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Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
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Shareholder
Omaha
Nebraska
Warren Edward Buffett
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Inflation
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If you buy the things you don't need, you will soon be selling the things that you need.
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I do not like debt and do not like to invest in companies that have too much debt, particularly long-term debt. With long-term debt, increases in interest rates can drastically affect company profits and make future cash flows less predictable.
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Don't pass up something that's attractive today because you think you will find something way more attractive tomorrow.
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Equities will do well over time - you just have to avoid getting excited when other people are getting excited.
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You will be right, over the course of many transactions, if your hypotheses are correct, your facts are correct, and your reasoning is correct. True conservatism is only possible through knowledge and reason.
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All day you wait for the pitch you like then when the fielders are asleep, you step up and hit it.
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When Berkshire buys common stock, we approach the transaction as if we were buying into a private business.
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Money to some extent sometimes let you be in more interesting environments. But it can't change how many people love you or how healthy you are.
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