> Warren Buffett Blog: April 2014

Wednesday, April 30, 2014

Easy for politicians to not raise taxes

The solution is to either change the promises or tax more. But the trouble is for any given politician he's only going to be there for a year or two. His best solution is to do nothing because he will be gone. And it isn't the kind of problem that you wake up tomorrow and causes the lights to go out or the streets to not get shoveled. It is the easiest problem in the world to postpone.

In Omaha, I would not like to change the promises that have been made to the people who work publicly. So I think we should probably tax more. But that won't work in many municipalities or states. The problems are too big relative to the tax base. You can't tax enough in Detroit to pay the pensions that have been promised. They have gone too far.

Tuesday, April 29, 2014

Warren Buffett CNBC interview April 2014: Index investing

Warren Buffett video interview from CNBC about long term investing and future for investing through Index Funds.

Warren Buffett says raise taxes

I will not pay a dime more of individual taxes than I owe, and I won't pay a dime more of corporate taxes than we owe. And that's very simple.

In my own case, I offered one time to match a voluntary payment that any Senators pay, and I offered to triple any voluntary payment that Mitch McConnell made, but they never took me up on it.

Monday, April 28, 2014

Buffett on importance of reading books

Warren Buffett

"By the age of 10, I'd read every book in the Omaha Public Library with the word finance in the title -- some twice."

Charlie Munger

I have said that in my whole life, I have known no wise person over a broad subject matter area who didn't read all the time -- none, zero. 

"Now I know all kinds of shrewd people who by staying within a narrow area can do very well without reading," he added, "but investment is a broad area. So if you think you're going to be good at it and not read all the time, you have a different idea than I do. You'd be amazed at how much Warren reads. You'd be amazed at how much I read.”

Thursday, April 24, 2014

Stocks are still a reasonable buy

I think we're in a range, and it's a big zone always, of reasonableness. But stocks ought to be higher every 10 years.There's a plow back of earnings that goes back year after year. 

Stocks will become worth more decade after decade, not in any precise manner, not in an even manner or anything of the sort. But 10 years, 20 years, 30 years, stocks will be worth more than they are today.

Warren Buffett on buying sell offs

Tumbling markets can be helpful to the true investor if he has cash available when prices get far out of line with values. A climate of fear is your friend when investing; a euphoric world is your enemy.

Tuesday, April 22, 2014

Buffett quote on over trading

Games are won by players who focus on the playing field, not by those whose eyes are glued to the scoreboard. If you can enjoy Saturdays and Sundays without looking at stock prices, give it a try on weekdays.

Thursday, April 17, 2014

Warren Buffett praises Berkshire shareholders

People think all the Berkshire shareholders are rich. Half our shareholders have an investment of $12,000 or less in the company. So if you spend a couple thousand dollars coming to the meeting that is significant.

I'm like a mother bear wanting to protect her cubs when it comes to the shareholders

Thursday, April 3, 2014

Wabco India growing

Wabco Holdings, the Warren Buffett-backed auto parts maker in India, has cornered a majority of the market in several segments in India, but the company said its innings in the country is only just beginning. New laws making advanced braking systems mandatory and intensifying competition in the auto segment due to the emergence of new players will push up demand for Wabco's products in the country, 

Wabco is betting that the changing Indian commercial vehicle landscape, which now has 12 players compared with two until a decade ago, will push demand for new fuel-efficient technologies. Wabco customers include Daimler, Volvo, Ashok Leyland and Tata Motors.

Read more at:

Wednesday, April 2, 2014

Dont speculate

If you focus on whether the price of the investment will increase, “you are speculating.” That’s not improper, but it’s more difficult to succeed.

Tuesday, April 1, 2014

Buffett learnt about farming from his son

I knew nothing about operating a farm. But I have a son who loves farming, and I learned from him both how many bushels of corn and soybeans the farm would produce and what the operating expenses would be.