A Quote by Warren Buffett

My net worth is the market value of holdings less the tax payable upon sale. The liability is just as real as the asset unless the value of the asset declines (ouch), the asset is given away (no comment), or I die with it. The latter course of action would appear to at least border on a Pyrrhic victory.

Warren Buffett

Quote Topics

Action Appear Asset Away Border Comment Course Die Given Just Latter Least Less Liability Market Net Net Worth Ouch Real Sale Tax Unless Value Victory Worth Would

Quote Author

Warren Buffett
American - Businessman
Born: August 30, 1930

If the asset solves a real problem for a real customer, then there'll be value in the asset.

Brad Garlinghouse

In the 40 years I've been working as an economist and investor, I have never seen such a disconnect between the asset market and the economic reality... Asset markets are in the sky, and the economy of the ordinary people is in the dumps, where their real incomes adjusted for inflation are going down and asset markets are going up.

Marc Faber

The problem is that you're creating a system of bubble finance where interest rates are so low that people can speculate. An asset value goes up. You put it up as collateral. You borrow against it. You buy more of the asset. You then take the rising asset. You borrow against it again. This is the nature of what's going on in the world. This isn't an excess of real savings. This is an excess of artificial credit that's being fueled by all the central banks.

David Stockman

I don't value authority. I don't value the systems. I don't value patriarchal religion. I don't value the things that diminish you when you do tell the truth. So I'm not scared of the end result, and that is the biggest asset I have.

Susan Powter

Rule One. You must know the difference between an asset and a liability, and buy assets. An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket.

Robert Kiyosaki

If the cryptocurrency market overall or a digital asset is solving a problem, it's going to drive some value.

Brad Garlinghouse

We didn't create an institution to increase land value or asset value.

Shiv Nadar

We already have an annual wealth tax on homes, the major asset of the middle class. It's called the property tax. Why not a small annual tax on the value of stocks and bonds, the major assets of the wealthy?

Robert Reich

What we define as a bubble is any kind of debt-fueled asset inflation where the cash flow generated by the asset itself - a rental property, office building, condo - does not cover the debt incurred to buy the asset. So you depend on a greater fool, if you will, to come in and buy at a higher price.

James Chanos

Rule One. You must know the difference between an asset and a liability, and buy assets. If you want to be rich, this is all you need to know. It is Rule No. 1. It is the only rule. This may sound absurdly simple, but most people have no idea how profound this rule is. Most people struggle financially because they do not know the difference between an asset and a liability.

Robert Kiyosaki

In the long-term, security comes from an asset you create or acquire, not a position in someone else's asset.

Chris Guillebeau

This is probably an asset that my wife hates, where you compartmentalize. Most times, I think it's an asset, where you can just sort of feel like you chop off one part of your brain to do the next thing that you've got to do.