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Government can't deliver a free lunch to the country as a whole. It can, however, determine who pays for lunch. And last week the Senate handed the bill to the wrong party... the poor and middle class.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
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Handed
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We can afford to lose money - even a lot of money. But we can't afford to lose reputation - even a shred of reputation.
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Part of making good decisions in business is recognizing the poor decisions you've made and why they were poor. I've made lots of mistakes. I'm going to make more. It's the name of the game. You don't want to expect perfection in yourself. You want to strive to do your best. It's too demanding to expect perfection in yourself.
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Benign neglect, bordering on sloth, remains the hallmark of our investment process.
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Focus on your customers and lead your people as though their lives depend on your success.
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A lot of great fortunes in the world have been made by owning a single wonderful business. If you understand the business, you don't need to own very many of them.
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We've got all the ingredients for a sensational future.
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I'd rather have a $10 million business making 15 per cent than a $100 million business making 5 per cent.
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I don't need 15 houses. Owning real estate doesn't mean much to me. I don't like to think about things like that. I don't need 12 boats, or even the world's largest boat with a crew of 80. I'd have to take care of them, to worry about them. I get a lot more fun out of life without all the bells and whistles.
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There seems to be some perverse human characteristic that likes to make easy things difficult.
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You only have to do a very few things right in your life so long as you don't do too many things wrong.
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I have always cautioned partners that I considered three years a minimum in determining whether we were performing.
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We always live in an uncertain world. What is certain is that the United States will go forward over time.
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The most dangerous distractions are the ones you love, but that don’t love you back.
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Sound investing can make you very wealthy if you're not in too big a hurry
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I would say that life at 84, I am having as much fun as I've ever had in my life. I mean I get to do what I love every day with the people I love-and it just doesn't get any better than that.
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So some guy may know how to make money in cocoa beans, but I don't so I just let him have that. But it's got to be something I understand. It's got to be a business with fundamentally good economics. It's got to be a management that I like and trust and admire. And it's got to be a price that makes sense.
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The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table.
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My wealth has come from a combination of living in America, some lucky genes, and compound interest.
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You have to be able to communicate in life and probably schools underemphasize that. If you can't talk to people or write, you're giving up your potential.
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