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We have learned to turn out lots of goods and services, but we haven't learned as well how to have everybody share in the bounty. The obligation of a society as prosperous as ours is to figure out how nobody gets left too far behind.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Gets
Goods
Society
Behind
Obligation
Left
Nobody
Lots
Wells
Learned
Figure
Well
Turn
Havens
Share
Haven
Bounty
Everybody
Figures
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Behinds
Services
Turns

More quotes by Warren Buffett

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The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.
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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.
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I don't read economic forecasts. I don't read the funny papers.
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When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.
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I mean, you know, you're not going to change the human animal. And the human animal really doesn't get a lot smarter.
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Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.
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What's going to happen - things we're doing are going to have some inflationary consequences.
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He must never forget Charlie's plea: Tell me where I'm going to die, so I'll never go there.
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The dumbest reason in the world to buy a stock is because it's going up.
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Never lie under any circumstances.
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Don't risk what is important to you, to get what is not important to you.
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A very rich person should leave his kids enough to do anything, but not enough to do nothing.
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If I got any good ideas out of that or I think they're good ideas, I'll be glad to contribute them but the system will probably overdo some other things.
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The single most important decision in evaluating a business is pricing power.
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.
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Risk comes from not knowing what you're doing.
Warren Buffett
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I mean, you can explain the fact that these are depressed prices, you know. We think these assets are going to be worth a lot more. And I think that case can be made in certain situations. But I think to just say, you know, we're going to say a dollar of cash is worth $2 all of a sudden, it isn't worth $2. It's worth a dollar today.
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In the end we must have people to match our principles, not the reverse.
Warren Buffett
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Someone's sitting in the shade today because someone planted a tree a long time ago. The person sitting in the shade now should be grateful for the person who planted and tended that tree. That includes all those benefactors of humanity throughout history that created, invented, financed, produced, maintained and improved all that we enjoy today.
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Investment students need only two well-taught courses - How to Value a Business and How to Think About Market Prices
Warren Buffett