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I wouldn’t mind going to jail if I had three cellmates who played bridge
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Three
Going
Mind
Bridge
Jail
Bridges
Played
Wouldn
More quotes by Warren Buffett
We're perfectly willing to trade away a big payoff for a certain payoff.
Warren Buffett
John Maynard Keynes essentially said, don't try and figure out what the market is doing. Figure out a business you understand, and concentrate.
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I have this complicated procedure I go through every morning, which is to look in the mirror and decide what I'm going to do. And I feel at that point, everybody's had their say.
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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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In the world of business, the people who are most successful are those who are doing what they love.
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We're paying maybe 25 percent of the income tax, but the payroll tax is over a third of the receipts of the federal government. And they don't take that from me on capital gains. They don't take that from me on dividends.
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When Berkshire buys common stock, we approach the transaction as if we were buying into a private business.
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Shares are not mere pieces of paper. They represent part ownership of a business. So, when contemplating an investment, think like a prospective owner.
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The same things happen to quite an extent around the globe. I mean, the European banks were doing what the American banks were.
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Over the years, a number of very smart people have learned the hard way that a long string of impressive numbers multiplied by a single zero always equals zero.
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I always invest in companies an idiot could run, because one day one will.
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There are certain things that cannot be adequately explained to a virgin either by words or pictures.
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We don't get paid for being busy, we get paid for being right.
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It's almost impossible to overpay the truly extraordinary CEO... but the species is rare.
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Either they're trying to con you or they're trying to con themselves.
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Enjoy your work and work for whom you admire.
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The value of a business is the cash it's going to produce in the future.
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If we start deciding, based on guesses or emotions, whether we will or won't participate in a business where we should have some long run edge, we're in trouble.
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I think the worst mistake you can make in stocks is to buy or sell based on current headlines.
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I mean the truth is, I've never had it so good in terms of taxes. I am paying the lowest tax rate that I've ever paid in my life.
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