. It's worth a dollar today. And I think once you start putting phony figures into financial statements, you get in a lot of trouble.”

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“I want our pie to grow all the people, but if some other guy's pie is growing a little faster, that's terrific.”

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“It will be good for us in the long run, and I mean there are six and a half billion people in this world. And it's great for 300 million to keep enjoying more and more property, but I think it's terrific if the remainder do. And I think if they can learn something from us in terms of our system, and I think they have, they are learning more about how to unleash the potential of their citizenry to turn out more goods and services that their citizens want or that we want, I think that's terrific.”

“When I began to read as an adult, I read almost exclusively novelists of a generation back. I did the Russians, then I started getting more up to date. When you become published and become a reviewer, piles of books come along and you are pushed by fashion and what you are commissioned to do.”

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“Somebody's buying these treasury bills at 1/20th of one percent. I mean we consuming about $2 billion a day of goods and services beyond what we're producing.As long as we consume more than we produce, and we trade away little pieces of the country daily, they're going to own something. Now, they can't run from American assets. I mean every day the rest of the world is going to have about two billion more of American assets than we have, as long as they sell us these goods.”

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