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Always invest for the long term.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Term
Long
Always
Invest
Investing
More quotes by Warren Buffett
Charlie [Munger] and I are not big fans of resumes. Instead, we focus on brains, passion and integrity.
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I always invest in companies an idiot could run, because one day one will.
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Turnarounds seldom turn.
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Larger sums may be an advantage at some cases and a disadvantage at others.
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In business, I look for economic castles protected by unbreachable 'moats'.
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Derivatives are like sex. It's not who we're sleeping with, it's who they're sleeping with that's the problem.
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In the search [of a deal], we adopt the same attitude one might find appropriate in looking for a spouse: It pays to be active, interested, and open-minded, but it does not pay to be in a hurry.
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There seems to be some perverse human characteristic that likes to make easy things difficult.
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I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
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I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.
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I will do anything that is basically covered by the law to reduce Berkshire's tax rate. For example, on wind energy, we get a tax credit if we build a lot of wind farms. That's the only reason to build them. They don't make sense without the tax credit.
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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.
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Over the years, Charlie [Munger, Berkshire Hathaway Vice Chairman] and I have observed many accounting-based frauds of staggering size. Few of the perpetrators have been punished many have not even been censured. It has been far safer to steal large sums with pen than small sums with a gun.
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If you don't find a way to make money while you sleep, you will work until you die.
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Making money isn't the backbone of our guiding purpose it is the by-product of our guiding purpose.
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In a commodity business, it's very hard to be smarter than your dumbest competitor.
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Uncertainty is the friend of the buyer of long term values.
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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.
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The ideal business is one that earns very high returns on capital and that keeps using lots of capital at those high returns. That becomes a compounding machine.
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They [Goverment] take from the woman who comes in and takes the wastebaskets out.
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