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Wide diversification is only required when investors do not understand what they are doing.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Success
Buffets
Understand
Investors
Business
Required
Investing
Diversity
Investment
Wide
Intelligent
Diversification

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Over the years, a number of very smart people have learned the hard way that a long string of impressive numbers multiplied by a single zero always equals zero.
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The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.
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I think that actually people in my situation should be paying more tax.
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The dominant factors affecting control valuations are earning power (past and prospective) and asset values.
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I wouldn’t mind going to jail if I had three cellmates who played bridge
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I'm the luckiest guy in the world in terms of what I do for a living. No one can tell me to do things I don't believe in or things I think are stupid.
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While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks.
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Enjoy your work and work for whom you admire.
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There is nothing like writing to force you to think and get your thoughts straight.
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Beware of geeks bearing formulas.
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The less prudence with which others conduct their affairs, the greater the prudence with which we should conduct our own affairs.
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We have usually made our best purchases when apprehensions about some macro event were at a peak. Fear is the foe of the faddist, but the friend of the fundamentalist.
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Money will not change how healthy you are or how many people love you.
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The best education you can get is investing in yourself, and that doesn't mean college or university.
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In some corner of the world they are probably still holding regular meetings of the Flat Earth Society. We derive no comfort because important people, vocal people, or great numbers of people agree with us. Nor do we derive comfort if they don't.
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It's never paid to bet against America. We come through things, but its not always a smooth ride.
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I have an 800 freephone number now that I call if I get the urge to buy an airline stock. I call at two in the morning and I say: My name is Warren and I'm an aeroholic. And then they talk me down.
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Risk can be greatly reduced by concentrating on only a few holdings.
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A public-opinion poll is no substitute for thought.
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If you have a harem of 40 women, you never get to know any of them very well.
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