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There is no perfect mathematical formula for pricing a business.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Perfect
Business
Pricing
Formula
Formulas
Mathematical
More quotes by Warren Buffett
Do not save what is left after spending, but spend what is left after saving.
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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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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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If you do smart things and use leverage and do one wrong thing along the way, it could wipe you out, because anything times zero is zero. But it's reinforcing when the people around you are doing it successfully, you're doing it successfully, and it's a lot like Cinderella at the ball.
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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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The patient that's on the floor with the cardiac arrest is not Wall Street. It's the American economy.
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Continually challenge and be willing to amend your best loved ideas.
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You know, with your money and my brains, I mean, there's no telling how far we'd go.
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A low-cost index fund is the most sensible equity investment for the great majority of investors. My mentor, Ben Graham, took this position many years ago, and everything I have seen since convinces me of its truth.
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Traditional wisdom is long on tradition and short on wisdom.
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The greatest Enemies of the Equity investor are Expenses and Emotions.
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We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II.
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The reaction of weak management to weak operations is often weak accounting.
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If a business does well, the stock eventually follows.
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I'm putting all my money in the Chinese toy market.
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When it's raining gold, reach for a bucket, not a thimble.
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If you can tell me who your heroes are, I can tell you how you're going to turn out in life.
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We continue to make more money when snoring than when active.
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A contrarian approach is just as foolish as a follow-the-crowd strategy. What's required is thinking rather than polling.
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I'm always interested in understanding the math of things and understanding as much as I can about all aspects of business. And what I learn today may be useful to me two years from now. That's really the wonderful thing about investments is your knowledge is cumulative.
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