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It's not debt per say that overwhelms an individual corporation or country. Rather it is a continuous increase in debt in relation to income that causes trouble.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Debt
Relation
Increase
Overwhelms
Trouble
Corporation
Causes
Continuous
Rather
Corporations
Individual
Investing
Country
Income
More quotes by Warren Buffett
We intend to continue our practice of working only with people whom we like and admire. This policy not only maximizes our chances for good results, it also ensures us an extraordinarily good time.
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A low-cost index fund is the most sensible equity investment for the great majority of investors. My mentor, Ben Graham, took this position many years ago, and everything I have seen since convinces me of its truth.
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Investors... can't pick stocks that are better than average. Stocks are a good thing to own over time. There's only two things you can do wrong: You can buy the wrong ones, and you can buy or sell them at the wrong time. And the truth is you never need to sell them.
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Well, it may be all right in practice, but it will never work in theory
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Confidence is key. You're not going to put your money - you're not going to leave your money with me unless you're confident I'm going to give it back to you.
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Resolution Trust Company was set up to liquidate a bunch of assets that the government had inherited because the savings and loans went broke.
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An investor needs to do very few things right as long as he or she avoids big mistakes.
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As far as you are concerned, the stock market does not exist. Ignore it.
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Mr. Market is your servant, not your guide.
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We do not have, nor have had, and never will have an opinion about where the stock market, interest rates, or business activity will be a year from now.
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Do what you love and work for whom you admire the most, and you've given yourself the best chance in life you can.
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People always ask me where they should go to work, and I always tell them to go to work for whom they admire the most.
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Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.
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There is nothing like writing to force you to think and get your thoughts straight.
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If you're in a card game and you can't figure out who the patsy is, you're it.
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There is no substitute for a local newspaper that is doing its job.
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There are 309 million people out there that are trying to improve their lot in life. And we've got a system that allows them to do it.
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It's just that I landed up in a terrific capitalist system. One that pays people who allocate capital extraordinarily well. Intrinsically, I'm not worth as much as somebody who invents something that could improves people's life, or health or whatever.
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Investing in a market where people believe in efficiency is like playing bridge with someone who has been told it doesn't do any good to look at the cards.
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If you have more than 120 or 130 I.Q. points, you can afford to give the rest away. You don't need extraordinary intelligence to succeed as an investor.
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