Quotes About Risk

But we will never allow Berkshire to become some monolith that is overrun with committees, budget presentations and multiple layers of management. Instead, we plan to operate as a collection of separately-managed medium-sized and large businesses, most of whose decision-making occurs at the operating level. Charlie and I will limit ourselves to allocating capital, controlling enterprise risk, choosing managers and setting their compensation.

Some Thoughts About Investing

Investing is an activity in which consumption today is foregone in an attempt to allow greater consumption at a later date. "Risk" is the possibility that this objective won't be attained. By that standard, purportedly "risk-free" long-term bonds in 2012 were a far riskier investment than a long- term investment in common stocks. At that time, even a 1% annual rate of inflation between 2012 and 2017 would have decreased the purchasing-power of the government bond

Be greedy when others are fearful, and fearful when others are greedy

My partner, Charlie, says that there's only three ways that a smart person can go broke: liquor, ladies and leverage.

A cumulation of small managerial stupidities will produce a major stupidity—not a major triumph.

It's only when the tide goes out that you learn who's been swimming naked.

The two most dangerous things in the world are rich people and crazy people. The Roanokes are rich like pharoahs and crazier'n a snake-fucking baby.

Why do I even have to say this? Why do I have to say Get off the unique and probably alien living plinth that zaps the unwary? What is wrong with my life that I have to say these things out loud...?

Okay," I said. "Let's do something really goddamn stupid.

The two most dangerous things in the world are rich people and crazy people.

Women do not enter a profession in significant numbers until it is physically safe. So until we care enough about men's safety to turn the death professions into safe professions, we in effect discriminate against women.

Go for it now. The future is promised to no one.

A non-doer is very often a critic-that is, someone who sits back and watches doers, and then waxes philosophically about how the doers are doing. It's easy to be a critic, but being a doer requires effort, risk, and change.

It is easy to be a critic, but being a doer requires effort, risk and change.

Putting it off as a way of life is one technique that you can use to avoid doing. A non-doer is very often a critic, that is, someone who sits back and watches doers, and then waxes philosophically about how the doers are doing. It is easy to be a critic, but being a doer requires effort, risk and change.

Someone must risk returning injury with kindness, or hostility will never turn to goodwill.

Turn down a chance to feel magic for fear of a little dirt?

I tried to convince the kids at the bus stop to climb up with me, even a little ways, but all of them said they didn't want to get dirty. Turn down a chance to feel magic for fear of a little dirt? I couldn't believe it.

I hate t see you swim out so far you can't swim back.

I hate to see you swim out so far you can't swim back.

Rechazaban la oferta de sentir magia por el pequeño miedo de ensuciarse?

Life has taught me that one's most precious asset is the spirit of 'independence at all costs'... the constant disposition to risk all in the interests of a connection.

Courage is a peculiar kind of fear.