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Stocks of companies selling commodity-like products should come with a warning label: Competition may prove hazardous to human wealth.

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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Commodity
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Human
Companies
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More quotes by Warren Buffett

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I just don't see anything available that gives any reasonable hope of delivering such a good year and I have no desire to grope around, hoping to 'get lucky' with other people's money. I am not attuned to this market environment, and I don't want to spoil a decent record by trying to play a game I don't understand just so I can go out a hero.
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Investing requires qualities of temperament way more than it requires qualities of intellect.
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In some corner of the world they are probably still holding regular meetings of the Flat Earth Society. We derive no comfort because important people, vocal people, or great numbers of people agree with us. Nor do we derive comfort if they don't.
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I've never been very fully employed either but just think of what it's like, you know, to go home with a mortgage payment you know and kids and everything else. My dad had that happen to him in the early '30s.
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Diversification is protection against ignorance. It makes little sense if you know what you are doing.
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I certainly do believe anyone engaged in the management of money should have a standard of measurement, and that both he and the party whose money is managed should have a clear understanding why it is the appropriate standard, what time period should be utilized, etc.
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We've been in a recession, by any common sense definition, because if you look at the American public, they've got 20 billion - 20 trillion, I should say, worth of residential homes.
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You only have to do a very few things right in your life so long as you don't do too many things wrong.
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Never depend on single income. Make investment to create a second source.
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If principles can become dated, they're not principles.
Warren Buffett
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I don't know that I could draw one that's perfect. But I'd rather by approximately right than precisely wrong, and it would be precisely wrong to turn it down.
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I know that Congress will do the right thing.
Warren Buffett
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A very rich person should leave his kids enough to do anything, but not enough to do nothing.
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Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
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The dumbest reason in the world to buy a stock is because it's going up.
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Possessing a powerful worldwide brand is essential for sustained success.
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We don't have to be smarter than the rest. We have to be more disciplined than the rest.
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I choose to work with every single person that I work with. That ends up being the most important factor. I don't interact with people I don't like or admire. That's the key. It's like marrying.
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Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.
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Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.
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