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Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Rise
Sellers
Seeing
Stocks
Happy
Sinking
Future
Equity
Much
Prices
Investing
Equities
Prefer
Purchasers
Near
Prospective
More quotes by Warren Buffett
I like to buy things I can understand. I do a lot of research on things.
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The truth is, everything that has happened in my life... that I thought was a crushing event at the time, has turned out for the better.
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I’ve worked in an economy that rewards someone who saves the lives of others on a battlefield with a medal, rewards a great teacher with thank-you notes from parents, but rewards those who can detect the mispricing of securities with sums reaching into the billions.
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I think once you start putting phony figures into financial statements, you get in a lot of trouble. And we've seen so much of that in the last 20 years.
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It's easier to create money than to spend it.
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Too often, a vast collection of possessions ends up possessing its owner.
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You shouldn't own common stocks if a 50 per cent decrease in their value in a short period of time would cause you acute distress.
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The [stock] market,like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do.
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Do what you love and work for whom you admire the most, and you've given yourself the best chance in life you can.
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Our system works. Over time, people will live better and better. We have a system that unleashes human potential, and now China has a system that unleashes human potential. We will have interruptions. We overshoot and undershoot sometimes, but your kids and grandkids will live better than you. Over time, we move ahead at a pretty damn rapid rate.
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The critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price.
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With a wonderful business, you can figure out what will happen you can't figure out when it will happen. You don't want to focus on when, you want to focus on what. If you're right about what, you don't have to worry about when
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There is no perfect mathematical formula for pricing a business.
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Asking for financial advice from a financial planner is like asking a barber if you need a hair cut.
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The best investment you can make is in yourself.
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When they get their ego involved, people do things they shouldn't do.
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You don't ever ask a barber whether you need a haircut.
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Mark Zuckerberg will be a hero to many young entrepreneurs 20 years from now. Bill Gates will be a hero to others, and they will look to those [people] like I read books when I was in my teens about Rockefeller or Carnegie.
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I asked him what he wanted to do for his career, and he replied that he wanted to go into a particular field, but thought he should work for McKinsey for a few years first to add to his resume. To me that's like saving sex for your old age. It makes no sense.
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You pay a very high price in the stock market for a cheery consensus.
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