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If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
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Patsy
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Buffets
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More quotes by Warren Buffett
If at first you do succeed, quit trying on investing.
Warren Buffett
We are trading away a little bit of our country all the time for this access consumption that we have over what we've produced. That is not good. I think it's terrible over time. But our country's productive grows enough so we actually can do that, and we'll still be better off. We just don't be as well off as if we hadn't done it.
Warren Buffett
Investors... can't pick stocks that are better than average. Stocks are a good thing to own over time. There's only two things you can do wrong: You can buy the wrong ones, and you can buy or sell them at the wrong time. And the truth is you never need to sell them.
Warren Buffett
I don't think it would be crazy to have a model or an entity model on the Reconstruction Finance Corp.
Warren Buffett
I'll bring my tax returns you bring yours. I'll meet you anytime anywhere.
Warren Buffett
The truth is, everything that has happened in my life... that I thought was a crushing event at the time, has turned out for the better.
Warren Buffett
I would say the most satisfying thing actually is watching my three children each pick up on their own interests and work many more hours per week than most people that have jobs at trying to intelligently give away that money in fields that they particularly care about.
Warren Buffett
It's easy to identify many investment managers with great recent records. But past results, though important, do not suffice when prospective performance is being judged. How the record has been achieved is crucial.
Warren Buffett
I mean there is no capital requirements to it or anything of the sort. And basically, I said there were possibly financial weapons of mass destruction, and they had them. They destroyed AIG. They certainly contributed to the destruction of Bear Sterns and Lehman. Although Lehman had other problems, too.
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For some reason people take their cues from price action rather than from values. Price is what you pay. Value is what you get.
Warren Buffett
Lethargy, bordering on sloth should remain the cornerstone of an investment style.
Warren Buffett
You pay a very high price in the stock market for a cheery consensus.
Warren Buffett
If horses had controlled investment decisions, there would have been no auto industry.
Warren Buffett
Stocks of companies selling commodity-like products should come with a warning label: Competition may prove hazardous to human wealth.
Warren Buffett
The dominant factors affecting control valuations are earning power (past and prospective) and asset values.
Warren Buffett
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.
Warren Buffett
You only have to do a very few things right in your life so long as you don't do too many things wrong.
Warren Buffett
Bad terminology is the enemy of good thinking.
Warren Buffett
In the business world, the rearview mirror is always clearer than the windshield.
Warren Buffett
Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.
Warren Buffett