A Quote by Howard Warren Buffett

People love leverage when it's working. I mean, it's so easy to borrow money from a guy at X and put it out at X. — © Howard Warren Buffett
People love leverage when it's working. I mean, it's so easy to borrow money from a guy at X and put it out at X.
Can you know you can have institutions that put curbs on that in various ways, and actually what the banks, you know, they have various capital ratios and that sort of thing, but the banks got around them, I mean, they set up sieves and that sort of thing just to get more leverage. People love leverage when it's working. I mean, it's so easy to borrow money from a guy at X and put it out at X.
I've seen more people fail because of liquor and leverage -- leverage being borrowed money. You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing.
I don't save money. Save is a four letter word! I like to borrow money because I can get richer faster on borrowed money. I have what is called retained earnings, so I don't have to save money. If I need money, I will go out and borrow it.
I've never really viewed myself as particularly talented. I've viewed myself as slightly above average in talent. And where I excel is ridiculous, sickening, work ethic. You know, while the other guy's sleeping? I'm working. While the other guy's eatin'? I'm working. While the other guy's making love, I mean, I'm making love, too. But I'm working really hard at it.
I think people fancy me. They can't figure me out. I'm an attractive guy. I make good money and I score goals. I'm the kind of guy I believe people love. And, at the same time, they can't figure out why they love me so much, so they decide to hate me.
I think it's important that people know what raising the debt ceiling is. It's Congress giving permission to the federal government to borrow more money that we don't have, and we borrow it for the purpose of spending it.
I know all three facets of the business: the development side, the operations side, and I know how to borrow the money and how to put the deal together. If it was easy, everybody would do it.
My dad was known as a mean guy. He never smiled, and he had 'Mr. Mean' put on his license plate. But he was one of the neighborhood dads who looked out for everyone. He would take kids in and help them out.
You look at the savings health insurance, there's so many great ways you can do that. You'll get great plans at much less money, at much less money. I mean, these people are being just killed. And you know the 25% was put out by Washington 'cause the real number could be three times that amount. I mean, it's catastrophic what's going on.
What happens is the market really booms when people really leverage and they really leverage when they make a lot of money.
Social media is a great way to get customers. Time is money. If you do this right, it costs money. But social media is great because you put stuff out there and see if it works almost immediately. You can test to see if it will be effective for your company. It's easy if you hit a nerve and talk about something people are interested in. It's easy for them to share with their friends.
When I started Oracle, what I wanted to do was to create an environment where I would enjoy working. That was my primary goal. Sure, I wanted to make a living. I certainly never expected to become rich, certainly not this rich. I mean, rich does not even describe this. This is surreal. And it has nothing to do with money. I mean, you buy clothes with money, and cars. But I really wanted to work with people I enjoyed working with, who I admired and liked.
Just because someone will lend money to you doesn't mean you should borrow it.
I love working out. I mean, I've been doing it for about 20 years every day of my entire life. So I enjoy working out.
Everybody's out to get something from somebody. 'Gold diggers' doesn't just mean money, it can mean time, it can mean feelings. It can mean anything when you're taking and not giving. When people don't know how to reciprocate.
I like PBS. I love Big Bird ... But I'm not going to keep on spending money on things to borrow money from China to pay for it.
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