Quotes about Warren Buffett

Our partnership with the American Warren Buffett, from my perspective, is aimed at creating more jobs.

Warren Buffett is famous for talking about the ‘intrinsic value’ of stocks. But while many people parrot this phrase, few know what it really means.

I’m going to reveal the grand secret to getting rich by investing. It’s a simple formula that has worked for Warren Buffett, Carl Icahn and all the greatest investment gurus over the years. Ready? Buy low, sell high.

Like my friend Warren Buffett, I feel particularly lucky to do something every day that I love to do. He calls it ‘tap-dancing to work.’

The bottom line is this: Cash, in modest increments, has a role in any portfolio. But unless you are Warren Buffett, you should limit it to 2 or 3 percent.

Nobody has a bigger cult than Warren Buffett.

If Warren Buffett made his money from ordinary income rather than capital gains, his tax rate would be a lot higher than his secretary’s. In fact a very small percentage of people in this country pay a big chunk of the taxes.

If Warren Buffett could change his mind about investing in airlines, Mohnish Pabrai could change his mind about investing in autos. Pabrai, who has modeled his investment career and fee structure after Buffett’s original partnership, counts General Motors, Fiat Chrysler, and Ferrari in his highly concentrated portfolio.

Price is what you pay, but value, as Warren Buffett has observed, is what you get.

Bill Gates recently picked up the ukulele. And Warren Buffett is a huge ukulele fan. I even got to strum a few chords with Francis Ford Coppola. It blows my mind that these people, who have everything in the world they could want, have picked up the ukulele and found a little bit of joy.

There are many people who think we should have zero tax on capital gains, interest and dividends for everybody, as – the very, very wealthy. But recognize that means that Bill Gates and Warren Buffett would pay no income tax at all. And some people say, ‘Well, that’s a good thing for growth of the economy.’

Over the time that I followed Warren Buffett, one CFO told me, it’s very important to pay attention not only to what Warren Buffett says and what he actually does – often there are subtle differences between the two.

Warren Buffett pays taxes on a smaller percentage of his billions in income than his cleaning lady.

Trying to pick individual stocks is a trap. I can’t do it. Warren Buffett can, but hardly anyone else can beat the indexes over a long period of time.

As a parent and a citizen, I’ll take a Bill Gates (or Warren Buffett) over Steve Jobs every time. If we must have billionaires, better they should ignore Jobs’s example and instead embrace the morality and wisdom of the great industrialist-philanthropist Andrew Carnegie.

CEOs are also chief capital allocators. This is a point Warren Buffett has repeatedly made: that the role management plays in allocating capital across businesses and boosting returns on that capital is a critical yet poorly recognized one.

I think any statement about stock prices is always suspect unless it’s made by Warren Buffett.