I have worked with investors for 60 years and I have yet to see anyone – not even when capital gains rates were 39.9 percent in 1976-77 – shy away from a sensible investment because of the tax rate on the potential gain.
Well, I think the biggest mistake is not learning the habits of saving properly early. Because saving is a habit. And then, trying to get rich quick. It’s pretty easy to get well-to-do slowly. But it’s not easy to get rich quick.
We’ve used up a lot of bullets. And we talk about stimulus. But the truth is, we’re running a federal deficit that’s 9 percent of GDP. That is stimulative as all get out. It’s more stimulative than any policy we’ve followed since World War II.
Your money can be inflated away but your knowledge and talent cannot.
Don’t settle for anything other than your passion – if you’re lucky enough to find it.
If you can’t read the scoreboard, you don’t know the score. If you don’t know the score, you can’t tell the winners from the losers.
Do what you love and work for whom you admire the most, and you’ve given yourself the best chance in life you can.
The Noah rule: Predicting rain doesn’t count; building arks does.
Trust is like the air we breathe – when it’s present, nobody really notices; when it’s absent, everybody notices.
There are 309 million people out there that are trying to improve their lot in life. And we’ve got a system that allows them to do it.
The typical large company has a compensation committee, They don’t look for Dobermans on that committee, they look for chihuahuas.
My father was the best person i’ve ever known.
Never lie under any circumstances.
We intend to continue our practice of working only with people whom we like and admire. This policy not only maximizes our chances for good results, it also ensures us an extraordinarily good time.
I view derivatives as time bombs, both for the parties that deal in them and the economic system.
You are neither right nor wrong because the crowd disagrees with you.
Don’t risk what is important to you, to get what is not important to you.
If principles can become dated, they’re not principles.
The trick is, when there is nothing to do, do nothing.
If you knew what was going to happen in the economy, you still wouldn’t necessarily know what was going to happen in the stock market.