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You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing. I've never borrowed a significant amount of money in my life. Never. Never will. I've got no interest in it.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
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Nebraska
Warren Edward Buffett
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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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In the financial markets I find it easy to predict what will happen and very difficult to predict when it will happen. I think that things were clear during the bubble as to what would happen eventually.
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There is no substitute for a local newspaper that is doing its job.
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Stocks of companies selling commodity-like products should come with a warning label: Competition may prove hazardous to human wealth.
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You ought to be able to explain why you’re taking the job you’re taking, why you’re making the investment you’re making, or whatever it may be. And if it can’t stand applying pencil to paper, you’d better think it through some more. And if you can’t write an intelligent answer to those questions, don’t do it.
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Whatever you like to do, make it a hobby and whatever the world likes to do, make it a business.
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It's going to be tough because the economy is going to be getting worse for a while. And it might fall off a cliff if this doesn't pass. But nobody will ever know that if it does.
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Forecasts usually tell us more of the forecaster than of the forecast
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A public-opinion poll is no substitute for thought.
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Money to some extent sometimes let you be in more interesting environments. But it can't change how many people love you or how healthy you are.
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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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I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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I've argued with the senators and congressmen I've talked to. You don't want to be too little too late. If you buy them at the right price, you may be buying two trillion of face value.
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Do what you love and work for whom you admire the most, and you've given yourself the best chance in life you can.
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The Noah rule: Predicting rain doesn't count building arks does.
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There is no question we have an access stock.
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