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A stock is not just a ticker symbol or an electronic blip; it is an ownership interest in an actual business, with an underlying value that does not depend on its share price.
The only thing I understand deeply, because in my teens I was thinking about it, and every year of my life, is software. So I'll never be hands-on on anything except software.
The worst pandemic in modern history was the Spanish flu of 1918, which killed tens of millions of people. Today, with how interconnected the world is, it would spread faster.
I do think this next century, hopefully, will be about a more global view. Where you don't just think, 'Yes, my country is doing well,' but you think about the world at large.
There's nothing - I've bought everything I want. I don't like yachts or anything; you know, I'm not a yacht person, and I've got pretty much the nicest plane I'd want to have.
Paper money is made of cotton, and I'm long cotton, by the way. One reason I'm long cotton is because Dr. Bernanke is out there running the printing presses as fast as he can.
There's no such thing as a favorite investment. But I think I tend to invest in Asia in promising countries, in equities, in real estate, and I own precious metals, obviously.
I can see being kind to people, but I don't think giving them money solves the problem. I think it makes the problem worse and it prolongs the ultimate, inevitable end anyway.
Critics only make you stronger. You have to look at what they are saying as feedback. Sometimes the feedback helps, and other times, it's just noise that can be a distraction.
If you took all of my money away, I would have it right back. I don't really care about money. I mean I do but why worry about it because I can make my own money all the time.
In real estate, many investors love triple net leases. With NNN's investors receive income without the expenses of taxes, repairs and insurance. The tenant covers these costs.
We've all heard stories of lottery winners, rock stars, heirs and heiresses, and professional athletes becoming millionaire morons who wake up rich but are broke by nightfall.
The environmentalists say capitalism is killing our oceans, air, land, and forests. Capitalists argue that they provide food, fuel, and building materials for a growing world.
If people had understood how patents would be granted when most of today's ideas were invented, and had taken out patents, the industry would be at a complete standstill today.
Computers are great because when you're working with them you get immediate results that let you know if your program works. It's feedback you don't get from many other things.
I remember thinking quite logically that I didn't want to spoil my children with wealth and so that I would create a foundation, but not knowing exactly what it would focus on.
The close relationships we form between researchers and product groups have already shown we can move the great ideas as they come along, without a schedule, into the products.
I think that society has to be careful not to shift all of its resources to the elderly versus the young. I get very concerned when people talk about cutting education budgets.
Be very careful. Giving because we think we will get something back will not work. You must be 100 percent willing to give and never experience any return, or it will not work.
You can invest with less risk and make more money in the stock market. All you have to do is not be an average investor. Intelligence is the ability to make finer distinctions.
If you look at anyone who has achieved great success and wealth, people like Warren Buffett, Oprah Winfrey, or Lance Armstrong, they have all focused intensely in order to win.
If you want to do something to destroy consumer spending, just eat away at the middle class because the other problem we have is the structural problem of middle class America.
Before you place your financial future in the hands of an adviser, it's imperative that you find someone who not only makes you comfortable but whose honesty is beyond reproach.
We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten. Don't let yourself be lulled into inaction.
Analytical software enables you to shift human resources from rote data collection to value-added customer service and support where the human touch makes a profound difference.
If you've found some way to educate yourself about engineering, stocks, or whatever it is, good employers will have some type of exam or interview and see a sample of your work.
We flew down weekly to meet with IBM, but they thought the way to measure software was the amount of code we wrote, when really the better the software, the fewer lines of code.
The reality of life is, if you have a bagel shop and everybody is pouring into the doughnut shop across the street, if you want to stay in business, you start selling doughnuts.
If we have an economic crisis in the Western world it's because the government makes up 50 percent or more of the economy. This is a cancer that is taking away people's freedom.
Don't cut up your credit cards, the problem is not the cards, it's the lack of financial literacy of the person holding the cards and always make the best out of a bad situation
At age 19, I read a book [The Intelligent Investor] and what I'm doing today, at age 76, is running things through the same thought process I learned from the book I read at 19.
When I was growing up, my parents were almost involved in various volunteer things. My dad was head of Planned Parenthood. And it was very controversial to be involved with that.
People don't want lots and lots of single purpose devices. They do not want to have to learn how to set up something for photos, another thing for music, another thing for video.
There's no such thing as going to a soapbox and saying, 'The government's corrupt,' and not having the intelligence service see your face. In the digital world, that can be done.
3D is a way of organizing things, particularly as we're getting much more media information on the computer, a lot more choices, a lot more navigation than we've ever had before.
I want broadband to grow, more mobile devices available, particularly in underprivileged communities. I want STEM education to go ahead and fund the next generation of engineers.
Vanguard never would have happened if I hadn't been fired as CEO of Wellington Management Company, the firm that did the investing for the Wellington fund and eight sister funds.
Three of my children are medical doctors; they know at least a hundred times as much about your body as my grandfather knew, but they don't know much more about soul than he did.
Three of my children are medical doctors, they know at least a hundred times as much about your body as my grandfather knew, but they don't know much more about soul than he did.
Before starting my own investment funds, the only models I was aware of were those of Warren Buffett and Charlie Munger. Their models made a lot of sense to me, so I cloned them.
Starting a business is like jumping out of an airplane without a parachute. In mid air, the entrepreneur begins building a parachute and hopes it opens before hitting the ground.
When you think about it, three of our biggest financial decisions in life are made at times of peak emotional excitement: deciding to get married, buying a home, and having kids.
There's not many businesses where someone can come in and offer to cut the price in half and somebody doesn't think about shifting. But that's the nature of the ratings business.
When we really sit back with a smile on our face is when we run into a situation we can understand, where the facts are ascertainable and clear, and the course of action obvious.
The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves - and the better the teacher, the better the student body.
I have this complicated procedure I go through every morning, which is to look in the mirror and decide what I'm going to do. And I feel at that point, everybody's had their say.
My wife Hillary sometimes accuses me of trying to reinvent the 19th century. In some ways she's right because I like things that I can understand and that aren't too complicated.
I feel certain that the personal computer is as revolutionary in terms of the way it will change the way we work, learn, and entertain ourselves as any of these previous advances.
It is hard to sell Congress and the American people on foreign aid. Is it harder to do that than it is to sell billionaires on the idea that they should give all their money away.
Intermittency [in availability for wind and solar] changes the economics, particularly this requirement that the power company at all times be able to require power. That's large.