Berkshire Hathaway Inc. (BRK.B): 60+ Quotes From Buffett Himself

41. On Bill Gross’ “New Normal”: “It doesn’t make any difference to me what he thinks about the future.”

42. “I have a general feeling that America will continue to work well.”

43. “What you do know to a very high degree of certainty: That BNSF will be carrying more cargo 10 years from now.”

44. “If [investors] try to time their purchases, they will do very well for their broker and not very well for themselves.”

45. “The Intelligent Investor changed my life … Graham’s book gave me a bedrock philosophy on investing that made sense.”

46. On airline consolidations: “In some businesses you can have only two competitors, and they’re still terrible businesses.”

47. On Todd Combs’ short-selling: “He was so successful with it that he stopped doing it.”

48. To Doug Kass, on short-selling: “You don’t have any competition from people who listen to us.”

49. “There is no perfect mathematical formula for pricing a business.”

50. “In stock markets it’s an auction market, and crazy things can happen.”

51. “I find it totally unproductive to discuss politics with people.”

52. On the national debt: “This is not by far the country’s toughest hour … we’ll do fine.”

53. “Equities will do well over time — you just have to avoid getting excited when other people are getting excited.”

54. “Four or five times during their lifetimes, [investors will] see incredible opportunities probably in equity markets … [they] have to have the mental fortitude to jump in when most are jumping out.”

55. “There are a lot of track records that don’t mean much.”

56. “Our job when we hire people to manage money is to figure out if they’re lucky coin flippers.”

57. On insurance-business manager Ajit Jain: “If he came in at 1965 instead of 1985, we’d probably own the world.”

58. “If Charlie and I were running $1 million now, we’d be looking into some very small things, some small discrepancies and certain situations. The opportunities are out there.”

59. “I don’t think we’re remotely near a bubble now in terms of housing.”

60. “When people get fearful, they get fearful en masse. Confidence comes back one at a time. When they get greedy, they get greedy en masse.”

61. “When we see falling prices, we think it’s an opportunity to buy.”

62. “It would be a terrible mistake to put me in charge of social media at Berkshire Hathaway. And Charlie wouldn’t be a good choice, either.”

63. “More kids are ruined by the behavior of their parents than the size of their inheritance.”

The article 63 Brand-New Quotes From Warren Buffett originally appeared on Fool.com and is written by Matt Koppenheffer.

Matt Koppenheffer owns shares of Berkshire Hathaway. The Motley Fool recommends Berkshire Hathaway and H.J. Heinz  and owns shares of Berkshire Hathaway.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.