Warren sure has a way with words.
Though Warren Buffett joked that if he were to take the SAT now his scores could be “embarrassing,” one thing that certainly hasn’t diminished with age is his ability to nail a memorable quote. Whether distilling complicated topics or widely commenting on the future in his manner, he once again delighted attendees at Berkshire Hathaway’s famous meeting. Here were 9 of his quotes.
On capitalism’s future
“I’m a capitalist,” Buffett told the crowd. “You don’t have to worry about me changing in that matter. I think capitalism does involve law. It entails taking care of individuals who are left behind. ” “I don’t believe the nation will enter socialism in 2020 or 2040 or 2060,” he said.
“By any yardstick you use I’m going back,” said Buffett. He also joked that if he were to take the SAT now his scores could be “embarrassing. ”
On Elon Musk and Tesla entering the insurance business
“The success of the auto companies getting into the insurance business is probably as likely as the success of the insurance companies getting into the auto business,”
On Tim Sloan
Buffett defended Wells Fargo’s ex-chief, commenting that he had been treated as a “pi?ata. ”
“We just sat there sucking our thumbs,” he said of passing up the chance to buy Google earlier.
“Regulation can be a pain in the neck but we don’t need a lot of charlatans operating in insurance. ”
On being a financier for bargains
“If somebody wants a lot of certain money for a deal, they’ve seen that I can get a call on Friday afternoon, and they make a date with me on Saturday, and on Sunday it’s done,” said Buffett.
“My position at Berkshire is not to further my political beliefs.”
On Berkshire’s future after Buffett and Munger are around to run it
“There are no perpetuities.”
Spoken like a true Oracle indeed.
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