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We intend to continue our practice of working only with people whom we like and admire. This policy not only maximizes our chances for good results, it also ensures us an extraordinarily good time.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
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Generosity
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There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.
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The most important quality for an investor is temperament, not intellect.
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I can't promise results, but I can promise a common destiny.
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I think confidence will come back.
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My favorite time frame for holding a stock is forever.
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Is management candid with the shareholders?
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Would your reply possibly be this? Well, it all depends on what my tax rate will be on the gain you're saying we're going to make. If the taxes are too high, I would rather leave the money in my savings account, earning a quarter of 1 percent. Only in Grover Norquist's imagination does such a response exist.
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I know what I want to do and it makes sense to get going.
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My rather puritanical view is that any investment manager, whether operating as broker, investment counselor of a trust department, investment company, etc., should be willing to state unequivocally what he is going to attempt to accomplish and how he proposes to measure the extent to which he gets the job done.
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If you buy things you do not need, soon you will have to sell things you need.
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Trust is like the air we breathe--when it's present, nobody really notices when it's absent, everybody notices.
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Look at market fluctuations as your friend rather than your enemy profit from folly rather than participate in it.
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I do know that when I am 60, I should be attempting to achieve different personal goals than those which had priority at age 20.
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The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table.
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In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
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I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here.
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You don't want 300 million Americans putting their money under the mattress.
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