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You have to turn over a lot of rocks to find those little anomalies. You have to find the companies that are off the map - way off the map.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Turn
Company
Turns
Littles
Anomalies
Find
Maps
Little
Companies
Way
Rocks
More quotes by Warren Buffett
That's the reality of what they're going to sell them to the Treasury for.
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Energy deregulation will be the largest transfer of wealth in history.
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In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
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Be fearful when the markets get greedy, be greedy when the markets get fearful.
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The latter qualification brings to mind a fellow who applied for a job and stated he had twenty years of experience-which was corrected by a former employer to read one year's experience-twenty times.
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Other guys read Playboy. I read annual reports.
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I have no idea on timing. It’s easier to tell what will happen than when it will happen. I would say that what is going on in terms of trade policy is going to have very important consequences.
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We're still in a recession. We're not gonna be out of it for a while, but we will get out.
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If, when making a stock investment, you're not considering holding it at least ten years, don't waste more than ten minutes considering it.
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How do you beat Bobby Fischer? You play him at any game but chess. I try to stay in games where I have an edge.
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In our view, derivatives are financial weapons of mass destruction carrying dangers that, while latent, are potentially lethal.
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Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.
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The power of unconditional love. I mean, there is no power on earth like unconditional love.
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I think people - what people want to do is make [economy] get worse.
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When people talk about cash being king, it's not king if it just sits there and never does anything.
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I think what people understand there probably - well, they were hoping the private sector would do it [rescuing AIG ].
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The secret to happiness is having low expectations.
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Take the job you would take if you were independently wealthy. You're going to do well at it.
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Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful.
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I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business.
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