Home / Quotes / Quote by Warren Buffett

Quote by Warren Buffett

“House prices just soared beyond - beyond reason in many places and they got financed in silly ways, and people lied about loans, all kinds of accesses entered into it. But that is what - that is the single biggest cause of why we're here.”

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

You May Also Like

“Perspective is worth 80 IQ points.”

Wisdom Perspective

Author:Alan Kay

“People should always know better.”

People Knows Should

Author:Warren Buffett

“You get what I call the natural progression, the three Is. The innovators, the imitators, and the idiots.”

Three Natural Idiot Progression Innovators Imitator

Author:Warren Buffett

“With housing it's something even more dramatic than that, because most people aspire to own their own home.If you really think that houses prices are going to go up next year and the year after, you feel if I don't buy it this year, I'm going to have to buy it next year.That's not true of an Internet stock. But it's true of a home.”

People Ifs Thinking Feels Years Home Next House Internet Dramatic Aspire Housing Next Year House Prices

Author:Warren Buffett

“When somebody makes it very easy for you to do it by saying you don't really have to put up my money, you can lie about your income a little, or we'll give you 100 percent mortgage, you're going to do it, because everybody that's done it has been proven right. You have social tools, and you're going to feel like an idiot if you didn't do it, because the house cost more.”

Ifs Giving Feels Littles Has Beens Done Lying House Social Easy Cost Percent Tools Income Idiot Proven Mortgage

Author:Warren Buffett

“You can lose leverage, and it's the only way a smart guy can go broke.”

Way Guy Loses Smart Broke Smart Guy

Author:Warren Buffett

“If you owe money, you can't pay them out. You just pay for everything, you do smart things, you eventually get very rich.”

Ifs Pay Rich Smart

Author:Warren Buffett

“If you do smart things and use leverage and do one wrong thing along the way, it could wipe you out, because anything times zero is zero. But it's reinforcing when the people around you are doing it successfully, you're doing it successfully, and it's a lot like Cinderella at the ball.”

People Ifs Way Use Smart Balls Zero Wipe Wrong Things

Author:Warren Buffett

“I mean you know at midnight everything is going to turn to pumpkins and mice; right? But if the evening goes along, I mean, you know, the guys look better all the time, the music sounds better, it's more and more fun, you think why the hell should I leave at quarter of 12. I'll leave at two minutes to 12. But the trouble is, there are no clocks on the wall. And everybody thinks they're going to leave at two minutes to 12.”

Ifs Thinking Knows Should Looks Mean Two Guy Turns Fun Sound Hell Trouble Minutes Wall Evening Clock Quarters Should I Mice Midnight Pumpkin

Author:Warren Buffett

“At this point, when treasury bills, seven day treasury bills at 1/20th of one percent, it's not because people want to earn 1/20th of one percent, it's because they trust the fact the treasury will give it back to them next week.”

People Want Giving Facts Next Week Percent Bills Seven Treasury Next Week Seven Days Treasury Bill

Author:Warren Buffett