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Problems in a company are like cockroaches in the kitchen. You will never find just one
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
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More quotes by Warren Buffett
I think that actually people in my situation should be paying more tax.
Warren Buffett
We have long felt that the only value of stock forecasters is to make fortune-tellers look good.
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Inactivity strikes us as intelligent behavior.
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We need a tax system that essentially takes very good care of the people who just really aren't as well adapted to the market system but are nevertheless doing useful things in the society.
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If horses had controlled investment decisions, there would have been no auto industry.
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That which is not worth doing at all is not worth doing well.
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In my view, [the trade deficit] will create political turmoil at some point...Pretty soon, I think there will be a big adjustment.
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All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.
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Shares are not mere pieces of paper. They represent part ownership of a business. So, when contemplating an investment, think like a prospective owner.
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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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I may have more money than you, but money doesn't make the difference. If there is any difference between you and me, it may simply be that I get up and have a chance to do what I love to do, every day. If you learn anything from me, this is the best advice I can give you.
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Every day that goes by, I mean, if you don't react to Pearl Harbor for a week or two weeks or three weeks, you're behind in the war that you otherwise would have fought.
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You get what I call the natural progression, the three Is. The innovators, the imitators, and the idiots.
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The most important investment you can make is in yourself... nobody can tax it or take it away from you.
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Do what you would do for free, having passion for what you do is the most important thing.
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You don't ever ask a barber whether you need a haircut.
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Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of even an outstanding company to catch up with the price they paid.
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If I subscribed to the efficient market theory I would still be delivering papers
Warren Buffett
Would your reply possibly be this? Well, it all depends on what my tax rate will be on the gain you're saying we're going to make. If the taxes are too high, I would rather leave the money in my savings account, earning a quarter of 1 percent. Only in Grover Norquist's imagination does such a response exist.
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I’ve worked in an economy that rewards someone who saves the lives of others on a battlefield with a medal, rewards a great teacher with thank-you notes from parents, but rewards those who can detect the mispricing of securities with sums reaching into the billions.
Warren Buffett