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Calculate owner earnings to get a true reflection of value.
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
The smarter the journalists are, the better off society is.
Warren Buffett
I always invest in companies an idiot could run, because one day one will.
Warren Buffett
A hyperactive stock market is the pickpocket of enterprise.
Warren Buffett
Either they're trying to con you or they're trying to con themselves.
Warren Buffett
We make investment decisions based on our evaluation of the most profitable combination of probabilities.
Warren Buffett
I sent one e-mail in my life. I sent it to Jeff Raikes at Microsoft, and it ended up in court in Minneapolis, so I am one for one.
Warren Buffett
Look for 3 things in a person. Intelligence, Energy, & Integrity. If they don't have the last one, don't even bother with the first two.
Warren Buffett
Too often, a vast collection of possessions ends up possessing its owner.
Warren Buffett
In the business world, the rearview mirror is always clearer than the windshield.
Warren Buffett
Buy companies with strong histories of profitability and with a dominant business franchise.
Warren Buffett
I think I could make you fifty percent a year on one million dollars. No, I know I could. I guarantee that.
Warren Buffett
You know ... you keep doing the same things and you keep getting the same result over and over again.
Warren Buffett
When Berkshire buys common stock, we approach the transaction as if we were buying into a private business.
Warren Buffett
I was lucky enough to be born in a time and place where society values my talent, and gave me a good education to develop that talent, and set up the laws and the finanical system to let me do what I love doing-and make a lot of money doing it. The least I can do is help pay for all that.
Warren Buffett
A pin lies in wait for every bubble and when the two eventually meet, a new wave of investors learns some very old lessons.
Warren Buffett
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.
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We set no volume goals in our insurance business generally-and certainly not in reinsurance-as virtually any volume can be achieved if profitability standards are ignored.
Warren Buffett
The future is never clear you pay a very high price in the stock market for a cheery consensus. Uncertainty actually is the friend of the buyer of long-term values.
Warren Buffett
People should always know better.
Warren Buffett
If you buy the things you don't need, you will soon be selling the things that you need.
Warren Buffett