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At Berkshire, I both initiate and monitor every derivatives contract on our books ... If Berkshire ever gets in trouble, it will be my fault. It will not be because of the misjudgments made by a risk committee or chief risk officer.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
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Omaha
Nebraska
Warren Edward Buffett
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More quotes by Warren Buffett
The ideal business is one that earns very high returns on capital and that keeps using lots of capital at those high returns. That becomes a compounding machine.
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There seems to be some perverse human characteristic that likes to make easy things difficult.
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You're neither right nor wrong because other people agree with you. You're right because your facts are right and your reasoning is right - that's the only thing that makes you right. And if your facts and reasoning are right, you don't have to worry about anybody else.
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Investors have to remember: corporate profits are going up, but stocks are going up faster. How can that continue indefinitely? Investors can only earn what companies themselves can earn the government or the markets themselves don't kick anything in. How can you get anything more out of a farm than what it grows?
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It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
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I certainly do believe anyone engaged in the management of money should have a standard of measurement, and that both he and the party whose money is managed should have a clear understanding why it is the appropriate standard, what time period should be utilized, etc.
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I prefer liquor store robbers with hungry kids to companies that locate offshore to avoid U.S. taxes.
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Investment philosophy is the clear understanding that by owning shares of stocks he owns businesses, not pieces of paper.
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Tell me your heroes and I'll tell you how your life will end up
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When forced to choose, I will not trade even a night's sleep for the chance of extra profits.
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We still find very few [stocks] that even mildly interest us. That dismal fact is testimony to the insanity of valuations reached during The Great Bubble. Unfortunately, the hangover may prove to be proportional to the binge.
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Wild swings in share prices have more to do with the lemming- like behaviour of institutional investors than with the aggregate returns of the company they own.
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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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Two rules: 1. Preserve the principal 2. When in doubt, see Rule #1.
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With each investment you make, you should have the courage and the conviction to place at least ten per cent of your net worth in that stock
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I made my first investment at age eleven. I was wasting my life up until then.
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