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They say the chains of habit are too light to be felt until they are too heavy to be broken. The chains you put around yourself now have enormous consequences as you go through 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
Business
Felt
Chains
Around
Consequences
Light
Enormous
Life
Consequence
Heavy
Habit
Broken
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Money will not change how healthy you are or how many people love you.
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The Noah rule: Predicting rain doesn't count building arks does.
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The true investor welcomes volatility ... a wildly fluctuating market means that irrationally low prices will periodically be attached to solid businesses.
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Focus on return on equity, not earnings per share.
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Confidence is key. You're not going to put your money - you're not going to leave your money with me unless you're confident I'm going to give it back to you.
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I think the FDIC was one of the great inventions of the American.
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When you build a bridge, you insist that it can carry 30,000 pounds, but you only drive 10,000-pound trucks across it. And that same principle works in investing.
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We can afford to lose money - even a lot of money. But we can't afford to lose reputation - even a shred of reputation.
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Failure comes from ego, greed, envy, fear, imitation. I have success not because I am smart, but because I am rational.
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We always see shifts in employment. If you think about it, if you go back to 1800, it took 80 percent of the labor force to produce enough food for the country. Now it takes less than 3 percent. Well, the truth is that market systems move people around.
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If you don't make mistakes you can't make decisions.
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Paradoxically, when 'dumb' money acknowledges its limitations, it ceases to be dumb.
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It's never paid to bet against America. We come through things, but its not always a smooth ride.
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Remember that the stock market is manic-depressive.
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You do not adequately protect yourself by being half awake when other are sleeping.
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