"You should always adapt your consumption to your income β you shouldn't try and adjust your income to your consumption. That's a basic principle for individuals, businesses, and everything else."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Warren Buffett, (quote at 27:43 of 2:00:57)
https://en.wikiquote.org/wiki/Consumption_(economics)
Revision History
No revisions have been submitted for this quote.
Categories
Consumption (economics)
12 quotes on TrueQuotesView all quotes by Consumption (economics) β
Related Quotes
"If we all took only what was necessary to satisfy our own needs, giving the rest to those who lack, no one would be rβ¦"
"Some device has been concocted by the devil, suggesting innumerable spending opportunities to the wealthy, so that thβ¦"
"Instead of resolving the problems of the poor and thinking of how the world can be different, some can only propose aβ¦"
"Consumption is encouraged by government, business, and even our social leaders. It teaches children the wrong values,β¦"
"Why do you spend your money for that which is not bread, and your labor for that which does not satisfy?"
"People in eastern Congo are massacred to facilitate smart phone upgrades of ever diminishing marginal utility. Forestβ¦"
"When our pauper was rich, did he perform any of the useful social functions we've just mentioned simply by spending hβ¦"
"Since consumption is merely a means to human well-being, the aim should be to obtain the maximum of well-being with tβ¦"
"It is the expensiveness of our pleasures that makes the world poor and keeps us poor in ourselves. If we could but leβ¦"
"Leisure held the first place at the start, and came to hold a rank very much above wasteful consumption of goods. ...β¦"