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I like to go for cinches. I like to shoot fish in a barrel. But I like to do it after the water has run out.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Like
Barrel
Barrels
Shoot
Fish
Fishes
Water
Business
Running

More quotes by Warren Buffett

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You're neither right nor wrong because other people agree with you. You're right because your facts are right and your reasoning is right - that's the only thing that makes you right. And if your facts and reasoning are right, you don't have to worry about anybody else.
Warren Buffett
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On his Giving Pledge philanthropy: The way I got the message out was to get a copy of FORBES, look down that 400 list and start making phone calls! Bill and Melinda [Gates] did the same thing. So keep publishing the list so I can milk it.
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How do you beat Bobby Fischer? You play him at any game but chess. I try to stay in games where I have an edge.
Warren Buffett
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The future is never clear you pay a very high price in the stock market for a cheery consensus. Uncertainty actually is the friend of the buyer of long-term values.
Warren Buffett
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Does the business have a consistent operating history?
Warren Buffett
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My net worth is the market value of holdings less the tax payable upon sale. The liability is just as real as the asset unless the value of the asset declines (ouch), the asset is given away (no comment), or I die with it. The latter course of action would appear to at least border on a Pyrrhic victory.
Warren Buffett
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I can do anything I want, basically, as long as it doesn't involve athletic ability, or something like that.
Warren Buffett
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If you buy things you do not need, soon you will have to sell things you need.
Warren Buffett
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We still find very few [stocks] that even mildly interest us. That dismal fact is testimony to the insanity of valuations reached during The Great Bubble. Unfortunately, the hangover may prove to be proportional to the binge.
Warren Buffett
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The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.
Warren Buffett
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At Berkshire, I both initiate and monitor every derivatives contract on our books ... If Berkshire ever gets in trouble, it will be my fault. It will not be because of the misjudgments made by a risk committee or chief risk officer.
Warren Buffett
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The greatest investment a young person can make is in their own education, in their own mind. Because money comes and goes. Relationships come and go. But what you learn once stays with you forever.
Warren Buffett
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Gold is a way of going long on fear, and it has been a pretty good way of going long on fear from time to time. But you really have to hope people become more afraid in a year or two years than they are now. And if they become more afraid you make money, if they become less afraid you lose money, but the gold itself doesn’t produce anything.
Warren Buffett
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In a difficult business, no sooner is one problem solved than another surfaces - never is there just one cockroach in the kitchen.
Warren Buffett
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The secret to happiness is having low expectations.
Warren Buffett
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We make investment decisions based on our evaluation of the most profitable combination of probabilities.
Warren Buffett
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He must never forget Charlie's plea: Tell me where I'm going to die, so I'll never go there.
Warren Buffett
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It is unquestionably true that the investment companies have their money more conventionally invested than we do. To many people conventionality is indistinguishable from conservatism. In my view, this represents erroneous thinking. Neither a conventional nor an unconventional approach, per se, is conservative.
Warren Buffett
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It isn't given to man to be able to run a financial institution where different interest-rate scenarios will prevail on all of that so as to produce kind of smooth, regular earnings from a very large base to start with.
Warren Buffett
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Gold has two significant shortcomings, being neither of much use nor procreative.
Warren Buffett