The wit and wisdom of Warren Buffett

wealth Warren Buffett met accident in 1966. I wrote an investment article about a man, Alfred Winslow Jones, which was no longer at that time, but near the article. Jones runs something called a fund to be undone, and Fortune’s Description what is that and how Jones runs a miniboo in Hedge fund business. Buffett Partnership Ltd. – a type of competitor in Jones’s fund – got a line of the article. In my eternal depression, I miss buffett, which gives only one. “

A little later, my husband John Loomis, met the buffett and returned home to say, “I think I met the country’s wisest investor.” I’m sure my eyes are rolling. But then, I also knew Warren (and his beautiful late wife, Susie) and realized how impressive it was unknown. Loomises buy stocks in his small company, Berkshire Hathaway (Brka); We become good friends with buffets; And I finally became Pro Bono Edo in his most famous annual letter to shareholders.

While, wealth Go to a long course of covering buffett. He got two paragraphs and pictures in a 1970 wealth The story called “Hard Times comes to Hedge funds” – his fund is a great, with 13 years of profit – how much equity investments. “

Now, 46 years after wealth First met person, we had a book, Tap to dance to workthat collects all the important we have done about him (and some rough things too), with a comment written to me. All articles mentioned above, from the story of the aw jones, are inside – and that’s the start. Overall, the book is a BUFFETT BANK.

The following is some selected quotations from its pages and a selection of pictures that mark the passage of time, as the buffett grew up in an investor / philanthropropist that is secured by the history of history. One thing is certain: We are terrible glad to be there.

A Coda: In 1966, when wealth First met Warren Buffett, Berkshire’s stock (current class) is $ 22. In the early November, about $ 130,000.

1970s

January 1970: Difficulty times come to Hedge funds
“Buffett’s record is better. In his thirteen years of operation … he compared his investors’ money in a year of annual rate … [Now] Buffett has quit Hedge fund game. “

May 1977: How inflammatory flows equity investor
“Most public offices, are more likely to understand, are strong against inflation and strong favor of the policies that bear fruit,” Buffett wrote.

1980s

Aug. 22, 1983: Letters from Chairman Buffett
“The market, like the Lord, helps those who help themselves. But, not like the Lord, the market cannot forgive those they do not know.”

December 26, 1983: Can you overcome the stock market?
In investing, says the buffett, “you wait 3 and 0 pitches.”

January 20, 1986: Combination fees bending in mind
“Buffett is so wise,” Bruce Wasserstein remembers, “that you need to be careful to avoid being selected.”

September 29, 1986: Do you need to leave it all in children?
“Does anyone say the best way to choose a championship olympic team to choose the sons and daughters of the winner 20 years ago? [That would be] a crazy way for a society to compete. “

December 7, 1987: Early fears about Unsex futures
“We don’t need more people gambling with bad instruments introduced in the stock market in this country, or brokers who inspire them to do so … we need intelligent investment capital.”

April 11, 1988: The inside within the Warren Buffett
“With some exceptions, if a manager with a reputation for beauty is covering a business with a reputation for the poor economic economy, it is the reputation of the business that remained unconscious.”

October 30, 1989: Are these new Warren Buffetts?
“You don’t need a rocket scientist. Investing is not a game where 160 IQ guy is shocked by the guy who is based on short greed or fear.

1990s

April 22, 1991: Buffett Muris Junk
“There are a lot of things I want to do with any nightmares. But I don’t think of most of the terms of investing decisions. You only pay for what you do.”

January 10, 1994: Now hear this
“Paul Mozer paid $ 30,000 and sentenced to the prison for four months. Expyholders in Solomon – including me – paid 10 months 10 months.”

March 20, 1995: Derivatives disruptive
“Buffett says he deals with derivatives by asking every annual report that he or she knows each company entered. ‘”

February 5, 1996: Gates in Buffett
“You have to invest in a business that even a fool can run, because in the future a fool.”

October 27, 1997: Warren Buffett’s Wild Slarge in Solomon
In memory of the Solomon Crisis: Once the buffett becomes an interim chairman, a reporter asked him how he manage the need to be in New York and Omaha. “My mother looked at my name in my coat of clothes, so all is well,” she replied.

July 20, 1998: ATLB and Warren Acufic
“In most earnings, it’s better to be target than a player. The picking up the reality he opened the dead animal.”

Nov. Nov. 22, 1999: G. Buffett in stock market
“I think it’s hard to come in a persuasive case that equities in the next 17 years will do anything – any Like – they have already done the past 17. If I have to take the most possible return, from divisions and appreciation together, investors in agum … this is 6%. “

2000s

February 19, 2001: The value machine
“[Berkshire] reminds me of Mickey Mouse as the Sorcerer apprentice of Personal Fantasia. His problem is flooded with water. Our cash. “

December 10, 2001: Warren Buffett in the stock market
“Referring to a personal taste of mine, I will buy hamburgers for the rest of my life. Sing the price of hamburgers, if the hambelgers of most people in life. APART stock. If stocks go down and you can get more for your money, people don’t want them. “

Nov. Nov. 11, 2002: The Oracle of All
“The bubble popped, but the stocks are not yet cheap …”

March 17, 2003: avoiding a mega-catastrophe
“Derivatives are financial weapons of mass destruction, carrying disasters that, while now death, can be fatal.”

March 11, 2005: The best advice I’ve got
“I have $ 9,800 by the end of 1950 and in 1956, I have $ 150,000. I thought I could live like a king.”

July 10, 2006: Warren Buffett gives it
“I know what I want to do, and it’s meant to start.”

April 28, 2008: What Warren thinks
“It seems like everyone says [the recession] Nourish and shallow, but it seems as opposed. You know, the agony of its nature takes a lot of time, a lot of pain. “

June 23, 2008: Big Pets Buffett
“A lot of intelligent people are involved in running funds to the healing. But their efforts are self-neutral, and their IQ is not better with the investors in funds than in a fund group.”

July 6, 2010: my philanthropicic ask
“My wealth comes from a combination of American living, some lucky gen, and intero interest … my work [born] The man and white also took a lot of obstacles that most Americans faced … the distribution of high straws that were fierce. “

Fitted fromTap Dancing at Work: Warren Buffett In almost all, 1966-2012Collected and expanded by Carol J. Loomis, published by the portfolio / penguin, sold Nov. 21, 2012. © 2012 Time Inc.

A shorter version of this story appears on December 3, 2012 issue ofwealth.

This story originally shown Fortune.com

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