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Berkshire Hathaway Quotes & Sayings

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Top Berkshire Hathaway Quotes

Berkshire Hathaway Quotes By Charlie Munger

Size will hurt returns. Look at Berkshire Hathaway - the last five things Warren has done have generated returns that are splendid by historical standards, but now give him $100 billion in assets and measure outcomes across all of it, it doesn't look so good. We can only buy big positions, and the only time we can get big positions is during a horrible period of decline or stasis. That really doesn't happen very often. — Charlie Munger

Berkshire Hathaway Quotes By Warren Buffett

Mrs. B's story is well-known but worth telling again. She came to the United States 77 years ago, unable to speak English and devoid of formal schooling. In 1937, she founded the Nebraska Furniture Mart with $500. Last year the store had sales of $200 million, a larger amount by far than that recorded by any other home furnishings store in the United States. Our part in all of this began ten years ago when Mrs. B sold control of the business to Berkshire Hathaway, a deal we completed without obtaining audited financial statements, checking real estate records, or getting any warranties. In short, her word was good enough for us. Naturally, I was delighted to attend Mrs. B's birthday party. After all, she's promised to attend my 100th. — Warren Buffett

Berkshire Hathaway Quotes By Warren Buffett

Over the years, Charlie [Munger, Berkshire Hathaway Vice Chairman] and I have observed many accounting -based frauds of staggering size. Few of the perpetrators have been punished; many have not even been censured. It has been far safer to steal large sums with pen than small sums with a gun. — Warren Buffett

Berkshire Hathaway Quotes By Charlie Munger

I'm proud to be associated with the value system at Berkshire Hathaway; I think you'll make more money in the end with good ethics than bad. — Charlie Munger

Berkshire Hathaway Quotes By William Poundstone

Samuelson, however, hedged his personal bets - by putting some of his own money in Berkshire Hathaway. — William Poundstone

Berkshire Hathaway Quotes By Charlie Munger

At Berkshire Hathaway we do not like to compete against Chinese manufacturers. — Charlie Munger

Berkshire Hathaway Quotes By Charlie Munger

I'm a bull on Berkshire Hathaway. There may be some considerable waiting, but I think there are some good days ahead. — Charlie Munger

Berkshire Hathaway Quotes By Walter Schloss

By setting up Berkshire Hathaway, Warren has done everything very rationally. — Walter Schloss

Berkshire Hathaway Quotes By Charlie Munger

Every business tries to turn this year's success into next year's greater success. It's hard for me to see why Microsoft is sinful to do this. If it's a sin, then I hope all of Berkshire Hathaway's subsidiaries are sinners. Someone whose salary is paid by U.S.taxpayers is happy to dramatically weaken the one place where we're winning big?! — Charlie Munger

Berkshire Hathaway Quotes By Charlie Munger

I'd say that Berkshire Hathaway's system is adapting to the nature of the investment problem as it really is. We've really made the money out of high quality businesses. In some cases, we bought the whole business. And in some cases, we just bought a big block of stock. But when you analyze what happened, the big money's been made in the high quality businesses. And most of the other people who've made a lot of money have done so in high quality businesses. — Charlie Munger

Berkshire Hathaway Quotes By Christie Hefner

The very first stock I bought right out of college was Berkshire Hathaway. — Christie Hefner

Berkshire Hathaway Quotes By Charlie Munger

Wesco had a market capitalization of $40 million when we bought it [in the early 1970s]. It's $2 billion now. It's been a long slog to a perfectly respectable outcome - not as good as Berkshire Hathaway or Microsoft, but there's always someone in life who's done better. — Charlie Munger

Berkshire Hathaway Quotes By Steve Burke

I'm a very competitive person ... I've run 12 marathons! I kayaked around Manhattan 29 miles in October! I ran the Berkshire Hathaway 5K! And I want every part of the business to compete - and play to win. — Steve Burke

Berkshire Hathaway Quotes By Charlie Munger

We bought a doomed textile mill [Berkshire Hathaway] and a California S&L [Wesco] just before a calamity. Both were bought at a discount to liquidation value. — Charlie Munger