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Some great quotes from Warren Buffet September 28, 2006

Posted by sdpurtill in Quotes.
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Price is what you pay. Value is what you get.

On public opinion

You’re neither right nor wrong because other people agree with you. You’re right because your facts are right and your reasoning is right – that’s the only thing that makes you right. And if your facts and reasoning are right, you don’t have to worry about anybody else.

On airlines

As of 1992, in fact – though the picture would have improved since then – the money that had been made since the dawn of aviation by all of this country’s airline companies was zero. Absolutely zero.

On gold

It gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.

Um… could this guy be any more of a genius ???

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Comments»

1. billyjoebob - September 29, 2006

They call WB the sage for a reason.. these are right on


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