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Our policy is to concentrate holdings. We try to avoid buying a little of this or that when we are only lukewarm about the business or its price. When we are convinced as to attractiveness, we believe in buying worthwhile amounts.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
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Omaha
Nebraska
Warren Edward Buffett
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Believe
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More quotes by Warren Buffett
The big question about how people behave is whether they've got an Inner Scorecard or an Outer Scorecard. It helps if you can be satisfied with an Inner Scorecard.
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The fact that people will be full of greed, fear, or folly is predictable. The sequence is not predictable.
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You should be unconcerned about short-term price action when you own the securities directly, just as you were unconcerned when you owned them indirectly through BPL. I think about them as businesses, not stocks, and if the business does all right over the long term, so will the stock.
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Knowing what to leave out is just as important as knowing what to focus on.
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The best asset is your own self. You can become to an enormous degree the person you want to be
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Turnarounds seldom turn.
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Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.
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With each investment you make, you should have the courage and the conviction to place at least ten per cent of your net worth in that stock
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The smarter the journalists are, the better off society is.
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Confidence in markets and in institutions, it's a lot like oxygen. When you have it, you don't even think about it. It's indispensable. You can go years without thinking about it. When it's gone for five minutes, it's the only thing to think about.
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I don't want to be on the other side of the table from the customer. I was never selling anything that I didn't believe in myself or use myself.
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In business, I look for economic castles protected by unbreachable 'moats'.
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You ought to be able to explain why you’re taking the job you’re taking, why you’re making the investment you’re making, or whatever it may be. And if it can’t stand applying pencil to paper, you’d better think it through some more. And if you can’t write an intelligent answer to those questions, don’t do it.
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We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.
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The [stock] market,like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do.
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When we really sit back with a smile on our face is when we run into a situation we can understand, where the facts are ascertainable and clear, and the course of action obvious.
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There is no perfect mathematical formula for pricing a business.
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They [Goverment] take from the woman who comes in and takes the wastebaskets out.
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Credit worthiness is like virginity, it can be preserved but not restored very easily, so it is crazy to play around with it.
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Banking is very good business if you don't do anything dumb.
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