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I never invest in anything that I don't understand.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Invest
Understand
Anything
Never
More quotes by Warren Buffett
In business, I look for economic castles protected by unbreachable 'moats'.
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My wealth has come from a combination of living in America, some lucky genes, and compound interest.
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My father was the best person i've ever known.
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If you've got a good enough business, if you have a monopoly newspaper, if you have a network television station - I'm talking of the past - you know, your idiot nephew could run it. And if you've got a really good business, it doesn't make any difference.
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Larger sums may be an advantage at some cases and a disadvantage at others.
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We always see shifts in employment. If you think about it, if you go back to 1800, it took 80 percent of the labor force to produce enough food for the country. Now it takes less than 3 percent. Well, the truth is that market systems move people around.
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You can lose leverage, and it's the only way a smart guy can go broke.
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Wide diversification is only required when investors do not understand what they are doing.
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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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The only way to get love is to be lovable. It's very irritating if you have a lot of money. You'd like to think you could write a check: I'll buy a million dollars' worth of love. But it doesn't work that way. The more you give love away, the more you get.
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Only when you combine sound intellect with emotional discipline do you get rational behavior.
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Traditional wisdom is long on tradition and short on wisdom.
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A public-opinion poll is no substitute for thought.
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You can be sure that over the next 10 years, you'll see something that you did not think was possible.
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The Happiest people DO NOT necessarily have the BEST THINGS. They simply APPRECIATE the things they have.
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We do not have, nor have had, and never will have an opinion about where the stock market, interest rates, or business activity will be a year from now.
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It's very important that the determination of the US Congress to do what is is needed be made evident this week and by the actions of most of the members. I mean, you're not going to get total assent.
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If you buy the things you don't need, you will soon be selling the things that you need.
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A contrarian approach is just as foolish as a follow-the-crowd strategy. What's required is thinking rather than polling.
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The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.
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