The rich are always going to say that, you know, just give us more money and we’ll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.
I think the most important factor in getting out of the recession actually is just the regenerative capacity of – of American capitalism.
We believe that according the name ‘investors’ to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a ‘romantic.’
I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here.
In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.
I am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board.
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.
The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves-and the better the teacher, the better the student body.
Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We’ll break out of it. It takes time.
It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone’s guess, though one likely consequence is an onslaught of inflation.
If anything, taxes for the lower and middle class and maybe even the upper middle class should even probably be cut further. But I think that people at the high end – people like myself – should be paying a lot more in taxes. We have it better than we’ve ever had it.
You know, people talk about this being an uncertain time. You know, all time is uncertain. I mean, it was uncertain back in – in 2007, we just didn’t know it was uncertain. It was – uncertain on September 10th, 2001. It was uncertain on October 18th, 1987, you just didn’t know it.
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
You do things when the opportunities come along. I’ve had periods in my life when I’ve had a bundle of ideas come along, and I’ve had long dry spells. If I get an idea next week, I’ll do something. If not, I won’t do a damn thing.
Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
There are 309 million people out there that are trying to improve their lot in life. And we’ve got a system that allows them to do it.
The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
Why not invest your assets in the companies you really like? As Mae West said, “Too much of a good thing can be wonderful”.
Your premium brand had better be delivering something special, or it’s not going to get the business.
I just think that – when a country needs more income and we do, we’re only taking in 15 percent of GDP, I mean, that – that – when a country needs more income, they should get it from the people that have it.
Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.
It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.
You only have to do a very few things right in your life so long as you don’t do too many things wrong.
We always live in an uncertain world. What is certain is that the United States will go forward over time.