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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
Love
People
Success
More quotes by Warren Buffett
We set no volume goals in our insurance business generally-and certainly not in reinsurance-as virtually any volume can be achieved if profitability standards are ignored.
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Lethargy, bordering on sloth should remain the cornerstone of an investment style.
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If you’re in the luckiest one per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.
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If you're in a card game and you can't figure out who the patsy is, you're it.
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I certainly have no desire to sell a good controlled business run by people I like and admire, merely to obtain a fancy price. However, specific conditions may cause the sale of one operating unit at some point.
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Two rules: 1. Preserve the principal 2. When in doubt, see Rule #1.
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The best investment you can make is in yourself.
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[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.
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In a commodity business, it's very hard to be smarter than your dumbest competitor.
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I sent one e-mail in my life. I sent it to Jeff Raikes at Microsoft, and it ended up in court in Minneapolis, so I am one for one.
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We only want to link up with people whom we like, admire, and trust. ... We do not wish to join with managers who lack admirable qualities, no matter how attractive the prospects of their business. We've never succeeded in making a good deal with a bad person.
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You have hedge funds and people like that buying these assets to yield 15 or 20 percent, I mean, that's the buyer for these people that are trying to unload them.
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You don't need to have extraordinary effort to achieve extraordinary results. You just need to do the ordinary, everyday things exceptionally well.
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Other guys read Playboy. I read annual reports.
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We look for things I can understand. A lot of businesses I don't understand.
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Emotional makeup is more important than technical skill
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I think the FDIC was one of the great inventions of the American.
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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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My net worth is the market value of holdings less the tax payable upon sale. The liability is just as real as the asset unless the value of the asset declines (ouch), the asset is given away (no comment), or I die with it. The latter course of action would appear to at least border on a Pyrrhic victory.
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We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.
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