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Success is having people love you that you want to have love 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
Success
Love
People
More quotes by Warren Buffett
Never ask a barber if you need a haircut.
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Do not put all your eggs in one basket.
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Invest in as much of yourself as you can, you are your own biggest asset by far.
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If you can tell me who your heroes are, I can tell you how you're going to turn out in life.
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If you're an investor, you're looking on what the asset is going to do, if you're a speculator, you're commonly focusing on what the price of the object is going to do, and that's not our game.
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I know that Congress will do the right thing.
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Intensity is the price of excellence.
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I'm happy when I can spend every day doing the things that I like to do. That's my luxury.
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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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It isn't given to man to be able to run a financial institution where different interest-rate scenarios will prevail on all of that so as to produce kind of smooth, regular earnings from a very large base to start with.
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So smile when you read a headline that says Investors lose as market falls. Edit it in your mind to Disinvestors lose as market falls-but investors gain. Though writers often forget this truism, there is a buyer for every seller and what hurts one necessarily helps the other. (As they say in golf matches: Every putt makes someone happy.
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If you get to my age in life and nobody thinks well of you, I don't care how big your bank account is, your life is a disaster.
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The gross profits in many workouts appear quite small. It's a little like looking for parking meters with some time left on them. However, the predictability coupled with a short holding period produces quite decent average annual rates of return after allowance for the occasional substantial loss.
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Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
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The most important thing in terms of your circle of competence is not how large the area of it is, but how well you've defined the perimeter.
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Calculate owner earnings to get a true reflection of value.
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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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Well, I think the biggest mistake is not learning the habits of saving properly early. Because saving is a habit. And then, trying to get rich quick. It's pretty easy to get well-to-do slowly. But it's not easy to get rich quick.
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I knew a lot about what I did when I was 20. I had read a lot, and I aspired to learn everything I could about the subject.
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Too often, executive compensation in the U.S. is ridiculously out of line with performance. That won't change, moreover, because the deck is stacked against investors when it comes to the CEO's pay.
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