Warren Buffett Quotes


I'll tell you why I like the cigarette business. It cost a penny to make. Sell it for a dollar. It's addictive. And there's a fantastic brand loyalty.


Citations

Burrough, Bryan, and John Helyar. Barbarians at the Gate: The Fall of RJR Nabisco. Harper & Row, 1990, p. 71.

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Warren Buffett
Warren Buffett
  • Born: August 30, 1930
  • Nationality: American
  • Profession: Businessman, Investor, Philanthropist

Warren Edward Buffett is an American investor, business tycoon, philanthropist, and the chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of over US$100.6 billion as of April 2021, making him the world's seventh-wealthiest person.