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Well, I think the biggest mistake is not learning the habits of saving properly early. Because saving is a habit. And then, trying to get rich quick. It's pretty easy to get well-to-do slowly. But it's not easy to get rich quick.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Rich
Slowly
Easy
Saving
Wells
Biggest
Well
Early
Trying
Habit
Think
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Habits
More quotes by Warren Buffett
I have worked with investors for 60 years and I have yet to see anyone - not even when capital gains rates were 39.9 percent in 1976-77 - shy away from a sensible investment because of the tax rate on the potential gain.
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I'm not worried they're all about the investments we make. I mean, listen, this country - we've got $46,000 or $47,000 of GDP per capita. Now, we've done pretty darn well. We'll do better in the future.
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An investor needs to do very few things right as long as he or she avoids big mistakes.
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Games are won by players who focus on the playing field -- not by those whose eyes are glued to the scoreboard.
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If you lose money for the firm, I will be forgiving. If you lose reputation, I will be ruthless.
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People will always try to stop you from doing the right thing if it is unconventional.
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I think the worst mistake you can make in stocks is to buy or sell based on current headlines.
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I'm sitting with six and a half billion dollars we're going to use to close the Mars-Wrigley deal on October 6. I've got to hand over that six and a half billion on October 6. Now, I have to be very careful about who I leave it in between now and then, because they're expecting that he show up.
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Investment philosophy is the clear understanding that by owning shares of stocks he owns businesses, not pieces of paper.
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Focus on your customers and lead your people as though their lives depend on your success.
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Focus alone is not enough putting in the time to commit is also crucial to achieve success.
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Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.
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I mean, Hank Paulson is in there [ Treasury] at the wrong time, probably shouldn't have taken the job. He's a friend of mine. But he knows markets, he knows corporations' work, he knows money, and he's got the interests of the country at heart.
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You have to be able to communicate in life and probably schools underemphasize that. If you can't talk to people or write, you're giving up your potential.
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Life is like a snowball. The important thing is finding wet snow and a really long hill.
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We've seen what can be accomplished when we use 50% of our human capacity. If you visualize what 100% can do, you'll join me as an unbridled optimist about America's future.
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The true investor welcomes volatility ... a wildly fluctuating market means that irrationally low prices will periodically be attached to solid businesses.
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A newspaper that reduces its coverage of the news important to its community is certain to reduce its readership as well
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A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem.
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