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Ignore the stock market, ignore the economy, and buy a business you understand.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Understand
Business
Stock
Ignore
Market
Economy

More quotes by Warren Buffett

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Mr. Market is kind of a drunken psycho. Some days he gets very enthused, some days he gets very depressed. And when he get really enthused you sell to him, and if he gets depressed, you buy from him. There's no moral taint attached to that.
Warren Buffett
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So if you are evaluating others (or yourself!) in the investment field, think out some standards - apply them - interpret them.
Warren Buffett
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You should invest in a business that even a fool can run, because someday a fool will.
Warren Buffett
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Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
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I made my first investment at age eleven. I was wasting my life up until then.
Warren Buffett
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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.
Warren Buffett
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Like most trends, at the beginning it's driven by fundamentals, at some point speculation takes over. What the wise man does in the beginning, the fool does in the end.
Warren Buffett
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Diversification may preserve wealth, but concentration builds wealth.
Warren Buffett
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It's a nightmare to administer some of this sort of thing, but I want to tell the shareholders of Berkshire, to the percent we own marketable securities or things for which there are market, even if those markets - I want to tell them what it's all about.
Warren Buffett
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To be successful, you should concentrate on the world of companies, not arcane accounting mathematics.
Warren Buffett
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An investor should act as though he had a lifetime decision card with just twenty punches on it.
Warren Buffett
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Would your reply possibly be this? Well, it all depends on what my tax rate will be on the gain you're saying we're going to make. If the taxes are too high, I would rather leave the money in my savings account, earning a quarter of 1 percent. Only in Grover Norquist's imagination does such a response exist.
Warren Buffett
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Your premium brand had better be delivering something special, or it's not going to get the business.
Warren Buffett
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I have worked with investors for 60 years and I have yet to see anyone - not even when capital gains rates were 39.9 percent in 1976-77 - shy away from a sensible investment because of the tax rate on the potential gain.
Warren Buffett
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Investors should remember that excitement and expenses are their enemies.
Warren Buffett
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Lethargy bordering on sloth remains the cornerstone of our investment style. The exception was Wells Fargo, a superbly-managed, high-return banking operation in which we increased our ownership to just under 10%, the most we can own without the approval of the Federal Reserve Board.
Warren Buffett
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The capital gains tax is 15 percent now. So I sit there in my office and I make a lot of money by capital gains, and I pay 15 percent, and I pay no payroll tax on it.
Warren Buffett
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In fact, in my adult lifetime, I don't think I've ever seen people as fearful economically as they are right now.
Warren Buffett
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Focus alone is not enough putting in the time to commit is also crucial to achieve success.
Warren Buffett
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If I got any good ideas out of that or I think they're good ideas, I'll be glad to contribute them but the system will probably overdo some other things.
Warren Buffett