Warren Buffett

CEO, Berkshire Hathaway
Buffett, 82, is the billionaire investor from Nebraska whose stock-picking savvy and Wall Street wisdom have earned him a reputation as the "Oracle of Omaha."

Education:
Bachelor of Arts/Science, University of Nebraska Lincoln; Master of Science, Columbia University


Did you know
Buffett still lives in the same Omaha, Nebraska home he purchased in 1958 for $31,500.

On Thinking Independently
You're neither right nor wrong because people agree with you. You're right because your facts and your reasoning are right.

On Success and Happiness
They say success is getting what you want, and happiness is wanting what you get. I always worry about people who say, "I'm going to do this for 10 years; I really don't like it very well. And then I'll do this ..." That's a little like saving up sex for your old age. Not a very good idea.

On Investing
The first rule of investing is not to lose money. The second rule is not to forget the first rule.

On Picking Stocks for the Long Term
You should invest in businesses so good that even a fool can run them, because someday a fool will.

On Retiring
I will keep working until about five years after I die. I've given my board of directors a Ouija board so they can keep in touch. I also have a letter that will go out and tell what the plans of the company are. It starts out, "Yesterday I died." I just hope the stock doesn't go up too much that day.

Quote by Warren:
Rational people don't risk what they have and need for what they don't have and don't need.



Resources:
Forbes : www.forbes.com
AARP The Magazine: www.aarp.org

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