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I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
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Omaha
Nebraska
Warren Edward Buffett
Five
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More quotes by Warren Buffett
I think you are out of your mind if you keep taking jobs that you don't like because you think it will look good on your resume. Isn't that a little like saving up sex for your old age?
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You have to turn over a lot of rocks to find those little anomalies. You have to find the companies that are off the map - way off the map.
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You have to be able to communicate in life and probably schools underemphasize that. If you can't talk to people or write, you're giving up your potential.
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Success in investing doesn’t correlate with I.Q. Once you are above the level of 25 once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.
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Read Ben Graham and Phil Fisher read annual reports, but don't do equations with Greek letters in them.
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Look for 3 things in a person. Intelligence, Energy, & Integrity. If they don't have the last one, don't even bother with the first two.
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Every company that has an economist working for him has one employee too many.
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If I taught a class, on my final exam I would take an Internet company and ask, 'How much is this company worth?' Anyone who would answer, I would flunk.
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Whatever you like to do, make it a hobby and whatever the world likes to do, make it a business.
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A CEO's behavior has a huge impact on managers down the line.
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We only want to link up with people whom we like, admire, and trust. ... We do not wish to join with managers who lack admirable qualities, no matter how attractive the prospects of their business. We've never succeeded in making a good deal with a bad person.
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If, when making a stock investment, you're not considering holding it at least ten years, don't waste more than ten minutes considering it.
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We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
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I would say the biggest single cause was we had an incredible residential real estate bubble.
Warren Buffett
Gold is a way of going long on fear, and it has been a pretty good way of going long on fear from time to time. But you really have to hope people become more afraid in a year or two years than they are now. And if they become more afraid you make money, if they become less afraid you lose money, but the gold itself doesn’t produce anything.
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A single year's performance is of minor importance and, good or bad, should never be taken seriously.
Warren Buffett
So if you are evaluating others (or yourself!) in the investment field, think out some standards - apply them - interpret them.
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... the best way to own common stocks is through an index fund.
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The greater the potential for reward in the value portfolio, the less risk there is.
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Somebody's buying these treasury bills at 1/20th of one percent. Consuming about $2 billion a day of goods and services beyond what we're producing. In other words, the rest of the world sends about $2 billion a day net of something.We got to send them something in return, don't we. So we send them little pieces of paper.
Warren Buffett