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When investing, pessimism is your friend, euphoria the enemy.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Euphoria
Pessimism
Investing
Financial
Friend
Enemy

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You don't ever ask a barber whether you need a haircut.
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During inflation, Goodwill is the gift that keeps on giving.
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Charlie and I have a number of filters that things have to get through before we'll think about them.
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When I take a look at a company's annual report, if I don't understand it, they don't want me to understand it.
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Look at market fluctuations as your friend rather than your enemy profit from folly rather than participate in it.
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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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I think once you start putting phony figures into financial statements, you get in a lot of trouble. And we've seen so much of that in the last 20 years.
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If you buy things you do not need, soon you will have to sell things you need.
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Investing is forgoing consumption now in order to have the ability to consume more at a later date.
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I happen to have a talent for allocating capital. But my ability to use that talent is completely dependent on the society I was born into. If I'd been born into a tribe of hunters, this talent of mine would be pretty worthless. I can't run very fast. I'm not particularly strong. I'd probably end up as some wild animal's dinner.
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The only time to buy these is on a day with no 'y' in it.
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When bills come due, only cash is legal tender. Don't leave home without it.
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Consciously paying more for a stock than its calculated value - in the hope that it can soon be sold for a still-higher price - should be labelled speculation
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I look at everything. That's my job. I really do, every day. I think about everything.
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There's no use running if you're on the wrong road.
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The fundamental basis of above-average performance in the long run is sustainable competitive advantage.
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In business, I look for economic castles protected by unbreachable 'moats'.
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Remember that the stock market is manic-depressive.
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Buy a business, don't rent stocks.
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You are lucky in life if you have the right heroes. I advise all of you, to the extent you can, to pick out a few heroes
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