A Quote by Warren Buffett
I believe the chance of any event causing Berkshire to experience financial problems is essentially zero. We will always be prepared for the thousand-year flood; in fact, if it occurswe will be selling life jackets to the unprepared.
Quote Topics
Quote Author
Related Quotes
Climate has always changed year on year and is unstoppable as a phenomenon. I am sceptical of the 'evidence' being presented as fact and do NOT believe that the interference by Government will have much affect on changing temperatures or rainfall. Indeed as a gardener in the West of Scotland I look forward to warmer temperatures and more rain so will be doing nothing as an individual that can in any event be seen as tokenism to a perceived problem.
Of all persons the Christian should be best prepared for whatever the New Year brings. He has dealt with life at its source. In Christ he has disposed of a thousand enemies that other men must face alone and unprepared. He can face his tomorrow cheerful and unafraid because yesterday he turned his feet into the ways of peace and today he lives in God. The man who has made God his dwelling place will always have a safe habitation.
...2009 saw the eighth 'ten-year flood' of Fargo, North Dakota, since 1989. In Iowa, Cedar Rapids was hit last year by a flood that exceeded the 500-year flood plain. All-time flood records are being broken in areas throughout the world.
I've had nonstop financial problems my whole adult life. It's always been a constant balance, year to year: 'Where's the time? Where's the money?'
I'll always understand the Schadenfreude aspect to short-selling. I get that no one will always like it. I'm also convinced to the deepest part of my bones that short-selling plays the role of real-time financial watchdog. It's one of the few checks and balances in the market.
As long as the problems of the poor are not radically resolved by rejecting the absolute autonomy of markets and financial speculation and by attacking the structural causes of inequality, no solution will be found for the world’s problems or, for that matter, to any problems.
When our financial system - essentially our money managers, marketers of investment products and stockbrokers - put up zero percent of the capital and assume zero percent of the risk yet receive fully 80% of the return, something has gone terribly wrong in our financial system.
At Berkshire, I both initiate and monitor every derivatives contract on our books ... If Berkshire ever gets in trouble, it will be my fault. It will not be because of the misjudgments made by a risk committee or chief risk officer.
And oft I thought (my fancy was-so strong) That I, at last, a resting-place had found: 'Here: will I dwell,' said I,' my whole life long, Roaming the illimitable waters round; Here will I live, of all but heaven disowned. And end my days upon the peaceful flood - To break my dream the vessel reached its bound; And homeless near a thousand homes I stood, And near a thousand tables pined and wanted food.
Men tend to leave their financial adviser at a single-digit-percent rate in any given year. And women leave their husband and their joint financial adviser in the year after their spouse's death at a rate of greater than 70 percent - seven-zero.
Keep in mind that no matter how perfectly you get your life in order, you will never be rid of all your problems. Problems are a way of life, always have been, always will be. But how you elect to view those problems is all up to you.
He will win who, prepared himself, waits to take the enemy unprepared.
I am concerned that too many people are focused too much on money and not on their greatest wealth, which is their education. If people are prepared to be flexible, keep an open mind and learn, they will grow richer and richer through the changes. If they think money will solve the problems, I am afraid those people will have a rough ride. Intelligence solves problems and produces money. Money without financial intelligence is money soon gone.
I think we will have continuing danger from these markets and that we will have repeats of the financial crisis - [they] may differ in details but there will be significant financial downturns and disasters attributed to this regulatory gap, over and over, until we learn from experience
With this ego arises all the problems, the thousand and one problems. This ego will not allow you to fall in love and millions of problems will arise in your life. This ego would like everybody to surrender to you; this ego will not allow you to surrender to anybody - and love happens only when you surrender. When you force somebody to surrender, it is hate, destruction, it is not love.
Thus we may know that there are five essentials for victory: He will win who knows when to fight and when not to fight. He will win who knows how to handle both superior and inferior forces. He will win whose army is animated by the same spirit throughout all its ranks. He will win who, prepared himself, waits to take the enemy unprepared. He will win who has military capacity and is not interfered with by the sovereign.
Related Authors
Bill Gates Quotes
American
Businessman
Charlie Munger Quotes
American
Businessman
Dieter F. Uchtdorf Quotes
German
Businessman
Elon Musk Quotes
South African
Businessman
Henry Ford Quotes
American
Businessman
Jim Rohn Quotes
American
Businessman
Joseph B. Wirthlin Quotes
American
Businessman
Mark Cuban Quotes
American
Businessman
Mark Zuckerberg Quotes
American
Businessman
Peter Drucker Quotes
American
Businessman
Richard Branson Quotes
British
Businessman
Russell Simmons Quotes
American
Businessman
Sam Altman Quotes
American
Businessman
Steve Jobs Quotes
American
Businessman
Tom Peters Quotes
American
Businessman
Walt Disney Quotes
American
Businessman