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Diversification is protection against ignorance. It makes little sense if you know what you 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
Little
Diversification
Life
Buffets
Investing
Protection
Ignorance
Sense
Makes
Littles
More quotes by Warren Buffett
You don't need to have extraordinary effort to achieve extraordinary results. You just need to do the ordinary, everyday things exceptionally well.
Warren Buffett
The range of derivatives contracts is limited only by the imagination of man (or sometimes, so it seems, madmen). Say you want to write a contract speculating on the number of twins to be born in Nebraska in 2020. No problem-at a price, you will easily find an obliging counterparty.
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If you can't read the scoreboard. You don't know the score. If you don't know the score, you can't tell the winners from the losers.
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The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves - and the better the teacher, the better the student body.
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If you buy the things you don't need, you will soon be selling the things that you need.
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
Our approach is very much profiting from lack of change rather than from change.
Warren Buffett
My rather puritanical view is that any investment manager, whether operating as broker, investment counselor of a trust department, investment company, etc., should be willing to state unequivocally what he is going to attempt to accomplish and how he proposes to measure the extent to which he gets the job done.
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Businesses always have opportunities to improve service, product lines, manufacturing techniques, and the like, and obviously these opportunities should be seized. But a business that constantly encounters major change also encounters many chances for major error
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In fact, in my adult lifetime, I don't think I've ever seen people as fearful economically as they are right now.
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It is to our advantage to have securities do nothing price-wise for months, or perhaps years, while we are buying them.
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If you're in a card game and you can't figure out who the patsy is, you're it.
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If AIG had tried to unwind their derivatives books. I don't know. It would have hit every institution in the world.
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The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It's optimism that is the enemy of the rational buyer.
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Be brave when others are afraid, and afraid when others are brave.
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It's easier to create money than to spend it.
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When you listen to tax-cut rhetoric, remember that giving one class of taxpayer a break requires - now or down the line - that an equivalent burden be imposed on other parties. In other words, if I get a break, someone else pays. Government can't deliver a free lunch to the country as a whole. It can however, determine who pays for lunch.
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Let blockheads read what blockheads wrote.
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Sound investing can make you very wealthy if you're not in too big a hurry
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During inflation, Goodwill is the gift that keeps on giving.
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