Warren Buffett says

“Alas, my “fiddle playing” will not get me to Carnegie Hall — or even to a high school recital. Berkshire, on your behalf and mine, will send the Treasury $3.3 billion for tax on its 2003 income, a sum equaling 2½% of the total income tax paid by all U.S. corporations in fiscal 2003.”

—Warren Buffett

More from Warren Buffett

“The difference between successful people and very successful people is that very successful people say no to almost everything.”

—Warren Buffett

“If you buy things you don't need, soon you will have to sell things you need.”

—Warren Buffett

“But then it dawned on me that the opinion of someone who is always wrong has its own special utility to decision-makers.”

—Warren Buffett

“Only when the tide goes out do you discover who's been swimming naked.”

—Warren Buffett

“My favourite holding period is forever”

—Warren Buffett

“You should never test the depth of the water with both feet.”

—Warren Buffett

“as happens in Wall Street all too often, what the wise do in the beginning, fools do in the end.”

—Warren Buffett

“Naming the plane has not been easy. I initially suggested ‘The Charles T. Munger.’ Charlie countered with ‘The Aberration.’ We finally settled on ‘The Indefensible.‘”

—Warren Buffett

“Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.”

—Warren Buffett

“Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the like, these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the models. Beware of geeks bearing formulas.”

—Warren Buffett