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If you gave me $100 billion and said take away the soft drink leadership of Coca-Cola in the world, I'd give it back to you and say it can't be done.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
World
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Drink
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Cola
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Coca
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More quotes by Warren Buffett
The managers at fault periodically report on the lesson they have learned from the latest disappointment. They then usually seek out future lessons.
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I think what people understand there probably - well, they were hoping the private sector would do it [rescuing AIG ].
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We make investment decisions based on our evaluation of the most profitable combination of probabilities.
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If AIG had tried to unwind their derivatives books. I don't know. It would have hit every institution in the world.
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I don't think it would be crazy to have a model or an entity model on the Reconstruction Finance Corp.
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When investing, pessimism is your friend, euphoria the enemy.
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The reaction of weak management to weak operations is often weak accounting.
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Never ask a barber if you need a haircut.
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Never give up searching for the job that you're passionate about.
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Our favorite holding period is forever.
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It irritates the hell out of me but you can't buy love.
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A hyperactive stock market is the pickpocket of enterprise.
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By periodically investing in an index fund, the know-nothing investors can actually outperform most investment professionals.
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We're paying maybe 25 percent of the income tax, but the payroll tax is over a third of the receipts of the federal government. And they don't take that from me on capital gains. They don't take that from me on dividends.
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We enjoy the process far more than the proceeds.
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You could be somewhere where the mail was delayed three weeks and do just fine investing.
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Take the high road it's far less crowded.
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At this point, when treasury bills, seven day treasury bills at 1/20th of one percent, it's not because people want to earn 1/20th of one percent, it's because they trust the fact the treasury will give it back to them next week.
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I mean, you can explain the fact that these are depressed prices, you know. We think these assets are going to be worth a lot more. And I think that case can be made in certain situations. But I think to just say, you know, we're going to say a dollar of cash is worth $2 all of a sudden, it isn't worth $2. It's worth a dollar today.
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