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If you buy things you do not need, soon you will have to sell things you need.
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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Buffets
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Sell
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More quotes by Warren Buffett
I look for businesses in which I think I can predict what they're going to look like in ten to fifteen years time. Take Wrigley's chewing gum. I don't think the internet is going to change how people chew gum.
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I think it will get moving faster. I mean once you get it off the - once credit flows - now the recession is going to get worse.
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Investors... can't pick stocks that are better than average. Stocks are a good thing to own over time. There's only two things you can do wrong: You can buy the wrong ones, and you can buy or sell them at the wrong time. And the truth is you never need to sell them.
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You can't help some increase from this point. I don't want any viewer to go away think a magic wand exists in Congress. So they're going to see some more bad news. But if we do this, we're doing the right thing.
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When they get their ego involved, people do things they shouldn't do.
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There is no substitute for a local newspaper that is doing its job.
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You should be unconcerned about short-term price action when you own the securities directly, just as you were unconcerned when you owned them indirectly through BPL. I think about them as businesses, not stocks, and if the business does all right over the long term, so will the stock.
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Time is your friend, impulse is your enemy. Take advantage of compound interest and don't be captivated by the siren song of the market.
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In fact, in my adult lifetime, I don't think I've ever seen people as fearful economically as they are right now.
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I think people - what people want to do is make [economy] get worse.
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I think the FDIC was one of the great inventions of the American.
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The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.
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Stocks of companies selling commodity-like products should come with a warning label: Competition may prove hazardous to human wealth.
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Beware [of] the investment activity that produces applause the great moves are usually greeted by yawns.
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Confidence is key. You're not going to put your money - you're not going to leave your money with me unless you're confident I'm going to give it back to you.
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Credit worthiness is like virginity, it can be preserved but not restored very easily, so it is crazy to play around with it.
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I have pledged - to you, the rating agencies and myself - to always run Berkshire with more than ample cash. We never want to count on the kindness of strangers in order to meet tomorrow's obligations. When forced to choose, I will not trade even a night's sleep for the chance of extra profits.
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Take the job you would take if you were independently wealthy. You're going to do well at it.
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Things you like to do should be a hobby of yours, but things the world does should be a business of yours.
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