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If you're an investor, you're looking on what the asset is going to do, if you're a speculator, you're commonly focusing on what the price of the object is going to do, and that's not our game.

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

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To win, the first thing you have to do is not lose.
Warren Buffett
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I like to buy things I can understand. I do a lot of research on things.
Warren Buffett
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On his Giving Pledge philanthropy: The way I got the message out was to get a copy of FORBES, look down that 400 list and start making phone calls! Bill and Melinda [Gates] did the same thing. So keep publishing the list so I can milk it.
Warren Buffett
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It is easier to rationalize than it is to be rational.
Warren Buffett
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Turnarounds seldom turn.
Warren Buffett
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Take the probability of loss times the amount of possible loss from the probability of gain times the amount of possible gain. That is what we're trying to do. It's imperfect, but that's what it's all about.
Warren Buffett
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My idea of a group decision is to look in the mirror.
Warren Buffett
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I find that the standard of living does not go up in proportion with the cost of living. The trick in life is to do things that are fun all the time.
Warren Buffett
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Market prices for stocks fluctuate at great amplitudes around intrinsic value but, over the long term, intrinsic value is virtually always reflected at some point in market price.
Warren Buffett
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Anything can happen anytime in markets. And no advisor, economist, or TV commentator-and definitely not Charlie nor I-can tell you when chaos will occur. Market forecasters will fill your ear but will never fill your wallet.
Warren Buffett
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Never risk what you have and need for what we don't have and don't need.
Warren Buffett
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I'd rather have a $10 million business making 15 per cent than a $100 million business making 5 per cent.
Warren Buffett
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When you listen to tax-cut rhetoric, remember that giving one class of taxpayer a break requires - now or down the line - that an equivalent burden be imposed on other parties. In other words, if I get a break, someone else pays. Government can't deliver a free lunch to the country as a whole. It can however, determine who pays for lunch.
Warren Buffett
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Never get too hung up on mistakes.
Warren Buffett
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Diversification is protection against ignorance. It makes little sense if you know what you are doing.
Warren Buffett
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I mean, in terms of alternatives, some people have suggested for example that why don't we - why isn't America doing what Berkshire Hathaway is doing? Why isn't that a better deal for America?
Warren Buffett
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Never invest in a business you don't understand.
Warren Buffett
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Things you like to do should be a hobby of yours, but things the world does should be a business of yours.
Warren Buffett
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A stock doesn't know that you own it.
Warren Buffett
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It will be good for us in the long run, and I mean there are, you know, six and a half billion people in this world. And it's great for 300 million to keep enjoying more and more property, but I think it's terrific if, you know, the remainder do.
Warren Buffett