Warren Buffett Quotes

I always like to refer managers in corporate America as the renters of the corporate assets, not the owners.

The banks don't have anything - no rights whatsoever. The banks are shareholders of SLEC, and SLEC has no rights. I am the CEO of Formula One Management and Formula One Administration, which runs the business in F1. From this point of view, I own F1.

The government in Russia does not tell me what to do with my assets.

Only 4 percent of all the companies owned in Scotland have their head offices in Scotland.

Buy a business, don't rent stocks.

A corporation is simply a form of organization used by human beings to achieve desired ends... Protecting the free-exercise rights of corporations like Hobby Lobby, Conestoga, and Mardel protects the religious liberty of the humans who own and control those companies.

I am a better investor because I am a businessman, and a better businessman because I am no investor.

Know what you own, and know why you own it.

A holding company is the people you give your money to while you're being searched.

An investor should ordinarily hold a small piece of an outstanding business with the same tenacity that an owner would exhibit if he owned all of that business.

Owning stocks is like having children - don't get involved with more than you can handle.

There is no need for the Russian state to hold such large stakes and we do intend to put our plans into practice. It is not about whether we want it or not, it is about this being practical or not and the best timing. In general, it is practical from at least one point of view - from the point of view of structural changes in the economy.

We like to buy businesses, but we don't like to sell them.

Hint: money flows into most funds after good performance, and goes out when bad performance follows.

Corporations are people, my friend... Of course they are. Everything corporations earn ultimately goes to people. Where do you think it goes? Whose pockets? Whose pockets? People's pockets. Human beings, my friend.

There are three important principles to Graham's approach. [The first is to look at stocks as fractional shares of a business, which] gives you an entirely different view than most people who are in the market. [The second principle is the margin-of-safety concept, which] gives you the competitive advantage. [The third is having a true investor's attitude toward the stock market, which] if you have that attitude, you start out ahead of 99 percent of all the people who are operating in the stock market - it's an enormous advantage.

The typical American corporation is a shareholders' republic the same way that China is a peoples' republic.

I've long believed one of the mainsprings of our own liberty has been the widespread ownership of property among our people and the expectation that anyone's child, even from the humblest of families, could grow up to own a business or corporation.

Strictly speaking, Rosneft is not a company. Let us not forget that BP has a stake in Rosneft and BP is a British company.

When you start to confuse Freddie Mac, Sallie Mae and Fannie Mae with members of your family, and you remember 2,000 stock symbols but forget the children's birthdays, there's a good chance you've become too wrapped up in your work.

Taking this view, it is possible to see financial markets as a laboratory for testing hypotheses, albeit not strictly scientific ones. The truth is, successful investing is a kind of alchemy.

The great power in America is the corporations - we're a corporate country. We're run by a CEO and the stockholders have very little to say on how the corporation is run. Fine, the board of directors run it and the stockholders can just be disgruntled, but who gives a damn?

You have to remember, eight out of 10 businesses in America, they file their business as individuals, as people.

I did not and do not think of the solidity-liquidity conundrum as a dichotomy; I view those two conditions as a couple locked, inseparably, in a dialectical bond.

Sorry, investing was pretty boring and I really missed being part of building something. I felt like I was always standing on the sidelines, so Zappos... really liked the people there and got involved full-time and I've been full-time ever since.