“At age forty-seven, Warren had already accomplished everything he had ever imagined he could want. He was worth $72 million. He ran a company that was worth $135 million.41 His newspaper had won the two highest prizes in journalism. He… — Alice Schroeder Copy Share Image
“Lose money for the firm, and I will be understanding. Lose a shred of reputation for the firm, and I will be ruthless.” — Alice Schroeder Copy Share Image
“There are two ideas of government. There are those who believe that if you just legislate to make the well-to-do prosperous, that their prosperity… — Alice Schroeder Copy Share Image
“Be fearful when others are greedy, and greedy when others are fearful.” This was the time to be greedy.33” — Alice Schroeder Copy Share Image
“The big question about how people behave is whether they’ve got an Inner Scorecard or an Outer Scorecard. It helps if you can be… — Alice Schroeder Copy Share Image
“The ideal business is one that earns very high returns on capital and that keeps using lots of capital at those high returns. That… — Alice Schroeder Copy Share Image
“Basically, when you get to my age, you'll really measure your success in life by how many of the people you want to have… — Alice Schroeder Copy Share Image
“He has a really consistent routine. He comes in in the morning at around 8:30. He reads five newspapers. He reads The Financial Times,… — Alice Schroeder Copy Share Image
“The modern Berkshire Hathaway that he had created churned out new beads for the rosary almost like a clockwork. Buffett’s hunt for things to… — Alice Schroeder Copy Share Image
“Who’s my most valuable client?’ And he decided it was himself. So he decided to sell himself an hour each day. He did it… — Alice Schroeder Copy Share Image
“Remember one thing, Warren: Money isn’t making that much difference in how you and I live. We’re both going down to the cafeteria for… — Alice Schroeder Copy Share Image
“You should never, when facing some unbelievable tragedy, let one tragedy increase into two or three through your failure of will,” he would later… — Alice Schroeder Copy Share Image
“Time is the friend of the wonderful business, the enemy of the mediocre.” — Alice Schroeder Copy Share Image
