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You should look at stocks as small pieces of business.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Stocks
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Small
Business
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More quotes by Warren Buffett
We are in effect making a - to some extent, making a choice between future inflation and getting our - getting off the floor. And we're likely - we're likely to have more inflation in the future as a consequence of the things we do to fight the present situation.
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My idea of a group decision is to look in the mirror.
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We have long felt that the only value of stock forecasters is to make fortune-tellers look good.
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Interest rates are to asset prices what gravity is to the apple. When there are low interest rates, there is a very low gravitational pull on asset prices.
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An investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace.
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Larger sums may be an advantage at some cases and a disadvantage at others.
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You get what I call the natural progression, the three Is. The innovators, the imitators, and the idiots.
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I'm not worried they're all about the investments we make. I mean, listen, this country - we've got $46,000 or $47,000 of GDP per capita. Now, we've done pretty darn well. We'll do better in the future.
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Although we deal with probabilities and expectations, the actual results can deviate substantially from such expectations, particularly on a short-term basis.
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If you understood a business perfectly and the future of the business, you need very little in the way of a margin of safety.
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What we really want to do is buy businesses that we would be happy to own forever.
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When the brothel burns down, even the pretty girls have to run out.
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If you lose money for the firm, I will be forgiving. If you lose reputation, I will be ruthless.
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Failure comes from ego, greed, envy, fear, imitation. I have success not because I am smart, but because I am rational.
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Never do anything in life if you would be ashamed of seeing it printed on the front page of your hometown newspaper for your friends and family to see.
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Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
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I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.
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The greatest Enemies of the Equity investor are Expenses and Emotions.
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Money will not change how healthy you are or how many people love you.
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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.
Warren Buffett