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I'll tell you why I like the cigarette business. It cost a penny to make. Sell it for a dollar. It's addictive. And there's a fantastic brand loyalty.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Sells
Tobacco
Fantastic
Cigarette
Dollars
Dollar
Cost
Brand
Business
Brands
Tell
Smoking
Addictive
Make
Loyalty
Penny
Like
Sell
Pennies
More quotes by Warren Buffett
Forecasts may tell you a great deal about the forecaster they tell you nothing about the future.
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House prices just soared beyond - beyond reason in many places and they got financed in silly ways, and people lied about loans, all kinds of accesses entered into it. But that is what - that is the single biggest cause of why we're here.
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I think the FDIC was one of the great inventions of the American.
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Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.
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I'm putting all my money in the Chinese toy market.
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When you get to my age, you’ll measure your success in life by how many of the people you want to have love you actually do love you. That’s the ultimate test of how you’ve lived your life.
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There are certain things that cannot be adequately explained to a virgin either by words or pictures.
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Wall Street makes its money on activity. You make your money on inactivity.
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When the brothel burns down, even the pretty girls have to run out.
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If you want a government that's going to do the things we ask our government to do, you've got to get it from somebody.
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To be successful, you should concentrate on the world of companies, not arcane accounting mathematics.
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It is not necessary to do extraordinary things to get extraordinary results.
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Our goal is to find an outstanding business at a sensible price, not a mediocre business at a bargain price.
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We do not have, nor have had, and never will have an opinion about where the stock market, interest rates, or business activity will be a year from now.
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I think that both parties should declare the debt limit as a political weapon of mass destruction which can't be used. I mean, it is silly to have a country that has 237 years building up its reputation and then have people threaten to tear it down because they're not getting some other matter.
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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.
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What the human being is best at doing is interpreting all new information so that their prior conclusions remain intact.
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SUPPOSE that an investor you admire and trust comes to you with an investment idea. This is a good one, he says enthusiastically. I'm in it, and I think you should be, too.
Warren Buffett
Let blockheads read what blockheads wrote.
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Our favorite holding period is forever.
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