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If you can't read the scoreboard. You don't know the score. If you don't know the score, you can't tell the winners from the losers.
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
There are certain things that cannot be adequately explained to a virgin either by words or pictures.
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In some corner of the world they are probably still holding regular meetings of the Flat Earth Society. We derive no comfort because important people, vocal people, or great numbers of people agree with us. Nor do we derive comfort if they don't.
Warren Buffett
So some guy may know how to make money in cocoa beans, but I don't so I just let him have that. But it's got to be something I understand. It's got to be a business with fundamentally good economics. It's got to be a management that I like and trust and admire. And it's got to be a price that makes sense.
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When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
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I like to go for cinches. I like to shoot fish in a barrel. But I like to do it after the water has run out.
Warren Buffett
The big question about how people behave is whether they've got an Inner Scorecard or an Outer Scorecard. It helps if you can be satisfied with an Inner Scorecard.
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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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It's almost impossible to overpay the truly extraordinary CEO... but the species is rare.
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Every company that has an economist working for him has one employee too many.
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Our favorite holding period is forever.
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It's good to learn from your mistakes. It's better to learn from other people's mistakes.
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I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.
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If principles can become dated, they're not principles.
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We really can say no in 10 seconds or so to 90%+ of all the things that come along simply because we have these filters.
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There is no perfect mathematical formula for pricing a business.
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The advice you never go broke taking a profit is foolish.
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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.
Warren Buffett
The dumbest reason in the world to buy a stock is because it's going up.
Warren Buffett
I don't measure my life by the money I've made. Other people might, but certainly don't.
Warren Buffett
What motivates most gold purchasers is their belief that the ranks of the fearful will grow ... As 'bandwagon' investors join any party, they create their own truth - for a while.
Warren Buffett