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Stop trying to predict the direction of the stock market, the economy or elections.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Stop
Predict
Trying
Elections
Stock
Investing
Direction
Market
Election
Economy
Buffets
More quotes by Warren Buffett
I would push purchasing power - you push out $1,000 of purchasing to those people, it's going to get - it's going to get spent. And it needs to be spent. They need it. And it should come, to some extent, from guys like me.
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I would say the biggest single cause was we had an incredible residential real estate bubble.
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When a management with reputation for brilliance gets hooked up with a business with a reputation for bad economics, it's the reputation of the business that remains intact.
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People will always try to stop you from doing the right thing if it is unconventional.
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If you have more than 120 or 130 I.Q. points, you can afford to give the rest away. You don't need extraordinary intelligence to succeed as an investor.
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Shares are not mere pieces of paper. They represent part ownership of a business. So, when contemplating an investment, think like a prospective owner.
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Although we deal with probabilities and expectations, the actual results can deviate substantially from such expectations, particularly on a short-term basis.
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it's a good idea to review past mistakes before committing new ones.
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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.
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Investing is laying out money now to get more money back in the future.
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Like most trends, at the beginning it's driven by fundamentals, at some point speculation takes over. What the wise man does in the beginning, the fool does in the end.
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Take Wrigley's Chewing Gum. I don't think the Internet is going to change how people chew gum.
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I've never been very fully employed either.
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We would do best in a market where everyone acted foolishly.
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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.
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It is easier to rationalize than it is to be rational.
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I think that trying to invest through 535 people is a tough job, you know, and so I would give more latitude.
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If I subscribed to the efficient market theory I would still be delivering papers
Warren Buffett
There is no perfect mathematical formula for pricing a business.
Warren Buffett
We have a country where I don't know whether it's a million households a year or more, but good form.
Warren Buffett