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Take Wrigley's Chewing Gum. I don't think the Internet is going to change how people chew gum.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Take
Going
Think
Wrigley
Thinking
Gum
People
Chew
Chewing
Internet
Change
More quotes by Warren Buffett
It is not necessary to do extraordinary things to get extraordinary results.
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You are neither right nor wrong because the crowd disagrees with you.
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Earnings can be pliable as putty when a charlatan heads the company reporting them.
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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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Wide diversification is only required when investors do not understand what they are doing.
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A market downturn, doesn't bother us. For us and our long term investors, it is an opportunity to increase our ownership of great companies with great management at good prices. Only for short term investors and market timers is a correction not an opportunity.
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I always say that in investing you want to buy stock in a company that has a business that's so good that an idiot can run it, because sooner or later one will. We have a country like that.
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When you listen to tax-cut rhetoric, remember that giving one class of taxpayer a break requires - now or down the line - that an equivalent burden be imposed on other parties. In other words, if I get a break, someone else pays. Government can't deliver a free lunch to the country as a whole. It can however, determine who pays for lunch.
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My father was the best person i've ever known.
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If you were at Lehman, the same thing happened. If you were at AIG, the shareholders are getting creamed on these things. And those shareholders are not just a bunch of big shots in Wall Street. Those are pension funds, and those are investors all over the country. I wouldn't worry too much about that. Justice won't be perfect on it.
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The trick is, when there is nothing to do, do nothing.
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The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.
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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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The obligation of a society as prosperous as ours is to figure out how nobody gets left too far behind.
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Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.
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When you build a bridge, you insist that it can carry 30,000 pounds, but you only drive 10,000-pound trucks across it. And that same principle works in investing.
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If you understood a business perfectly and the future of the business, you need very little in the way of a margin of safety.
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The greatest investment a young person can make is in their own education, in their own mind. Because money comes and goes. Relationships come and go. But what you learn once stays with you forever.
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Investing in yourself is the best thing you can do. If you've got talents, no one can take them from you.
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Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation.
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