Warren Buffett Accounting Quotes

#1. There is only one serious matter to be considered in life, and that is death.

Alexandre Dumas

#2. Managers thinking about accounting issues should never forget one of Abraham Lincoln's favorite riddles: How many legs does a dog have, if you call a tail a leg? The answer: Four, because calling a tail a leg doesn't make it a leg.

Warren Buffett

#3. In insurance, as elsewhere, the reaction of weak managements to weak operations is often weak accounting. ("It's difficult for an empty sack to stand upright.")

Warren Buffett

#4. Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.

Warren Buffett

#5. I've said that playing the blues is like having to be black twice. Stevie Ray Vaughan missed on both counts, but I never noticed.

B.B. King

#6. There's certainly more new SF available than when I started writing. That means there's also more bad SF available. Whether there is also more good is a matter for future historians of the field.

Alan Dean Foster

#7. To be successful, you should concentrate on the world of companies, not arcane accounting mathematics.

Warren Buffett

#8. Over the years, Charlie [Munger, Berkshire Hathaway Vice Chairman] and I have observed many accounting -based frauds of staggering size. Few of the perpetrators have been punished; many have not even been censured. It has been far safer to steal large sums with pen than small sums with a gun.

Warren Buffett

#9. Accounting is the language of business.

Warren Buffett

#10. In the long run managements stressing accounting appearance over economic substance usually achieve little of either.

Warren Buffett

#11. I had not to this time subsisted, but that I was supported by your frequent courtesies and favours.

Philip Massinger

#12. The reaction of weak management to weak operations is often weak accounting.

Warren Buffett

#13. On the whole 'blasphemy' has been a force for good in human history. It is part of the process by which millions of people have come to reject theocracy and think for themselves.

Katha Pollitt

#14. Today I am the greatest of all time.

Rickey Henderson

#15. Besyn larveth'is!

Patrick Weekes

#16. The theatre is a world in itself. The possibility for creating experiences that move people is increased many times over. In the end, the best stories are usually about a battle of good over evil - that has never changed.

Cat Stevens

#17. Rifle at Rylie. He stared at her down the barrel, meeting her reflective golden gaze. She was a beautiful wolf, much more slender than Jericho, and more

S.M. Reine

#18. Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to purchase $2 of earnings that is not reportable by us under standard accounting principles than to purchase $1 of earnings that is reportable.

Warren Buffett