Approval Quote by Warren Buffett

“Lethargy bordering on sloth remains the cornerstone of our investment style. The exception was Wells Fargo, a superbly-managed, high-return banking operation in which we increased our ownership to just under 10%, the most we can own without the approval of the Federal Reserve Board.” quote by Warren Buffett — Download Open image

“Lethargy bordering on sloth remains the cornerstone of our investment style. The exception was Wells Fargo, a superbly-managed, high-return banking operation in which we increased our ownership to just under 10%, the most we can own without the approval of the Federal Reserve Board.”

Warren Buffett

★ ★ ★ ★ ★ 3.6 out of 5 (5 ratings)

Approval Banking Boards Cornerstones Exception Fargo Federal reserve Investing Investment Lethargy Operations Ownership Remains Reserves Return Sloth Style Wells Wells fargo

More by Warren Buffett

To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What's needed is a sound intellectual…

Warren Buffett

Image

“Be fearful when others are greedy, and be greedy when others are fearful.”

Warren Buffett

Image

Making money isn't the backbone of our guiding purpose; it is the by-product of our guiding purpose.

Warren Buffett

Image

We set no volume goals in our insurance business generally-and certainly not in reinsurance-as virtually any volume can be achieved if profitability standards are…

Warren Buffett

Image

Everybody's got a different circle of competence. The important thing is not how big the circle is. The important thing is staying inside the…

Warren Buffett

Image

It is better to point out your own mistakes than have somebody else do it.

Warren Buffett

Image

I've read about all the sales today. If you're an auto dealer, you're feeling it. If you're a furniture retailer like we are, you're feeling it. If you're a jewelry retailer, you're feeling it. I know some of these businesses because we're in them. Yeah, it's being felt, but it will be felt big time more if we don't do…

Warren Buffett

I was lucky enough to be born in a time and place where society values my talent, and gave me a good education to…

Warren Buffett

Image

The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to…

Warren Buffett

Image

The reaction of weak management to weak operations is often weak accounting.

Warren Buffett

Image

What you really want to do in investments is figure out what's important and knowable. If it's unimportant or unknowable you forget about it.

Warren Buffett

Image

I don't measure my life by the money I've made. Other people might, but certainly don't.

Warren Buffett

Image

Explore all 984 Warren Buffett quotes

More Approval quotes

Anyone who's read my 'Terror in the Skies' series knows that I have not been writing with an eye toward approval from any government…

Annie Jacobsen

Image

we need not avoid our active lives, but simply bring to them a new vision and shift of gravity. for in the center we…

Sue Monk Kidd

Image

Lean too much on the approval of people, and it becomes a bed of thorns

Tehyi Hsieh

Image

But I always reassure them that as far as my contractual rights can go, I will protect them and make sure that they have…

Jay Roach

Image

Growing up in that fashion is a breeding ground for insecurity and doubt; it also leaves you questioning motives. It took me a long…

Damon Runyon

Image

A year ago, my approval rating was in the 30s, my nominee for the supreme court had just withdrawn, and my vice president had…

George W. Bush

Image

Approval is a greater motivator than disapproval, but we have to disapprove on occasion when we correct. It’s necessary. I make corrections only after…

John Wooden