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If you're in a card game and you can't figure out who the patsy is, you're it.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Game
Games
Patsy
Card
Cards
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Figures

More quotes by Warren Buffett

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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 want to soar like an eagle in life, you can't be flocking with the turkeys.
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The key to life is to figure out who to be the batboy for.
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An investor needs to do very few things right as long as he or she avoids big mistakes.
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Every day that goes by, I mean, if you don't react to Pearl Harbor for a week or two weeks or three weeks, you're behind in the war that you otherwise would have fought.
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It’s not that I want money. It’s the fun of making money and watching it grow.
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What's hot today isn't likely to be hot tomorrow. The stock market reverts to fundamental returns over the long run. Don't follow the herd.
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What we learn from history is that people don't learn from history.
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You don't want 300 million Americans putting their money under the mattress.
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A bull market is like sex. It feels best just before it ends.
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Risk is a part of God's game, alike for men and nations.
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You could be somewhere where the mail was delayed three weeks and do just fine investing.
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The fundamental basis of above-average performance in the long run is sustainable competitive advantage.
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There is no staff. I make all the investment decisions and I do all my own analysis.
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I lose confidence in other people, all kinds of institutions.
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In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
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Mr. Market is kind of a drunken psycho. Some days he gets very enthused, some days he gets very depressed. And when he get really enthused you sell to him, and if he gets depressed, you buy from him. There's no moral taint attached to that.
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What's nice about investing is you don't have to swing at every pitch.
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The best investment you can make is in yourself.
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Activity is the enemy of investment returns.
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