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Investment must be rational if you can't understand it, don't do 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
Rational
Investment
Understand
Must

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If principles can become dated, they're not principles.
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If I subscribed to the efficient market theory I would still be delivering papers
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I will do anything that is basically covered by the law to reduce Berkshire's tax rate. For example, on wind energy, we get a tax credit if we build a lot of wind farms. That's the only reason to build them. They don't make sense without the tax credit.
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Do not take yearly results too seriously. Instead, focus on four or five-year averages.
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We need a tax system that essentially takes very good care of the people who just really aren't as well adapted to the market system but are nevertheless doing useful things in the society.
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The only time to buy these is on a day with no 'y' in it.
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It's good to learn from your mistakes. It's better to learn from other people's mistakes.
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This country is going - be living better ten years from now than it is now. It will be living better in 20 years from now than ten years from now. The ingredients that made this country, you know, the miracle of the world - I mean we had a seven for one improvement in the average American standard of living in the 20th century.
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Anyone who believes a growth rate in excess of 15% per annum over the long term is attainable should pursue a career in sales, but avoid one in mathematics.
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I never invest in anything that I don't understand.
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There is seldom just one cockroach in the kitchen. You know, you turn on the light and, all of sudden, they all start scurrying around.
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As an investor with small capital, one should prefer businesses that have high returns on capital and that require little incremental investment to grow.
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Making money isn't the backbone of our guiding purpose it is the by-product of our guiding purpose.
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Failing conventionally is the route to go as a group, lemmings may have a rotten image, but no individual lemming has ever received bad press
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If you buy things you do not need, soon you will have to sell things you need.
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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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I'll bring my tax returns you bring yours. I'll meet you anytime anywhere.
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You don't ever ask a barber whether you need a haircut.
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I tell college students, when you get to be my age you will be successful if the people who you hope to have love you, do love you.
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