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I always invest in companies an idiot could run, because one day one will.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Companies
Company
Running
Always
Invest
Idiot

More quotes by Warren Buffett

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The (stock) market is there only as a reference point to see if anybody is offering to do anything foolish. When we invest in stocks, we invest in businesses.
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I view derivatives as time bombs, both for the parties that deal in them and the economic system.
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I read annual reports of the company I'm looking at and I read the annual reports of the competitors - that is the main source of material.
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The gross profits in many workouts appear quite small. It's a little like looking for parking meters with some time left on them. However, the predictability coupled with a short holding period produces quite decent average annual rates of return after allowance for the occasional substantial loss.
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The best education you can get is investing in yourself, and that doesn't mean college or university.
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If you want a government that's going to do the things we ask our government to do, you've got to get it from somebody.
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You pay a very high price in the stock market for a cheery consensus.
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What's nice about investing is you don't have to swing at every pitch.
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I'm sitting with six and a half billion dollars we're going to use to close the Mars-Wrigley deal on October 6. I've got to hand over that six and a half billion on October 6. Now, I have to be very careful about who I leave it in between now and then, because they're expecting that he show up.
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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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If I got a chance to take one percent of the deal either way, I would make that bet.
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Every day that goes by, I mean, if you don't react to Pearl Harbor for a week or two weeks or three weeks, you're behind in the war that you otherwise would have fought.
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If you don't make mistakes you can't make decisions.
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Focus alone is not enough putting in the time to commit is also crucial to achieve success.
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We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'
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Investing is forgoing consumption now in order to have the ability to consume more at a later date.
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If you don't find a way to make money while you sleep, you will work until you die.
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I spend twelve hours a week - a little over 10% of my waking hours - playing the game. Now I am trying to figure out how to get by on less sleep in order to fit in a few more hands.
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An IPO is like a negotiated transaction - the seller chooses when to come public - and it's unlikely to be a time that's favourable to you.
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The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.
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