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The Noah rule: Predicting rain doesn't count building arks does.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Predicting
Rationality
Count
Rule
Rain
Building
Doesn
Ark
Doe
Noah
More quotes by Warren Buffett
I think the most important factor in getting out of the recession actually is just the regenerative capacity of - of American capitalism.
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We can afford to lose money - even a lot of money. But we can't afford to lose reputation - even a shred of reputation.
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Earnings can be pliable as putty when a charlatan heads the company reporting them.
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Do not save what is left after spending, but spend what is left after saving.
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I make plenty of mistakes and I'll make plenty more mistakes, too. That's part of the game. You've just got to make sure that the right things overcome the wrong ones.
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You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.
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Shares are not mere pieces of paper. They represent part ownership of a business. So, when contemplating an investment, think like a prospective owner.
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The stock market is a no-called-strike game. You don’t have to swing at everything – you can wait for your pitch.
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We make investment decisions based on our evaluation of the most profitable combination of probabilities.
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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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There is no substitute for a local newspaper that is doing its job.
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I knew a lot about what I did when I was 20. I had read a lot, and I aspired to learn everything I could about the subject.
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We have embraced the 21st century by entering such cutting-edge industries as brick, carpet, insulation and paint. Try to control your excitement.
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When you listen to tax-cut rhetoric, remember that giving one class of taxpayer a break requires - now or down the line - that an equivalent burden be imposed on other parties. In other words, if I get a break, someone else pays. Government can't deliver a free lunch to the country as a whole. It can however, determine who pays for lunch.
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You get what I call the natural progression, the three Is. The innovators, the imitators, and the idiots.
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Part of making good decisions in business is recognizing the poor decisions you've made and why they were poor. I've made lots of mistakes. I'm going to make more. It's the name of the game. You don't want to expect perfection in yourself. You want to strive to do your best. It's too demanding to expect perfection in yourself.
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The real fortunes in this country have been made by people who have been right about the business they invested in, and not right about the timing of the stock market.
Warren Buffett
If I eat 2,700 calories a day, a quarter of that is Coca-Cola.
Warren Buffett
Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.
Warren Buffett
Of one thing be certain: if a CEO is enthused about a particularly foolish acquisition, both his internal staff and his outside advisors will come up with whatever projections are needed to justify his stance. Only in fairy tales are emperors told that they are naked.
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