Warren Buffett

Chairman and chief executive of Berkshire Hathaway, 1970–2025

Recorded said elsewhere, not written here
We've just passed a milestone: Twenty years ago, on January 3, 1972, Blue Chip Stamps (then an affiliate of Berkshire and later merged into it) bought control of See's Candy Shops, a West Coast manufacturer and retailer of boxed-chocolates. The nominal price that the sellers were asking - calculated on the 100% ownership we ultimately attained - was $40 million. But the company had $10 million of excess cash, and therefore the true offering price was $30 million. Charlie and I, not yet fully appreciative of the value of an economic franchise, looked at the company's mere $7 million of tangible net worth and said $25 million was as high as we would go (and we meant it). Fortunately, the sellers accepted our offer. The sales of trading stamps by Blue Chip thereafter declined from $102.5 million in 1972 to $1.2 million in 1991. But See's candy sales in the same period increased from $29 million to $196 million. Moreover, profits at See's grew even faster than sales, from $4.2 million pre-tax in 1972 to $42.4 million last year.

His letter to Berkshire Hathaway shareholders in the 1991 annual report, Berkshire Hathaway Inc., February 1992 source ↗

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Wangari Maathai Founder of the Green Belt Movement; Member of Parliament for Tetu, Kenya, 2002–2007; Assistant Minister for Environment and Natural Resources 2003–2005
Tree planting became a natural choice to address some of the initial basic needs identified by women. Also, tree planting is simple, attainable and guarantees quick, successful results within a reasonable amount time. This sustains interest and commitment.
Recorded Oslo City Hall, The Nobel Foundation, 10 December 2004 source ↗
Yves Bonnefoy Poet, essayist and translator
I was not much taken by their poems, but I liked Leconte de Lisle’s translation of Homer, especially his Iliad, which brought me the classical world. I have often felt a great difference between myself and the next generation, those who were twenty in 1950, although it is only a few years, because I had read in my grandfather’s library books that were later less accessible. The next generation was reading Michaux, Prévert, Éluard—twentieth-century authors. I’m glad to have read the Greek classics, and French ones too—writers like Racine and Corneille.
Recorded Shusha Guppy, The Paris Review, Issue 131, Summer 1994, 1994 source ↗
Sachin Tendulkar India Test and one-day international cricketer, 1989–2013
In the last 24 years that I have played for India I have made new friends, and before that I have had friends from my childhood. They have all had a terrific contribution. As and when I have called them to come and bowl to me at the nets, they have left their work aside to come and help me. Be it joining me on holidays and having discussions with me on cricket, or how I was a little stressed and wanting to find a solution so I can perform better. All those moments my friends were with me. Even for when I was injured, I would wake up in the morning because I couldn't sleep and thought that my career was over because of injuries, that is when my friends have woken up at 3 o'clock in the morning to drive with me and make me believe that my career was not over. Life would be incomplete without all those friends.
Recorded Farewell address, Wankhede Stadium, Mumbai, ESPNcricinfo, 16 November 2013 source ↗
Elizabeth Iro Nurse and midwife; first Chief Nursing Officer of the World Health Organization, 2017–2022
And like most nurses, I found myself running into certain frustrations. I started to look for ways to make a better argument, to advocate more convincingly for the people under my care. That led me to read up on civil law and produce a few research papers, and then I did a master’s degree in health science and also an MBA. All of that allowed me to see other sides of the problem. It also showed me how issues affecting nurses could be elevated by approaching ministers and other people in power with sound, evidence-based arguments.
Recorded Published Q&A, Proto Magazine (Massachusetts General Hospital), 20 May 2021 source ↗

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Question What has life taught you about being human? Values & belief
Well, I won't say what I thought about them, particularly related to Bill Gates, but I would say it's astounding to me how human people are. I mean, it, here you had a guy that was a convicted guy, a sensational con man, and the percentage of people that he knocked off. I mean, whether it was, he found their weakness, it might have been sex. It might be power, it might be, whatever it might be.
Recorded Becky Quick, CNBC “Squawk Box”, recorded in Omaha; CNBC's own transcript of its own broadcast, 31 March 2026 source ↗
Question Who deserves an apology from you, and for what? Failure & regret
I've mentioned that we strongly prefer to use cash rather than Berkshire stock in acquisitions. A study of the record will tell you why: If you aggregate all of our stock-only mergers (excluding those we did with two affiliated companies, Diversified Retailing and Blue Chip Stamps), you will find that our shareholders are slightly worse off than they would have been had I not done the transactions. Though it hurts me to say it, when I've issued stock, I've cost you money.
Recorded His letter to Berkshire Hathaway shareholders in the 1997 annual report, Berkshire Hathaway Inc., February 1998 source ↗
Question What do you fear most? Identity & self
And now, you've got nine countries, including, you know, a guy in North Korea. I mean, and there will be, something will happen. And we worried enormously about it when there were two. And we had perfectly, we had really pretty sane leaders in Kennedy and Khrushchev. You know, I mean, you were not dealing with unstable people or anything like that.
Recorded Becky Quick, CNBC “Squawk Box”, recorded in Omaha; CNBC's own transcript of its own broadcast, 31 March 2026 source ↗
Question What became visible only after your working life slowed down or ended? Time & hindsight
I go in every day to the office. I don't accomplish hardly anything. I mean, in terms of – it just takes me way longer to do things. And Greg is so good. It was kind of embarrassing how good he is, because he has covered – you know, we've got about 200 businesses within Berkshire, you know, that came about, and I can't name the manager's names or their wives names, or – and I haven't seen them, you know, in a long time.
Recorded Becky Quick, CNBC Squawk Box, 31 March 2026 source ↗

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