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Either they're trying to con you or they're trying to con themselves.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Either
Trying
More quotes by Warren Buffett
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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Investing is simple, but not easy.
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I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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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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If I were the treasury secretary or head of the Fed, you know, I would try to scare the hell the out of the private sector and say, you better save this because you're going down with the ship.
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A contrarian approach is just as foolish as a follow-the-crowd strategy. What's required is thinking rather than polling.
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A pin lies in wait for every bubble and when the two eventually meet, a new wave of investors learns some very old lessons.
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A public-opinion poll is no substitute for thought.
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Banking is very good business if you don't do anything dumb.
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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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You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing. I've never borrowed a significant amount of money in my life. Never. Never will. I've got no interest in it.
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The dominant factors affecting control valuations are earning power (past and prospective) and asset values.
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Turnarounds seldom turn.
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You don't have to be a genius to invest well
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When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
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Let blockheads read what blockheads wrote.
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You can't help some increase from this point. I don't want any viewer to go away think a magic wand exists in Congress. So they're going to see some more bad news. But if we do this, we're doing the right thing.
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I know that Congress will do the right thing.
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Do not take yearly results too seriously. Instead, focus on four or five-year averages.
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Good profits simply are not inconsistent with good behavior.
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