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Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Beginning
Numbers
Understand
Valuation
Business
Billionaire
Ends
Accounting
Must
Alike
Investors
Managers

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Trust is like the air we breathe--when it's present, nobody really notices when it's absent, everybody notices.
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Writing a check separates a commitment from a conversation.
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I always invest in companies an idiot could run, because one day one will.
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If, when making a stock investment, you're not considering holding it at least ten years, don't waste more than ten minutes considering it.
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The American worker is more productive than he's ever been.
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If you want to shoot rare, fast-moving elephants, you should always carry a loaded gun.
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Diversification is protection against ignorance. It makes little sense if you know what you are doing.
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It's better to build than to buy if you can find the right people.
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If you cannot control your emotions, you cannot control your money.
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Equities will do well over time - you just have to avoid getting excited when other people are getting excited.
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I look at everything. That's my job. I really do, every day. I think about everything.
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We try to buy businesses with good-to-superb underlying economics run by honest and able people and buy them at sensible prices. That's all I'm trying to do.
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If book knowledge made great investors, than the librarians would all be rich.
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I think you are out of your mind if you keep taking jobs that you don't like because you think it will look good on your resume. Isn't that a little like saving up sex for your old age?
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Our stay-put behavior reflects our view that the stock market serves as a relocation center at which money is moved from the active to the patient.
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It will be good for us in the long run, and I mean there are, you know, six and a half billion people in this world. And it's great for 300 million to keep enjoying more and more property, but I think it's terrific if, you know, the remainder do.
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