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The smarter the journalists are, the better off society is.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Journalists
Smarter
Journalist
Society
Better
More quotes by Warren Buffett
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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I believe the chance of any event causing Berkshire to experience financial problems is essentially zero. We will always be prepared for the thousand-year flood in fact, if it occurswe will be selling life jackets to the unprepared.
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The .350 hitter expects, and also deserves, a big payoff for his performance - even if he plays for a cellar-dwelling team. And a .150 hitter should get no reward - even if he plays for a pennant winner.
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We intend to continue our practice of working only with people whom we like and admire. This policy not only maximizes our chances for good results, it also ensures us an extraordinarily good time.
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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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Beware [of] the investment activity that produces applause the great moves are usually greeted by yawns.
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My father was the best person i've ever known.
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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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Stop trying to predict the direction of the stock market, the economy or elections.
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Shares are not mere pieces of paper. They represent part ownership of a business. So, when contemplating an investment, think like a prospective owner.
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I look at everything. That's my job. I really do, every day. I think about everything.
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Does the business have favourable long term prospects?
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A Company should be viewed as an unfolding movie, not as a still photograph
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The [stock] market,like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do.
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The single most important decision in evaluating a business is pricing power.
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The speed at which a business success is recognized, furthermore, is not that important as long as the company's intrinsic value is increasing at a satisfactory rate. In fact, delayed recognition can be an advantage: It may give us the chance to buy more of a good thing at a bargain price.
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I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.
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You should be unconcerned about short-term price action when you own the securities directly, just as you were unconcerned when you owned them indirectly through BPL. I think about them as businesses, not stocks, and if the business does all right over the long term, so will the stock.
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It is to our advantage to have securities do nothing price-wise for months, or perhaps years, while we are buying them.
Warren Buffett
Confidence is key. You're not going to put your money - you're not going to leave your money with me unless you're confident I'm going to give it back to you.
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