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If knowing history made you rich, librarians would be billionaires.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Rich
Knowing
History
Made
Would
Billionaires
Librarians
Billionaire
Librarian

More quotes by Warren Buffett

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Bad terminology is the enemy of good thinking.
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Energy deregulation will be the largest transfer of wealth in history.
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I don't think it would be crazy to have a model or an entity model on the Reconstruction Finance Corp.
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We've been in a recession, by any common sense definition, because if you look at the American public, they've got 20 billion - 20 trillion, I should say, worth of residential homes.
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Risk comes from not knowing what you're doing.
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Success is having people love you that you want to have love you.
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The best way in my view is to just buy a low-cost index fund and keep buying it regularly over time, because you'll be buying into a wonderful industry, which in effect is all of American industry... People ought to sit back and relax and keep accumulating over time.
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I wouldn’t mind going to jail if I had three cellmates who played bridge
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The fundamental basis of above-average performance in the long run is sustainable competitive advantage.
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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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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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Be fearful when the markets get greedy, be greedy when the markets get fearful.
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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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When it's raining gold, reach for a bucket, not a thimble.
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It's a nightmare to administer some of this sort of thing, but I want to tell the shareholders of Berkshire, to the percent we own marketable securities or things for which there are market, even if those markets - I want to tell them what it's all about.
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In business, I look for economic castles protected by unbreachable 'moats'.
Warren Buffett
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While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks.
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I have this complicated procedure I go through every morning, which is to look in the mirror and decide what I'm going to do. And I feel at that point, everybody's had their say.
Warren Buffett
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Do not save what is left after spending, but spend what is left after saving.
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If you can eliminate the government as a 39.6% partner, then you will be much better off.
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