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Trust is like the air we breathe--when it's present, nobody really notices when it's absent, everybody notices.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Present
Everybody
Really
Notices
Like
Absent
Breathe
Air
Nobody
Trust
More quotes by Warren Buffett
I have pledged - to you, the rating agencies and myself - to always run Berkshire with more than ample cash. We never want to count on the kindness of strangers in order to meet tomorrow's obligations. When forced to choose, I will not trade even a night's sleep for the chance of extra profits.
Warren Buffett
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?
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A contrarian approach is just as foolish as a follow-the-crowd strategy. What's required is thinking rather than polling.
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You pay a very high price in the stock market for a cheery consensus.
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You could be somewhere where the mail was delayed three weeks and do just fine investing.
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Larger sums may be an advantage at some cases and a disadvantage at others.
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I know the country works extremely well. You know, but when it isn't clogged up.
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[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.
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Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant.
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Be fearful when there is greed and be greedy when there is fear.
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The greatest Enemies of the Equity investor are Expenses and Emotions.
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They say the chains of habit are too light to be felt until they are too heavy to be broken. The chains you put around yourself now have enormous consequences as you go through life.
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If you own a wonderful business...the best thing to do is keep it. All you're going to do is trade your wonderful business for a whole bunch of cash, which isn't as good as the business, and you got the problem of investing in other businesses, and you probably paid a tax in between. So my advice to anybody who owns a wonderful business is keep it.
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You don't want 300 million Americans putting their money under the mattress.
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The three most important words in investing...Margin of Safety.
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