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You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Unless
Control
Keep
Time
Agenda
Life
Agendas
People
Empowering
Gotta
Investing
More quotes by Warren Buffett
We are in effect making a - to some extent, making a choice between future inflation and getting our - getting off the floor. And we're likely - we're likely to have more inflation in the future as a consequence of the things we do to fight the present situation.
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What's going to happen - things we're doing are going to have some inflationary consequences.
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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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Working with people who cause your stomach to churn seems much like marrying for money - probably a bad idea under any circumstances, but absolute madness if you are already rich.
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When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
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A pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons: First, many in Wall Street (a community in which quality control is not prized) will sell investors anything they will buy. Second, speculation is most dangerous when it looks easiest.
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Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.
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So smile when you read a headline that says Investors lose as market falls. Edit it in your mind to Disinvestors lose as market falls-but investors gain. Though writers often forget this truism, there is a buyer for every seller and what hurts one necessarily helps the other. (As they say in golf matches: Every putt makes someone happy.
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If you expect to continue to purchase stocks throughout your life, you should welcome price declines as a way to add stocks more cheaply to your portfolio.
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Writing a check separates a commitment from a conversation.
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Continually challenge and be willing to amend your best loved ideas.
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Read 500 pages every day. That's how knowledge works. It builds up like compound interest.
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What you really want to do in investments is figure out what's important and knowable. If it's unimportant or unknowable you forget about it.
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There is no staff. I make all the investment decisions and I do all my own analysis.
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Outstanding long-term results are produced primarily by avoiding dumb decisions, rather than by making brilliant ones.
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It's just that right now the athlete's on the floor. But we - this is a super athlete.
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Money will always flow toward opportunity, and there is an abundance of that in America.
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If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes.
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Take the probability of loss times the amount of possible loss from the probability of gain times the amount of possible gain. That is what we're trying to do. It's imperfect, but that's what it's all about.
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