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Quote by Warren Buffett

“I mean, you know, you're not going to change the human animal. And the human animal really doesn't get a lot smarter.”

Quote by Warren Buffett

Author

Warren Buffett, born on August 30, 1930, is a renowned investor. Known as the 'Oracle of Omaha,' he is the chairman and CEO of Berkshire Hathaway, a diversified holding company involved in insurance, railroads, energy, finance, and more. Buffett's investment philosophy emphasizes value investing, and he is known for his long-term investment and stable investment strategies. more

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“Can you know you can have institutions that put curbs on that in various ways, and actually what the banks, you know, they have various capital ratios and that sort of thing, but the banks got around them, I mean, they set up sieves and that sort of thing just to get more leverage. 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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“A lot of people disagree with me on this, I believe in mark to market.”

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“That's the reality of what they're going to sell them to the Treasury for.”

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“You get in a lot of trouble when you start putting fictitious numbers.”

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“I mean, you can explain the fact that these are depressed prices, you know. We think these assets are going to be worth a lot more. And I think that case can be made in certain situations. But I think to just say, you know, 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.”

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“I think once you start putting phony figures into financial statements, you get in a lot of trouble. And we've seen so much of that in the last 20 years.”

Thinking Years Lasts Trouble Figures Financial Statements Phony Financial Statements

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“I think people - what people want to do is make [economy] get worse.”

People Thinking Want Economy

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“It's a nightmare to administer some of this sort of thing, but I want to tell the shareholders of Berkshire, to the percent we own marketable securities or things for which there are market, even if those markets - I want to tell them what it's all about.”

Ifs Want Security Percent Nightmare Shareholders

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“I've already written a section in the annual report for next year explaining why I think in one case that the figures on our balance sheet as calculated are wrong. But it's the standard way of doing it. It's holy writ. The SEC wants us to do it that way, and we'll do it that way, and I'll explain why I think it's wrong and shareholders can read it and see whether they agree with my logic or don't.”

Thinking Way Want Years Next Cases Written Figures Balance Holy Standards Logic Agree Reports Sheets Sections Want U Explaining Next Year Annuals Shareholders Balance Sheets Annual Reports

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“It will be good for us in the long run, and I mean there are, you know, 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, you know, the remainder do.”

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