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If you want to soar like an eagle in life, you can't be flocking with the turkeys.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Eagles
Soar
Life
Like
Flocking
Eagle
Turkeys
More quotes by Warren Buffett
Tell me your heroes and I'll tell you how your life will end up
Warren Buffett
You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing.
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I sent one e-mail in my life. I sent it to Jeff Raikes at Microsoft, and it ended up in court in Minneapolis, so I am one for one.
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I think you should read everything you can. In my case, by the age of 10, I'd read every book in the Omaha public library about investing, some twice. You need to fill your mind with various competing thoughts and decide which make sense.
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Would you rather be the world's greatest lover, but have everyone think you're the world's worst lover? Or would you rather be the world's worst lover but have everyone think you're the world's greatest lover? Now, that's an interesting question.
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I think the rest of the country should be paying less, the 95 percent that [Barack] Obama talks about or maybe even a little higher than that.
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I choose to work with every single person that I work with. That ends up being the most important factor. I don't interact with people I don't like or admire. That's the key. It's like marrying.
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I've seen more people fail because of liquor and leverage -- leverage being borrowed money. You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing.
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So if you are evaluating others (or yourself!) in the investment field, think out some standards - apply them - interpret them.
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Take the job you would take if you were independently wealthy. You're going to do well at it.
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The reaction of weak management to weak operations is often weak accounting.
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Every company that has an economist working for him has one employee too many.
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There are three kinds of people: 1. Innovators. 2. Imitators. 3. Idiots.
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Be fearful when there is greed and be greedy when there is fear.
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Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation.
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As one of my older friends says, Nostalgia just isn't what it used to be. Let's take a stab at it, anyway.
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I prefer liquor store robbers with hungry kids to companies that locate offshore to avoid U.S. taxes.
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The American economy is going to do fine. But it won't do fine every year and every week and every month. I mean, if you don't believe that, forget about buying stocks anyway... It's a positive-sum game, long term. And the only way an investor can get killed is by high fees or by trying to outsmart the market.
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