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Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Constantly
Buffets
Success
Attributed
Cannot
Resist
Much
Investors
Temptation
Investing
Sell
Sells
Inactivity
More quotes by Warren Buffett
Very successful people say no to almost everything.
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America should stand for more than just wealth.
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I think the most important factor in getting out of the recession actually is just the regenerative capacity of - of American capitalism.
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I will do anything that is basically covered by the law to reduce Berkshire's tax rate. For example, on wind energy, we get a tax credit if we build a lot of wind farms. That's the only reason to build them. They don't make sense without the tax credit.
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The obligation of a society as prosperous as ours is to figure out how nobody gets left too far behind.
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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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People went crazy with tulip bulbs. They went crazy with the South Sea Bubble, they went crazy internet stocks, they went crazy with the uranium stocks back when I was first getting started.
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When you build a bridge, you insist that it can carry 30,000 pounds, but you only drive 10,000-pound trucks across it. And that same principle works in investing.
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In the financial markets I find it easy to predict what will happen and very difficult to predict when it will happen. I think that things were clear during the bubble as to what would happen eventually.
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A CEO's behavior has a huge impact on managers down the line.
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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 our view, derivatives are financial weapons of mass destruction carrying dangers that, while latent, are potentially lethal.
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Does the business have a consistent operating history?
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You don't ever ask a barber whether you need a haircut.
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Calculate owner earnings to get a true reflection of value.
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Possessing a powerful worldwide brand is essential for sustained success.
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Asking for financial advice from a financial planner is like asking a barber if you need a hair cut.
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You can lose leverage, and it's the only way a smart guy can go broke.
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