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Credit worthiness is like virginity, it can be preserved but not restored very easily, so it is crazy to play around with it.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Virginity
Preserved
Easily
Credit
Crazy
Around
Worthiness
Play
Like
Restored

More quotes by Warren Buffett

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Enjoy your work and work for whom you admire.
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Equities will do well over time - you just have to avoid getting excited when other people are getting excited.
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If you hit a hole in one every hole, you wouldn’t play golf for very long.
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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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...I will give you two pieces of advice. Invest as much in yourself as you can you are your own best asset by far. Then follow your passion you want to be really excited to get out of bed every morning.
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House prices just soared beyond - beyond reason in many places and they got financed in silly ways, and people lied about loans, all kinds of accesses entered into it. But that is what - that is the single biggest cause of why we're here.
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Paradoxically, when 'dumb' money acknowledges its limitations, it ceases to be dumb.
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I have never been able to understand why the tax comes as such a body blow to many people since the rate on long-term capital gain is lower than on most likes of endeavor (tax policy indicated digging ditches is regarded as socially less desirable than shuffling stock certificates).
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A pack of lemmings looks like a group of rugged individualists compared with Wall Street when it gets a concept in its teeth.
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Read Ben Graham and Phil Fisher read annual reports, but don't do equations with Greek letters in them.
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I don't think it would be crazy to have a model or an entity model on the Reconstruction Finance Corp.
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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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You shouldn't own common stocks if a 50 per cent decrease in their value in a short period of time would cause you acute distress.
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We need to throw the resources at this that are necessary. But like I say, we are not spending money. I mean, if we buy these assets intelligently, the United States Treasury will make money. I mean, it's borrowing money. It's just a few percent a year.
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The typical large company has a compensation committee, They don't look for Dobermans on that committee, they look for chihuahuas.
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I never try to predict the market.
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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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If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.
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The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.
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When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.
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