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I'm putting all my money in the Chinese toy market.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Market
Money
Toys
Chinese
Putting
More quotes by Warren Buffett
The plan itself is opportunism. There is no plan before that.
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I have three boxes on my desk: In, Out, and Too Hard.
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If, when making a stock investment, you're not considering holding it at least ten years, don't waste more than ten minutes considering it.
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The American worker is more productive than he's ever been.
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The much-maligned idle rich have received a bad rap: They have maintained their wealth while many There is scarcely an instance of a man who has made a fortune by speculation and kept it. Andrew Carnegie of the energetic rich, aggressive real estate operators, corporate acquirers, oil drillers, etc. have their fortunes disappear.
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Diversification may preserve wealth, but concentration builds wealth.
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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.
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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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I did not think I would see the day when, you know, an AIG would not be able to have its checks clear.
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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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If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value.
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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'd rather have a $10 million business making 15 per cent than a $100 million business making 5 per cent.
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Money will always flow toward opportunity, and there is an abundance of that in America.
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People will always try to stop you from doing the right thing if it is unconventional.
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A CEO's behavior has a huge impact on managers down the line.
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That's the reality of what they're going to sell them to the Treasury for.
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You can't make a good deal with a bad person.
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Investing in a market where people believe in efficiency is like playing bridge with someone who has been told it doesn't do any good to look at the cards.
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