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I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Brilliant
Buffets
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Businesses
Business
Stock
Running
Sooner
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Idiot
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Investment
More quotes by Warren Buffett
You should be unconcerned about short-term price action when you own the securities directly, just as you were unconcerned when you owned them indirectly through BPL. I think about them as businesses, not stocks, and if the business does all right over the long term, so will the stock.
Warren Buffett
This economy doesn't work well without the lubrication of credit and trust.
Warren Buffett
If you've got the power to raise prices without losing business to a competitor, you've got a very good business. And if you have to have a prayer session before raising the price by a tenth of a cent, then you've got a terrible business. I've been in both, and I know the difference.
Warren Buffett
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.
Warren Buffett
The capital gains tax is 15 percent now. So I sit there in my office and I make a lot of money by capital gains, and I pay 15 percent, and I pay no payroll tax on it.
Warren Buffett
When it's raining gold, reach for a bucket, not a thimble.
Warren Buffett
I find that the standard of living does not go up in proportion with the cost of living. The trick in life is to do things that are fun all the time.
Warren Buffett
Like I say, I don't think it'll be done perfectly. Maybe we'll end up with a little bit better [economy] system.
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All I have to do is think and not be influenced by others.
Warren Buffett
When asked how he became so successful in investing, Buffett answered: 'we read hundreds and hundreds of annual reports every year.
Warren Buffett
Charlie and I have a number of filters that things have to get through before we'll think about them.
Warren Buffett
We make investment decisions based on our evaluation of the most profitable combination of probabilities.
Warren Buffett
Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of even an outstanding company to catch up with the price they paid.
Warren Buffett
If you cannot control your emotions, you cannot control your money.
Warren Buffett
Honesty is a very expensive gift, Don't expect it from cheap people.
Warren Buffett
The dumbest reason in the world to buy a stock is because it's going up.
Warren Buffett
AIG would be doing fine today. It was one of the ten largest companies in the United States in terms of market value, over 200 billion, the most respected insurer and everything in the world.
Warren Buffett
Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the like, these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the models. Beware of geeks bearing formulas.
Warren Buffett
We don't have to be smarter than the rest. We have to be more disciplined than the rest.
Warren Buffett
You can't stand to see your neighbor getting rich. You know you're smarter than he is and he's doing these things and he's getting rich.
Warren Buffett
