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Only when you combine sound intellect with emotional discipline do you get rational behavior.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Investing
Rational
Intellect
Discipline
Behavior
Emotional
Sound
Buffets
Combine

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It is madness to risk losing what you need in pursuing what you simply desire.
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There are three kinds of people: 1. Innovators. 2. Imitators. 3. Idiots.
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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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The important thing is to keep playing, to play against weak opponents and to play for big stakes.
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I've argued with the senators and congressmen I've talked to. You don't want to be too little too late. If you buy them at the right price, you may be buying two trillion of face value.
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You are lucky in life if you have the right heroes. I advise all of you, to the extent you can, to pick out a few heroes
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When you listen to tax-cut rhetoric, remember that giving one class of taxpayer a break requires - now or down the line - that an equivalent burden be imposed on other parties. In other words, if I get a break, someone else pays. Government can't deliver a free lunch to the country as a whole. It can however, determine who pays for lunch.
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In a bull market, one must avoid the error of the preening duck that quacks boastfully after a torrential rainstorm, thinking that its paddling skills have caused it to rise in the world. A right-thinking duck would instead compare its position after the downpour to that of the other ducks on the pond.
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The managers at fault periodically report on the lesson they have learned from the latest disappointment. They then usually seek out future lessons.
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Working with people who cause your stomach to churn seems much like marrying for money - probably a bad idea under any circumstances, but absolute madness if you are already rich.
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Other guys read Playboy. I read annual reports.
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You don't want 300 million Americans putting their money under the mattress.
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If you don't make mistakes you can't make decisions.
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Let blockheads read what blockheads wrote.
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