Warren Buffett: Trump Failed Leverage

Warren Buffett Money Quote saying that he’s seen failure due to drinking or debt and that Donald Trump took on too much debt without the ability to repay his obligations. Warren Buffett said:
 

 

“I’ve seen more people fail because of liquor and leverage – leverage being borrowed money. Donald Trump failed because of leverage. He simply got infatuated with how much money he could borrow, and he did not give enough thought to how much money he could pay back.” — Warren Buffett

 
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Warren Buffett: Trump Terrific at Borrowing

Warren Buffett Money Quote saying Donald Trump is more interested in ostentatious display than equity and fairness in real estate and got overextended. Warren Buffett said:
 
 

 

“Where did Donald Trump go wrong? The big problem with Donald Trump was he never went right. He basically overpaid for properties, but he got people to lend him the money. He was terrific at borrowing money. If you look at his assets, and what he paid for them, and what he borrowed to get them, there was never any real equity there” — Warren Buffett

 
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Warren Buffett: Invest in Self Improvement

Warren Buffett Money Quote saying when we improve ourselves, it is like investing in our future selves and should be a priority. Warren Buffett said:
 

 

“There’s one investment that supersedes all others: Invest in yourself. Address whatever you feel your weaknesses are, and do it now” — Warren Buffett

 
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Warren Buffett: Presidential Market Credit

Warren Buffett Money Quote saying President Trump is taking credit for the improvement of the U.S. economy since his election, but will certainly distance himself from blame if the market drops. Warren Buffett said:

If I ever get elected president, I will never claim credit for anything the market does, because I don’t want to be blamed when it goes the other direction
— Warren Buffett

Warren Buffett: Keep on Buying America

Warren Buffett Money Quote saying investing in the stock market should not be done with short term intentions, but rather over the long haul for wealth accumulation. Warren Buffett said:

They shouldn’t listen to a lot of jabbering about what the market’s going to do tomorrow or next week or next month, because nobody knows. They should just keep buying and buying and buying a little bit of America as they go along. And 30 or 40 years from now, they will have a lot of money
— Warren Buffett

Warren Buffett: Five Minutes Deficit

Warren Buffett Money Quote saying if you make congress responsible for keeping their jobs by keeping the deficit in check, they would certainly be up to that task. Warren Buffett said:

I could end the deficit in five minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of Congress are ineligible for reelection
— Warren Buffett

Warren Buffett: Devastating Inflation Tax

Warren Buffett Money Quote saying simple math tells us that inflation is the most destructive tax – by making money disappear. Warren Buffett said:
 

 

“Arithmetic makes it plain that inflation is a far more devastating tax than anything that has been enacted by our legislature. The inflation tax has a fantastic ability to simply consume capital” — Warren Buffett

 
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Warren Buffett: Spend 1%, Give 99%

Warren Buffett Money Quote saying keeping money you don’t need is of no value, so give it to those who get something from it. Warren Buffett said:

In my entire lifetime everything that I spend will be quite a bit less than 1% of everything I make. The other 99%-plus will go to others because it has no utility to me, so it’s silly for me to not transfer that utility to people who can use it. It’s doing me no good
— Warren Buffett