Howard Warren Buffett Quotes

There’s nothing like doing things with OPM—Other People’s Money. It takes the risk out of it.

I play with leverage.

Can you know you can have institutions that put curbs on that in various ways, and actually what the banks, you know, they have various capital ratios and that sort of thing, but the banks got around them, I mean, they set up sieves and that sort of thing just to get more leverage. People love leverage when it's working. I mean, it's so easy to borrow money from a guy at X and put it out at X.

People who want to make a million borrow a million first

It may be said, let him take Money at Interest, and not buy at Time. But then Men must be found, that will lend; the Legislative must provide a Fund to borrow upon.

I would borrow money all day long, if the cost of borrowing is less than the expected return.

Debt is part of the human condition. Civilization is based on exchanges - on gifts, trades, loans - and the revenges and insults that come when they are not paid back.

If you want to know the value of money, try and borrow some.

Capital is that part of wealth which is devoted to obtaining further wealth.

The thing about using other people's money is they're going to set the rules.

In precisely the same way money is often hired, and the hire paid for the use of it is called Interest.

If you would know the value of money, go and try to borrow some.

Financial service providers act as the lubricating oil in the economy. They link consumers who want to invest their savings for a good return with companies who want to borrow on best terms for expansion.

In any business opportunity, you'd be looking, probably, primarily at the risk and return. Some business can be very risky with a low return; what you want is the lowest risk with the biggest return.

Equity is the cushion that protects financial institutions from unexpected changes in the value of their assets. The greater the leverage, the smaller the losses required to wipe out a company's equity, leaving it without enough money to repay the people who hold its debt.

We've always been modestly leveraged, and we've never believed in a great deal of leverage on either our private equity business or on our investment banking business. And I think it really goes back to my uncle and dad growing up in the Depression and just seeing what happened to people who were overly levered.

I am not that good a manager for me to be comfortable borrowing someone else's money.

Treasury notes are a precarious substitute either for coin or for bank notes, charges as they are with a growing interest, productive of no countervailing profit or emolument, and exposed to every breadth of popular prejudice or alarm.

Credit is the lifeblood of business, the lifeblood of prices and jobs.

Moneys imployed at Interest in this Nation, are not near the Tenth part, disposed to Trading People, wherewith to manage their Trades; but are for the most part lent for the supplying of Luxury, and to support the Expence of Persons, who though great Owners of Lands, yet spend faster than their Lands bring in; and being loath to sell, choose rather to mortgage their Estates.

People paid their 3 percent a month interest without considering it excessive.

He that trades with Money he hath borrowed at 8 or 10 per Cent cannot hold Market with him that borrows his Money at 6 or 4.

If you only take money in the bank and never put money in the bank, you'll go broke.

I'm not looking to double my money with one golden opportunity.

Never lend people money you can't afford to give them as a gift.