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The reaction of weak management to weak operations is often weak accounting.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Business
Billionaire
Accounting
Reaction
Operations
Reactions
Management
Weak
Often

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In business, I look for economic castles protected by unbreachable 'moats'.
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Part of making good decisions in business is recognizing the poor decisions you've made and why they were poor. I've made lots of mistakes. I'm going to make more. It's the name of the game. You don't want to expect perfection in yourself. You want to strive to do your best. It's too demanding to expect perfection in yourself.
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If you're an investor, you're looking on what the asset is going to do, if you're a speculator, you're commonly focusing on what the price of the object is going to do, and that's not our game.
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I wouldn’t mind going to jail if I had three cellmates who played bridge
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Things you like to do should be a hobby of yours, but things the world does should be a business of yours.
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When investing, pessimism is your friend, euphoria the enemy.
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Stop trying to predict the direction of the stock market, the economy or elections.
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Time is the friend of the wonderful company, the enemy of the mediocre.
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Chains of habit are too light to be felt until they are too heavy to be broken.
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You can't buy what is popular and do well.
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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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