Mary Buffett > Quotes

“The rule is simple: People with integrity are predisposed to perform; people without integrity are predisposed not to perform. It is best not to get the two confused.”
― Mary Buffett, The Tao of Warren Buffett: Warren Buffett's Words of Wisdom: Quotations and Interpretations to Help Guide You to Billionaire Wealth and Enlightened Business Management

“A bad person is a bad person, and a bad person will never make you a good deal. The world is filled with enough good and honest people that doing business with the dishonest ones is pure foolishness.”
― Mary Buffett, The Tao of Warren Buffett: Warren Buffett's Words of Wisdom: Quotations and Interpretations to Help Guide You to Billionaire Wealth and Enlightened Business Management

“To make big money in the investment world you have to learn to think independently; to think independently you need to be comfortable standing alone.”
― Mary Buffett, The Tao of Warren Buffett: Warren Buffett's Words of Wisdom: Quotations and Interpretations to Help Guide You to Billionaire Wealth and Enlightened Business Management

“You have to understand accounting and you have to understand the nuances of accounting. It's the language of business and it's an imperfect language, but unless you are willing to put in the effort to learn accounting - how to read and interpret financial statements - you really shouldn't select stocks yourself. - Warren Buffett”
― Mary Buffett, Warren Buffett and the Interpretation of Financial Statements

“The road of good intentions is paved with what were foreseeable troubles. Thinking long and hard before you take the leap will save you from having to think long and hard about all the trouble you just signed on for. Warren”
― Mary Buffett, The Tao of Warren Buffett: Warren Buffett's Words of Wisdom: Quotations and Interpretations to Help Guide You to Billionaire Wealth and Enlightened Business Management

“Current assets are also referred to as the “working assets” of the business because they are in the cycle of cash going to buy inventory; Inventory is then sold to vendors and becomes Accounts Receivable. Accounts Receivable, when collected from the vendors, then turns back into Cash. Cash → Inventory → Accounts Receivable → Cash. This cycle repeats itself over and over again, and it is how a business makes money.”
― Mary Buffett, Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage

“No. 1 “Rule”
― Mary Buffett, The Tao of Warren Buffett: Warren Buffett's Words of Wisdom: Quotations and Interpretations to Help Guide You to Billionaire Wealth and Enlightened Business Management

“After all, you have just been sold a painting for $1 million, and the cost of making it was probably less than $500.”
― Mary Buffett, Buffettology: The Previously Unexplained Techniques That Have Made Warren Buffett The Worlds

“નિયમ નં. 2 વૉરેનને સમજાયું છે કે હોંશિયાર મૅનેજરોને એકલે હાથે, પોતાને યોગ્ય લાગે તે રીતે કામ કરવાનું ગમે છે.”
― Mary Buffett, Warren Buffett Management Secrets