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Derivatives are financial weapons of mass destruction.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Destruction
Financial
Weapons
Mass
Buffets
Derivatives
Investing
More quotes by Warren Buffett
I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.
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A lot of great fortunes in the world have been made by owning a single wonderful business. If you understand the business, you don't need to own very many of them.
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If you hit a hole in one every hole, you wouldn’t play golf for very long.
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When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.
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Remember that the stock market is manic-depressive.
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Lethargy bordering on sloth remains the cornerstone of our investment style. The exception was Wells Fargo, a superbly-managed, high-return banking operation in which we increased our ownership to just under 10%, the most we can own without the approval of the Federal Reserve Board.
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The important thing is to keep playing, to play against weak opponents and to play for big stakes.
Warren Buffett
The only way to be loved is to be loveable, which really irritates me.
Warren Buffett
I don't need 15 houses. Owning real estate doesn't mean much to me. I don't like to think about things like that. I don't need 12 boats, or even the world's largest boat with a crew of 80. I'd have to take care of them, to worry about them. I get a lot more fun out of life without all the bells and whistles.
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The nature of democracy is such that when there's - there'll be revulsion, obviously, towards - that's never going to happen again.
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Buy companies with strong histories of profitability and with a dominant business franchise.
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Asset-heavy businesses generally earn low rates of return - rates that often barely provide enough capital to fund the inflationary needs of the existing business, with nothing left over for real growth, for distribution to owners, or for acquisition of new businesses
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I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here.
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It's easier to create money than to spend it.
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A newspaper that reduces its coverage of the news important to its community is certain to reduce its readership as well
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The much-maligned idle rich have received a bad rap: They have maintained their wealth while many There is scarcely an instance of a man who has made a fortune by speculation and kept it. Andrew Carnegie of the energetic rich, aggressive real estate operators, corporate acquirers, oil drillers, etc. have their fortunes disappear.
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Making money isn't the backbone of our guiding purpose it is the by-product of our guiding purpose.
Warren Buffett
What an investor needs is the ability to correctly evaluate selected businesses. Note that word “selected”: You don't have to be an expert on every company, or even many. You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important knowing its boundaries, however, is vital.
Warren Buffett
Other guys read Playboy. I read annual reports.
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The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.
Warren Buffett