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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
Patsy
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Figures
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More quotes by Warren Buffett

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You can't stand to see your neighbor getting rich. You know you're smarter than he is and he's doing these things and he's getting rich.
Warren Buffett
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It's class warfare, my class is winning, but they shouldn't be.
Warren Buffett
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I'm not worried they're all about the investments we make. I mean, listen, this country - we've got $46,000 or $47,000 of GDP per capita. Now, we've done pretty darn well. We'll do better in the future.
Warren Buffett
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Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We'll break out of it. It takes time.
Warren Buffett
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Do not save what is left after spending, but spend what is left after saving.
Warren Buffett
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The Stock Market is designed to transfer money from the Active to the Patient.
Warren Buffett
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The most common cause of low prices is pessimism - sometimes pervasive, sometimes specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces.
Warren Buffett
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The most dangerous distractions are the ones you love, but that don’t love you back.
Warren Buffett
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Taking jobs to build up your resume is the same as saving up sex for old age.
Warren Buffett
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My idea of a group decision is to look in the mirror.
Warren Buffett
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The active investors will have their returns diminished by a far greater percentage than will their inactive brethren. That means that the passive group - the know-nothings - must win.
Warren Buffett
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All but a few of the organizations do not specifically promise to deliver superior investment performance although it is perhaps not unreasonable for the public to draw such an inference from their advertised emphasis on professional management.
Warren Buffett
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I'm always interested in understanding the math of things and understanding as much as I can about all aspects of business. And what I learn today may be useful to me two years from now. That's really the wonderful thing about investments is your knowledge is cumulative.
Warren Buffett
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If you cannot control your emotions, you cannot control your money.
Warren Buffett
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I think the oversight is great, and I think that oversight ought to be devoted almost entirely to the question is this being done at market you know. In other words, you want to make sure that the government isn't investing foolishly. But you don't want to care about which congressional districts it goes to or whether banks get favored over.
Warren Buffett
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In a bull market, one must avoid the error of the preening duck that quacks boastfully after a torrential rainstorm, thinking that its paddling skills have caused it to rise in the world. A right-thinking duck would instead compare its position after the downpour to that of the other ducks on the pond.
Warren Buffett
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Our system works. Over time, people will live better and better. We have a system that unleashes human potential, and now China has a system that unleashes human potential. We will have interruptions. We overshoot and undershoot sometimes, but your kids and grandkids will live better than you. Over time, we move ahead at a pretty damn rapid rate.
Warren Buffett
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The woman that comes in, takes the wastebasket away, she's paying 15.3 or whatever it is on payroll tax alone. I mean it is - I never had it so good.
Warren Buffett
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What motivates most gold purchasers is their belief that the ranks of the fearful will grow ... As 'bandwagon' investors join any party, they create their own truth - for a while.
Warren Buffett
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If you own the only newspaper in town, up until the last five years or so, you have pricing power and you didn't have to go to the office.
Warren Buffett