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We like to buy businesses, but we don't like to sell them.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Businesses
Investing
Sell
Sells
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More quotes by Warren Buffett
You have to understand accounting and you have to understand the nuances of accounting. It's the language of business and it's an imperfect language, but unless you are willing to put in the effort to learn accounting - how to read and interpret financial statements - you really shouldn't select stocks yourself
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Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.
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The speed at which a business success is recognized, furthermore, is not that important as long as the company's intrinsic value is increasing at a satisfactory rate. In fact, delayed recognition can be an advantage: It may give us the chance to buy more of a good thing at a bargain price.
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Focus on return on equity, not earnings per share.
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Beware [of] the investment activity that produces applause the great moves are usually greeted by yawns.
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What we really want to do is buy businesses that we would be happy to own forever.
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Asking for financial advice from a financial planner is like asking a barber if you need a hair cut.
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Investing is laying out money now to get more money back in the future.
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Emotional makeup is more important than technical skill
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Let blockheads read what blockheads wrote.
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You know, with your money and my brains, I mean, there's no telling how far we'd go.
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If you own a wonderful business...the best thing to do is keep it. All you're going to do is trade your wonderful business for a whole bunch of cash, which isn't as good as the business, and you got the problem of investing in other businesses, and you probably paid a tax in between. So my advice to anybody who owns a wonderful business is keep it.
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I think it will get moving faster. I mean once you get it off the - once credit flows - now the recession is going to get worse.
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I mean there is no capital requirements to it or anything of the sort. And basically, I said there were possibly financial weapons of mass destruction, and they had them. They destroyed AIG. They certainly contributed to the destruction of Bear Sterns and Lehman. Although Lehman had other problems, too.
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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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I think confidence will come back.
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The smartest side to take in a bidding war is the losing side.
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I buy expensive suits - they just look cheap on me.
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I make no effort to predict the course of general business or the stock market. Period. However, currently there are practices snowballing in the security markets and business world which, while devoid of short term predictive value, bother me as to possible long term consequences.
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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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