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In the financial markets I find it easy to predict what will happen and very difficult to predict when it will happen. I think that things were clear during the bubble as to what would happen eventually.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Easy
Predict
Happens
Bubbles
Find
Markets
Things
Eventually
Would
Financial
Think
Happen
Thinking
Clear
Difficult
Bubble
More quotes by Warren Buffett
I have an 800 freephone number now that I call if I get the urge to buy an airline stock. I call at two in the morning and I say: My name is Warren and I'm an aeroholic. And then they talk me down.
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Our approach is very much profiting from lack of change rather than from change.
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A market downturn, doesn't bother us. For us and our long term investors, it is an opportunity to increase our ownership of great companies with great management at good prices. Only for short term investors and market timers is a correction not an opportunity.
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I am a better investor because I am a businessman, and a better businessman because I am no investor.
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Beware of geeks bearing formulas.
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If the world couldn't see your results, would you rather be thought of as the world's greatest investor but in reality have the world's worst record? Or be thought of as the world's worst investor when you were actually the best?
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I mean there is no capital requirements to it or anything of the sort. And basically, I said there were possibly financial weapons of mass destruction, and they had them. They destroyed AIG. They certainly contributed to the destruction of Bear Sterns and Lehman. Although Lehman had other problems, too.
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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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Our future rates of gain will fall far short of those achieved in the past. Berkshire's capital base is now simply too large to allow us to earn truly outsized returns. If you believe otherwise, you should consider a career in sales but avoid one in mathematics.
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If you buy things you do not need, soon you will have to sell things you need.
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Too often, a vast collection of possessions ends up possessing its owner.
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Investment decision should be made on the basis of the most probable compounding of after-tax net worth with minimum risk.
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There seems to be some perverse human characteristic that likes to make easy things difficult.
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To win, the first thing you have to do is not lose.
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