Funny Quotes by Warren Buffet this year
Warren Buffet came out with his annual letter to shareholders yesterday. Like all the previous years, this letter is also simply great. I tried to compile some of the funny quotes in this letter.
Here is my list.
Buffet on Acquisitions:
.... To date, Dexter is the worst deal that I’ve made. But I’ll make more mistakes in the future – you can bet on that. A line from Bobby Bare’s country song explains what too often happens with acquisitions:
“I’ve never gone to bed with an ugly woman, but I’ve sure woke up with a few.”
Buffet on profitability of See's:
.... Just as Adam and Eve kick-started an activity that led to six billion humans, See’s has given birth to multiple new streams of cash for us.
"The biblical command to “be fruitful and multiply” is one we take seriously at Berkshire."
Buffet on Housing crisis:
... As house prices fall, a huge amount of financial folly is being exposed.
"You only learn who has been swimming naked when the tide goes out – and what we are witnessing at some of our largest financial institutions is an ugly sight."
.... John Stumpf, CEO of Wells Fargo, aptly dissected the recent behavior of many lenders:
“It is interesting that the industry has invented new ways to lose money when the old ways seemed to work just fine.”
Here is my list.
Buffet on Acquisitions:
.... To date, Dexter is the worst deal that I’ve made. But I’ll make more mistakes in the future – you can bet on that. A line from Bobby Bare’s country song explains what too often happens with acquisitions:
“I’ve never gone to bed with an ugly woman, but I’ve sure woke up with a few.”
Buffet on profitability of See's:
.... Just as Adam and Eve kick-started an activity that led to six billion humans, See’s has given birth to multiple new streams of cash for us.
"The biblical command to “be fruitful and multiply” is one we take seriously at Berkshire."
Buffet on Housing crisis:
... As house prices fall, a huge amount of financial folly is being exposed.
"You only learn who has been swimming naked when the tide goes out – and what we are witnessing at some of our largest financial institutions is an ugly sight."
.... John Stumpf, CEO of Wells Fargo, aptly dissected the recent behavior of many lenders:
“It is interesting that the industry has invented new ways to lose money when the old ways seemed to work just fine.”

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