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There are 309 million people out there that are trying to improve their lot in life. And we've got a system that allows them to do it.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Million
Millions
System
Trying
Life
People
Allows
Improve
More quotes by Warren Buffett
Honesty is a very expensive gift, Don't expect it from cheap people.
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The active investors will have their returns diminished by a far greater percentage than will their inactive brethren. That means that the passive group - the know-nothings - must win.
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My friends and I have been coddled long enough by a billionaire-friendly Congress.
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Gold has two significant shortcomings, being neither of much use nor procreative.
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Good profits simply are not inconsistent with good behavior.
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We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'
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I am not worried about the country. I'm just worried about anything that gums up the potential of the country. And right now, it's pretty gummed up.
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There is no staff. I make all the investment decisions and I do all my own analysis.
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The latter qualification brings to mind a fellow who applied for a job and stated he had twenty years of experience-which was corrected by a former employer to read one year's experience-twenty times.
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The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.
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At Berkshire, I both initiate and monitor every derivatives contract on our books ... If Berkshire ever gets in trouble, it will be my fault. It will not be because of the misjudgments made by a risk committee or chief risk officer.
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Our future rates of gain will fall far short of those achieved in the past. Berkshire's capital base is now simply too large to allow us to earn truly outsized returns. If you believe otherwise, you should consider a career in sales but avoid one in mathematics.
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If a business does well, the stock eventually follows.
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I always say that in investing you want to buy stock in a company that has a business that's so good that an idiot can run it, because sooner or later one will. We have a country like that.
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My job is essentially just corralling more and more and more facts and information, and occasionally seeing whether that leads to some action.
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You can't stand to see your neighbor getting rich. You know you're smarter than he is and he's doing these things and he's getting rich.
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Investing is simple, but not easy.
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The same things happen to quite an extent around the globe. I mean, the European banks were doing what the American banks were.
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If you expect to continue to purchase stocks throughout your life, you should welcome price declines as a way to add stocks more cheaply to your portfolio.
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Buy companies with strong histories of profitability and with a dominant business franchise.
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