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Derivatives are like sex. It's not who we're sleeping with, it's who they're sleeping with that's the problem.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Problem
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Derivatives
Sleeping
Sex
Sleep
More quotes by Warren Buffett
We have long felt that the only value of stock forecasters is to make fortune-tellers look good.
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A hyperactive stock market is the pickpocket of enterprise.
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A home is one of the most important assets that most people will ever buy. Homes are also where memories are made and you want to work with someone you can trust.
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The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.
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I mean the truth is, I've never had it so good in terms of taxes. I am paying the lowest tax rate that I've ever paid in my life.
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Gold has two significant shortcomings, being neither of much use nor procreative.
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If you have a harem of 40 women, you never get to know any of them very well.
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I look at everything. That's my job. I really do, every day. I think about everything.
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You don't need to have extraordinary effort to achieve extraordinary results. You just need to do the ordinary, everyday things exceptionally well.
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Life is like a snowball. The important thing is finding wet snow and a really long hill.
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I think the worst mistake you can make in stocks is to buy or sell based on current headlines.
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If you’re in the luckiest one per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.
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The .350 hitter expects, and also deserves, a big payoff for his performance - even if he plays for a cellar-dwelling team. And a .150 hitter should get no reward - even if he plays for a pennant winner.
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You can be sure that over the next 10 years, you'll see something that you did not think was possible.
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Paradoxically, when 'dumb' money acknowledges its limitations, it ceases to be dumb.
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Don't settle for anything other than your passion - if you're lucky enough to find it.
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Confidence is key. You're not going to put your money - you're not going to leave your money with me unless you're confident I'm going to give it back to you.
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Trust is like the air we breathe--when it's present, nobody really notices when it's absent, everybody notices.
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I mean, you can explain the fact that these are depressed prices, you know. We think these assets are going to be worth a lot more. And I think that case can be made in certain situations. But I think to just say, you know, we're going to say a dollar of cash is worth $2 all of a sudden, it isn't worth $2. It's worth a dollar today.
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In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
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