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I think I could make you fifty percent a year on one million dollars. No, I know I could. I guarantee that.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
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More quotes by Warren Buffett
I like to go for cinches. I like to shoot fish in a barrel. But I like to do it after the water has run out.
Warren Buffett
What could be more advantageous in an intellectual contest - whether it be chess, bridge, or stock selection - than to have opponents who have been taught that thinking is a waste of energy?
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In the great majority of cases we simply do not know enough about the industry or company to come to sensible judgments-in that situation we pass.
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There are all kinds of businesses that Charlie and I don't understand, but that doesn't cause us to stay up at night. It just means we go on to the next one, and that's what the individual investor should do.
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If you own a wonderful business...the best thing to do is keep it. All you're going to do is trade your wonderful business for a whole bunch of cash, which isn't as good as the business, and you got the problem of investing in other businesses, and you probably paid a tax in between. So my advice to anybody who owns a wonderful business is keep it.
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Charlie [Munger] and I are not big fans of resumes. Instead, we focus on brains, passion and integrity.
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I put heavy weight on certainty. It's not risky to buy securities at a fraction of what they're worth.
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If I eat 2,700 calories a day, a quarter of that is Coca-Cola.
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In economics, you always want to ask 'And then what?'
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It's nice to have a lot of money, but you know, you don't want to keep it around forever. I prefer buying things. Otherwise, it's a little like saving sex for your old age.
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If you have a great manager, you want to pay him very well.
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There's not many businesses where someone can come in and offer to cut the price in half and somebody doesn't think about shifting. But that's the nature of the ratings business.
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Of one thing be certain: if a CEO is enthused about a particularly foolish acquisition, both his internal staff and his outside advisors will come up with whatever projections are needed to justify his stance. Only in fairy tales are emperors told that they are naked.
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It's very important that the determination of the US Congress to do what is is needed be made evident this week and by the actions of most of the members. I mean, you're not going to get total assent.
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Investing is simple, but not easy.
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In other words, the percentage change in book value in any given year is likely to be reasonably close to that year's change in intrinsic value.
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When the president of the United States goes out at, you know, 8:00 o'clock in the morning and then his own party votes gets him 2 to 1 in the house, you know that somehow a message isn't getting out. It takes real leadership.
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Someone is sitting in the shade today because someone planted a tree a long time ago.
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Investing requires qualities of temperament way more than it requires qualities of intellect.
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There is no question we have an access stock.
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