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Too often, a vast collection of possessions ends up possessing its owner. The asset I most value, aside from health, is interesting, diverse, and long-standing friends.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
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Omaha
Nebraska
Warren Edward Buffett
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Buffets
More quotes by Warren Buffett
The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.
Warren Buffett
Uncertainty is the friend of the buyer of long term values.
Warren Buffett
I wouldn’t mind going to jail if I had three cellmates who played bridge
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I did not think I would see the day when, you know, an AIG would not be able to have its checks clear.
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Diversification is protection against ignorance. It makes little sense if you know what you are doing.
Warren Buffett
Lethargy bordering on sloth remains the cornerstone of our investment style. The exception was Wells Fargo, a superbly-managed, high-return banking operation in which we increased our ownership to just under 10%, the most we can own without the approval of the Federal Reserve Board.
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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.
Warren Buffett
We look for things I can understand. A lot of businesses I don't understand.
Warren Buffett
The extraordinary business does not require good management.
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There is no perfect mathematical formula for pricing a business.
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I learned to go into business only with people whom I like, trust, and admire.
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Never invest in a business you don't understand.
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We always live in an uncertain world. What is certain is that the United States will go forward over time.
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I have a house that I bought 55 years ago. It's warm in the winter it's cool in the summer. It has everything I wanted, plus it has all kinds of good memories. Like my kids, I have good thoughts about that. I can't imagine living any better.
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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.
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We like to buy businesses, but we don't like to sell them.
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If I subscribed to the efficient market theory I would still be delivering papers
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The fundamental basis of above-average performance in the long run is sustainable competitive advantage.
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You don't ever ask a barber whether you need a haircut.
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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.
Warren Buffett