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We will only do with your money what we would do with our own.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Investing
Money
Would
More quotes by Warren Buffett
Banking is very good business if you don't do anything dumb.
Warren Buffett
I do not like debt and do not like to invest in companies that have too much debt, particularly long-term debt. With long-term debt, increases in interest rates can drastically affect company profits and make future cash flows less predictable.
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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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The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.
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Risk comes from not knowing what you are doing so wide diversification is only required when investors are ignorant. You only have to do a very few things in your life so long as you don't do too many things wrong.
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The important thing is to keep playing, to play against weak opponents and to play for big stakes.
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I bought a company in the mid-90s called Dexter Shoe and paid $400 million for it. And it went to zero. And I gave about $400 million worth of Berkshire stock, which is probably now worth $400 billion. But I've made lots of dumb decisions. That's part of the game.
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Other guys read Playboy. I read annual reports.
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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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In earlier years, a lesser effort produced literally dozens of comparable opportunities. It is difficult to be objective about the causes for such diminution of one's own productivity. Three factors that seem apparent are: (1) a somewhat changed market environment (2) our increased size and (3) substantially more competition.
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We look for things I can understand. A lot of businesses I don't understand.
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The American worker is more productive than he's ever been.
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The 19th century belonged to England, the 20th century belonged to the U.S., and the 21st century belongs to China. Invest accordingly.
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Investing requires qualities of temperament way more than it requires qualities of intellect.
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One’s objective should be to get it right, get it quick, get it out and get it over. Your problem won’t improve with age.
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The truth is that I've got all my net worth safely in Berkshire and I will never sell a share so there is no one more concerned about what happens after my death than I am.
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The extraordinary business does not require good management.
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Inflation could be a very - is a likely consequence out of what's going on now.
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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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Anyone who believes a growth rate in excess of 15% per annum over the long term is attainable should pursue a career in sales, but avoid one in mathematics.
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