Posted in Politics

Buffettisms

   January 22, 2007

Jimmywarren

Warren, not Jimmy. Started reading The Tao of Warren Buffett this weekend. Here are some of my favorite Warren Buffet quotes:

  • You can’t make a good deal with a bad person.
  • It’s easier to stay out of trouble than it is to get out of trouble.
  • You have to think for yourself. It always amazes me how high-IQ people mindlessly imitate. I never get good ideas talking to other people.
  • In looking for someone to hire, you look for three qualities: integrity, intelligence, and energy. But the most important is integrity because if they don’t have that, the other two qualities, intelligence and energy, are going to kill you.
  • Never ask a barber if you need a haircut.
  • A public-opinion poll is no substitute for thought.
  • The fact that people are full of greed, fear, or folly is predictable. The sequence is not predictable.
  • We also believe candor benefits us as managers. The CEO who misleads others in public may eventually mislead himself in private.
  • What we learn from history is that people don’t learn from history
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