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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
Giving
Models
Way
Mark
Reluctance
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Institutional
Face
Sympathetic
Rather
Skeptical
Faces
Model
Give
Market
Music
Financial
More quotes by Warren Buffett
Consciously paying more for a stock than its calculated value - in the hope that it can soon be sold for a still-higher price - should be labelled speculation
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I make no effort to predict the course of general business or the stock market. Period. However, currently there are practices snowballing in the security markets and business world which, while devoid of short term predictive value, bother me as to possible long term consequences.
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No matter how great the talent or efforts, some things just take time.
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The thing to do is to keep your mind when the world around you is losing theirs.
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Charlie and I have a number of filters that things have to get through before we'll think about them.
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Learning how to live is much more important than learning how to make a living.
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... but the important thing is that when you do find one where you really do know what you are doing, you must buy in quantity.... Charlie and I have made a dozen or so very big decisions relative to net worth, although not as big as they should have been. And in each of those, we've known that we were almost certain to be right going in.
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I never try to predict the market.
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Most business mistakes are irreversible setbacks, but you get another chance. There are two things in life that you don't get another chance at - marrying the wrong person and what you do with your children.
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A lot of people disagree with me on this, I believe in mark to market.
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First come the innovators, then come the imitators, then come the idiots.
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We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
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We would do best in a market where everyone acted foolishly.
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It is easier to rationalize than it is to be rational.
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In some corner of the world they are probably still holding regular meetings of the Flat Earth Society. We derive no comfort because important people, vocal people, or great numbers of people agree with us. Nor do we derive comfort if they don't.
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Unless your answers are clearly better, copy the answers of your betters.
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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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Take the job you would take if you were independently wealthy. You're going to do well at it.
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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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Turnarounds seldom turn.
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