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Investing in yourself is the best thing you can do. If you've got talents, no one can take them from you.
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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Talents
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More quotes by Warren Buffett
You know ... you keep doing the same things and you keep getting the same result over and over again.
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I do not believe in inheriting your position in society based on which womb you come from... I think a rich person should leave his children enough so they can do anything, but not enough so they can do nothing.
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Buy companies with strong histories of profitability and with a dominant business franchise.
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Do what you would do for free, having passion for what you do is the most important thing.
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You can't help some increase from this point. I don't want any viewer to go away think a magic wand exists in Congress. So they're going to see some more bad news. But if we do this, we're doing the right thing.
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If you have more than 120 or 130 I.Q. points, you can afford to give the rest away. You don't need extraordinary intelligence to succeed as an investor.
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It's got to be the best intellectual exercise out there. You're seeing through new situations every ten minutes. In the stock market you don't base your decisions on what the market is doing, but on what you think is rational. Bridge is about weighing gain/loss ratios. You're doing calculations all the time.
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This economy doesn't work well without the lubrication of credit and trust.
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One of the ironies of the stock market is the emphasis on activity. Brokers, using terms such as 'marketability' and 'liquidity,' sing the praises of companies with high share turnover... but investors should understand that what is good for the croupier is not good for the customer. A hyperactive stock market is the pick pocket of enterprise.
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There is no perfect mathematical formula for pricing a business.
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We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'
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Take Wrigley's Chewing Gum. I don't think the Internet is going to change how people chew gum.
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Paradoxically, when 'dumb' money acknowledges its limitations, it ceases to be dumb.
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Two rules: 1. Preserve the principal 2. When in doubt, see Rule #1.
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I think the FDIC was one of the great inventions of the American.
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If you want to soar like an eagle in life, you can't be flocking with the turkeys.
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Only when the tide goes out do you discover who's been swimming naked.
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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.
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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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For some reason people take their cues from price action rather than from values. Price is what you pay. Value is what you get.
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