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It's nice to have a lot of money, but you know, you don't want to keep it around forever. I prefer buying things. Otherwise, it's a little like saving sex for your old age.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
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Omaha
Nebraska
Warren Edward Buffett
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More quotes by Warren Buffett
Investment must be rational if you can't understand it, don't do it.
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If you lose money for the firm, I will be forgiving. If you lose reputation, I will be ruthless.
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I want to be able to explain my mistakes. This means I do only the things I completely understand.
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Never invest in a business you don't understand.
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People will always try to stop you from doing the right thing if it is unconventional.
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Failure comes from ego, greed, envy, fear, imitation. I have success not because I am smart, but because I am rational.
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I think that both parties should declare the debt limit as a political weapon of mass destruction which can't be used. I mean, it is silly to have a country that has 237 years building up its reputation and then have people threaten to tear it down because they're not getting some other matter.
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If I were the treasury secretary or head of the Fed, you know, I would try to scare the hell the out of the private sector and say, you better save this because you're going down with the ship.
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America should stand for more than just wealth.
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For some reason people take their cues from price action rather than from values. Price is what you pay. Value is what you get.
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