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I'd rather have a $10 million business making 15 per cent than a $100 million business making 5 per cent.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Business
Cent
Cents
Million
Millions
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Making
More quotes by Warren Buffett
Buy a business, don't rent stocks.
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The American economy is going to do fine. But it won't do fine every year and every week and every month. I mean, if you don't believe that, forget about buying stocks anyway... It's a positive-sum game, long term. And the only way an investor can get killed is by high fees or by trying to outsmart the market.
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Only when the tide goes out do you discover who's been swimming naked.
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In the world of business, the people who are most successful are those who are doing what they love.
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An ounce of prevention is worth a pound of cure understated.
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What the human being is best at doing is interpreting all new information so that their prior conclusions remain intact.
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Why not invest your assets in the companies you really like? As Mae West said, 'Too much of a good thing can be wonderful'.
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Asset values and earning power are the dominant factors affecting the valuation of a controlling interest in a business. Market price, which governs valuation of minority interest positions, is of little or no importance in valuing a controlling interest.
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If you're in a card game and you can't figure out who the patsy is, you're it.
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The wise man once said invest young
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I think it will get moving faster. I mean once you get it off the - once credit flows - now the recession is going to get worse.
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We don't get paid for being busy, we get paid for being right.
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Buy a cross section of American industry, and if a cross section of American industry doesn't work, certainly trying to pick the little beauties here and there isn't going to work either.
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Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to purchase $2 of earnings that is not reportable by us under standard accounting principles than to purchase $1 of earnings that is reportable.
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Investors... can't pick stocks that are better than average. Stocks are a good thing to own over time. There's only two things you can do wrong: You can buy the wrong ones, and you can buy or sell them at the wrong time. And the truth is you never need to sell them.
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If you can't communicate and talk to other people and get across your ideas, you're giving up your potential.
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We will only do with your money what we would do with our own.
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It's just that right now the athlete's on the floor. But we - this is a super athlete.
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It's the deleveraging that's going on right now that has caused the credit crisis.
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