Warren Buffett Quotes


Managers thinking about accounting issues should never forget one of Abraham Lincoln's favorite riddles: How many legs does a dog have, if you call a tail a leg? The answer: Four, because calling a tail a leg doesn't make it a leg.


Citations

Buffett, Warren. Letter to Shareholders, 1992. Berkshire Hathaway Inc., 1 Mar. 1993, p. 12.

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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.