Warren Buffett Quotes

Control your expenses better than your competition. This is where you can always find the competitive advantage.

Watch the costs and the profits will take care of themselves.

I spend 90 percent of my time saying no, and my accountant yells at me for it, but when I started in this business, I wanted my career to have legs.

Profit or perish... There are only two ways to make money: increase sales and decrease costs.

Business people do two things with their time fundamentally. The first is that they try to create sales, right? Revenue, key to business. But the other thing they devote their time to equally is cost containment. That is to say, how to not create jobs. Because the fewer jobs you can create for the revenue you create, the more profit you make.

The one thing I don't do, that helps make me successful, is I don't rob Peter to pay Paul. All of my businesses have to stand on their own.

That's part of being an entrepreneur - you watch your pennies.

In general, we run the farm like a business instead of a welfare recipient, and we adhere to historically-validated patterns.

Our wage freeze was vital to keep wages competitive with rival companies. I always try to communicate to our people that we can never make enough money. We can never make enough profit.

Most people think of us as this flamboyant airline, but we're really very conservative from the fiscal standpoint.

I may believe in something, but if it is not working and is not giving returns, we have to close it down because that is the right thing to do for the shareholders.

Having my own label, I have to look at things in a realistic, bottom-line manner.

We'll continue to take the right actions to make sure we're a profitable business.

What makes small business develop into big business is not spending, but saving and capital accumulation.

As you start the company, you start spending spending spending ahead of revenue but then you come out of it and very quickly you should become a company that spends less than it makes. And what I mean by very quickly, is that window of time should be in that 6 to 8 year time frame. And the reason is because if you build your business model correctly it's almost unavoidable.

Control your cash. Stick to your core business. Know your numbers.

We were very focused on becoming profitable from a very early time, which was not true of most companies in the bubble

We will reject interesting opportunities rather than over-leverage our balance sheet.

Save for your goals. Take note of what's coming your way - vacations, the holidays, what ever is going to cost you money - and start saving ahead of time so that you have a stash when the time comes.

I was in the world of business for 25 years. If you didn't balance your budget, you went out of business.

Our goal is long-term growth in revenue and absolute profit - so we invest aggressively in future innovation while tightly managing our short-term costs.

My argument is: keep the bloody bottom line at the bottom. That's where it should be.

Most good founders that I know at any given time have a set of small overarching goals for the company that everybody in the company knows.

I grew up in a world before people had credit cards. There were no magic cards - it was all about budgeting.

Without industry and frugality, nothing will do; with them, everything.