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Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to purchase $2 of earnings that is not reportable by us under standard accounting principles than to purchase $1 of earnings that is reportable.

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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I think it will get moving faster. I mean once you get it off the - once credit flows - now the recession is going to get worse.
Warren Buffett
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When a management with reputation for brilliance gets hooked up with a business with a reputation for bad economics, it's the reputation of the business that remains intact.
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Investing is laying out money now to get more money back in the future.
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If you understood a business perfectly and the future of the business, you need very little in the way of a margin of safety.
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The Noah rule: Predicting rain doesn't count building arks does.
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Emotional makeup is more important than technical skill
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If you don't make mistakes you can't make decisions.
Warren Buffett
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In the world of business, the people who are most successful are those who are doing what they love.
Warren Buffett
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A stock doesn't know that you own it.
Warren Buffett
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When you're associating with the people that you love, doing what you love, it doesn't get any better than that.
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Charlie and I have a number of filters that things have to get through before we'll think about them.
Warren Buffett
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Invest in as much of yourself as you can, you are your own biggest asset by far.
Warren Buffett
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No matter how great the talent or efforts, some things just take time.
Warren Buffett
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A Company should be viewed as an unfolding movie, not as a still photograph
Warren Buffett
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I mean, you know, you're not going to change the human animal. And the human animal really doesn't get a lot smarter.
Warren Buffett
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It's better to build than to buy if you can find the right people.
Warren Buffett
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Mr. Market is kind of a drunken psycho. Some days he gets very enthused, some days he gets very depressed. And when he get really enthused you sell to him, and if he gets depressed, you buy from him. There's no moral taint attached to that.
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Never give up searching for the job that you're passionate about.
Warren Buffett
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Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.
Warren Buffett
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You can't help some increase from this point. I don't want any viewer to go away think a magic wand exists in Congress. So they're going to see some more bad news. But if we do this, we're doing the right thing.
Warren Buffett