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In one way, I'm sympathetic to the institutional reluctance to face the music. I'd give a lot to mark my weight to 'model' rather than to 'market.'
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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Sympathetic
Rather
Skeptical
Faces
Model
Give
Market
Music
Financial
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Models
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Mark
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Institutional
More quotes by Warren Buffett
If AIG had tried to unwind their derivatives books. I don't know. It would have hit every institution in the world.
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I can't promise results, but I can promise a common destiny.
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I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here.
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In the great majority of cases we simply do not know enough about the industry or company to come to sensible judgments-in that situation we pass.
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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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Shares are not mere pieces of paper. They represent part ownership of a business. So, when contemplating an investment, think like a prospective owner.
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As far as you are concerned, the stock market does not exist. Ignore it.
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The stock market is a no-called-strike game. You don’t have to swing at everything – you can wait for your pitch.
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Would your reply possibly be this? Well, it all depends on what my tax rate will be on the gain you're saying we're going to make. If the taxes are too high, I would rather leave the money in my savings account, earning a quarter of 1 percent. Only in Grover Norquist's imagination does such a response exist.
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When the brothel burns down, even the pretty girls have to run out.
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Returns decrease as motion increases.
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When they get their ego involved, people do things they shouldn't do.
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The smarter the journalists are, the better off society is.
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Do not save what is left after spending, but spend what is left after saving.
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I have worked with investors for 60 years and I have yet to see anyone - not even when capital gains rates were 39.9 percent in 1976-77 - shy away from a sensible investment because of the tax rate on the potential gain.
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The great personal fortunes in the country weren't built on a portfolio of fifty companies. They were built by someone who identified one wonderful business. With each investment you make, you should have the courage and the conviction to place at least 10% of your net worth in that stock.
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A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem.
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The only question is whether you’re going to do it today or tomorrow. If you keep saying you’re going to do it tomorrow, you’ll never do it. You have to get on it today.
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I mean [Franklin Delano] Roosevelt didn't - you know, when he came in, he didn't print any money.
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Mr. Market is your servant, not your guide.
Warren Buffett