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I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Sitting
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Anytime
Ends
Deficit
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More quotes by Warren Buffett
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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Look at market fluctuations as your friend rather than your enemy profit from folly rather than participate in it.
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In investing, just as in baseball, to put runs on the scoreboard, one must watch the playing field, not the scoreboard.
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Investment must be rational if you can't understand it, don't do it.
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The trick is, when there is nothing to do, do nothing.
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Be brave when others are afraid, and afraid when others are brave.
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Government can't deliver a free lunch to the country as a whole. It can, however, determine who pays for lunch. And last week the Senate handed the bill to the wrong party... the poor and middle class.
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In a commodity business, it's very hard to be smarter than your dumbest competitor.
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We do not have, nor have had, and never will have an opinion about where the stock market, interest rates, or business activity will be a year from now.
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Truly conservative actions arise from intelligent hypotheses, correct facts and sound reasoning.
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People always ask me where they should go to work, and I always tell them to go to work for whom they admire the most.
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I think the worst mistake you can make in stocks is to buy or sell based on current headlines.
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Let blockheads read what blockheads wrote.
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Inactivity strikes us as intelligent behavior.
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We make investment decisions based on our evaluation of the most profitable combination of probabilities.
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Wall Street makes its money on activity. You make your money on inactivity.
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Of one thing be certain: if a CEO is enthused about a particularly foolish acquisition, both his internal staff and his outside advisors will come up with whatever projections are needed to justify his stance. Only in fairy tales are emperors told that they are naked.
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Take the job you would take if you were independently wealthy. You're going to do well at it.
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What the wise do in the beginning, fools do in the end.
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The most important investment you can make is in yourself... nobody can tax it or take it away from you.
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