Warren Buffett Quotes

Champagne Socialist

The best way to make money on Wall Street is to sell the most sophisticated [and complex] products to the most unsophisticated clients.

I think very few people still understand the distinction between CEOs on Wall Street and the hedge-fund billionaires operating separately.

Millionaires don't have astrologers, billionaires do.

When I meet people on airplanes and they find out I'm an economist, they usually ask about stock tips.

Let's be honest: the trappings of investment banking are quite tempting. I do miss it sometimes. And to be honest, there was a time I'd read the 'WSJ' in the morning, and for years I have done that.

You can't manage Wall Street. Wall Street has its own viewpoints on everything. I have always believed, if you manage your business correctly, Wall Street will take care of itself.

I was not a student of Wall Street, but I was a quick study.

When you have a lot of money, there's so many places you can go to manage your money. But when you don't have money, mathematically you actually need a financial plan more. You can't really afford to make mistakes. So why is this such a luxury product?

You have a class of investors and you have a class of speculators. The speculators historically haven't been big enough to cause the investors to doubt the long-term vision of stock.

When I come to work each day, whether as a commentator for TheStreet.com or a host of Mad Money With Jim Cramer, I have only one thought in mind: helping people with their money.

I'm not wedded to covering the markets. I'm intrigued by the markets. If I can connect Main Street with Wall Street, then I've succeeded.

A stock certificate is not a tool, like a shovel, or a commodity, like a pound of cheese. What we sell a customer is not a share in a business, but a view of the Elysian Fields. A financier is a creative artist. Our function is to stimulate the imagination. We are poets!

Truth be told, most financial television bores me. Two or more people discussing the latest economic trends or hot stocks is not especially entertaining.

During my 30 years on Wall Street, taxes on 'unearned income' have bounced up and down with regularity, and I've never detected any change in the appetite for hard work and accumulating wealth on the part of myself or any of my fellow capitalists.

Merrill Lynch is this hugely prestigious brand.

I've always wanted to invest. That's why I started working on Wall Street in the first place, back in 1986 when I went through the Salomon Brothers training program.

There is one thing Anthony Weiner and I agree on: there are a lot of smart, hard-working people in the financial industry.

Your levellers wish to level down as far as themselves; but they cannot bear levelling up to themselves.

I don’t know why the Stock Market does what it does.

The elite denizens of Washington and Wall Street scorn and mock the good and decent people of this country for wanting their laws enforced and their communities protected.

I didn't know what a stockbroker was when I was eight, but I would just tell everybody that's what I was going to be.

I have very good friends on Wall Street.

I feel like I grew up in the investment business. My dad was at T. Rowe Price his whole career. We lived in Baltimore and had a small social circle, so most of my dad's friends also worked for T. Rowe.

Anyone can be a millionaire, but to become a billionaire you need an astrologer.