“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.” IfsMadeRunningPastLife IsDoubtJudgmentFlowEntrepreneurSeriesDataInsufficient Book:The Spirit of Liberty: Papers and Addresses Source: The Spirit of Liberty: Papers and Addresses
“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.” PeopleMeanGuyEasy Author:Howard Warren Buffett
“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.” IfsWorldMindI CanNextInterestingGenerationsEffectsHugeCoupleTomorrowBoundsMonarchyMind Set Author:Hilary Mantel
“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.” ThinkingTodayValuesNumbersTroubleFiguresDollarsFinancialStatementsCashPhonyFinancial Statements Author:Howard Warren Buffett
“I want our pie to grow all the people, but if some other guy's pie is growing a little faster, that's terrific.” PeopleIfsWantLittlesGuyGrowsGrowingFasterPieTerrificOther Guys Author:Howard Warren Buffett
“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.” PeopleIfsThinkingWorldWantMeanLongRunningTurnsEnjoyTermHalfMillionsThis WorldCitizensSixPropertyBe GoodBillionsGoodsLong RunsTerrificCitizenryGoods And ServicesLearning More Author:Howard Warren Buffett
“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.” BookGenerationsFashionAdultsNovelistsReviewersUp To Date Author:Hilary Mantel
“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.” WorldMeanLittlesLongTwoCountryRunningPiecesProducePercentTradeBillsSellsBillionsBuyingGoodsAssetsConsumingTreasuryGoods And ServicesTreasury Bill Author:Howard Warren Buffett
“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.And it reflects American's consumption ideas rather than its savings ideas.” MeanIdeasPercentBillsBillionsSavingBuyingGoodsConsumptionSavingsConsumingTreasuryGoods And ServicesTreasury Bill Author:Howard Warren Buffett
“We are trading away a little bit of our country all the time for this access consumption that we have over what we've produced. That is not good. I think it's terrible over time. But our country's productive grows enough so we actually can do that, and we'll still be better off. We just don't be as well off as if we hadn't done it.” IfsThinkingWellsLittlesStillsCountryDoneEnoughGrowsBitsCan DoTerribleLittle BitAccessOur CountryProductiveConsumptionTradingBetter Off Author:Warren Buffett