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The great personal fortunes in the country weren't built on a portfolio of fifty companies. They were built by someone who identified one wonderful business. With each investment you make, you should have the courage and the conviction to place at least 10% of your net worth in that stock.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
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Omaha
Nebraska
Warren Edward Buffett
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I don't measure my life by the money I've made. Other people might, but certainly don't.
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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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Resolution Trust Company was set up to liquidate a bunch of assets that the government had inherited because the savings and loans went broke.
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So if you are evaluating others (or yourself!) in the investment field, think out some standards - apply them - interpret them.
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Inactivity strikes us as intelligent behavior.
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While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks.
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