If I were running (GM), would I be buying stock? I don't know whether I would or not, but it doesn't bother me at all that she's not doing it, the idea of trying to do something now that gets a little pop in the stock is just - should not be on her agenda or the shareholders' agenda.

Warren Buffett

Categorized in : Business

It's quite clear that stocks are cheaper than bonds. I can't imagine anybody having bonds in their portfolio when they can own equities, a diversified group of equities. But people do because they, the lack of confidence. But that's what makes for the attractive prices. If they had their confidence back, they wouldn't be selling at these prices. And believe me, it will come back over time.

Warren Buffett

portfolios believe people

SUPPOSE that an investor you admire and trust comes to you with an investment idea. This is a good one, he says enthusiastically. I'm in it, and I think you should be, too.

Warren Buffett

business ideas thinking

I view derivatives as time bombs, both for the parties that deal in them and the economic system.

Warren Buffett

bombs party views

In an inflationary world, a toll bridge (like company) would be a great thing to own because you've laid out the capital costs. You built it in old dollars and you don't have to keep replacing it.

Warren Buffett

dollars bridges would-be

I just think that - when a country needs more income and we do, we're only taking in 15 percent of GDP, I mean, that - that - when a country needs more income, they should get it from the people that have it.

Warren Buffett

mean country thinking

Government can't deliver a free lunch to the country as a whole. It can, however, determine who pays for lunch. And last week the Senate handed the bill to the wrong party... the poor and middle class.

Warren Buffett

party class country

The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money. Think airlines. Here a durable competitive advantage has proven elusive ever since the days of the Wright Brothers. Indeed, if a farsighted capitalist had been present at Kitty Hawk, he would have done his successors a huge favor by shooting Orville down.

Warren Buffett

growth brother thinking

You could be somewhere where the mail was delayed three weeks and do just fine investing.

Warren Buffett

investing mail three

What motivates most gold purchasers is their belief that the ranks of the fearful will grow ... As 'bandwagon' investors join any party, they create their own truth - for a while.

Warren Buffett

party belief gold

For some reason people take their cues from price action rather than from values. Price is what you pay. Value is what you get.

Warren Buffett

buffets pay people

Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation.

Warren Buffett

barrels economic medicine

I think I could make you fifty percent a year on one million dollars. No, I know I could. I guarantee that.

Warren Buffett

guarantees-that years thinking

I have a house that I bought 55 years ago. It's warm in the winter; it's cool in the summer. It has everything I wanted, plus it has all kinds of good memories. Like my kids, I have good thoughts about that. I can't imagine living any better.

Warren Buffett

summer memories kids

I make no effort to predict the course of general business or the stock market. Period. However, currently there are practices snowballing in the security markets and business world which, while devoid of short term predictive value, bother me as to possible long term consequences.

Warren Buffett

effort practice long

I have this complicated procedure I go through every morning, which is to look in the mirror and decide what I'm going to do. And I feel at that point, everybody's had their say.

Warren Buffett

mirrors morning looks

As one of my older friends says, "Nostalgia just isn't what it used to be." Let's take a stab at it, anyway.

Warren Buffett

older-friends used nostalgia

We will prosper or suffer in controlled investments in relation to the operating performances of our businesses - we will not attempt to profit by playing various games in the securities markets.

Warren Buffett

investment suffering games

We make investment decisions based on our evaluation of the most profitable combination of probabilities.

Warren Buffett

evaluation investment decision

Having first rate people on the team is more important than designing hierarchies and clarifying who reports to whom.

Warren Buffett

design team people

Mr. Market is your servant, not your guide.

Warren Buffett

servant guides