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The latter qualification brings to mind a fellow who applied for a job and stated he had twenty years of experience-which was corrected by a former employer to read one year's experience-twenty times.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
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Omaha
Nebraska
Warren Edward Buffett
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More quotes by Warren Buffett
I always knew I was going to be rich. I don't think I ever doubted it for a minute.
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I think confidence will come back.
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The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.
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I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here.
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Emotional makeup is more important than technical skill
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I knew a lot about what I did when I was 20. I had read a lot, and I aspired to learn everything I could about the subject.
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We've got more productive capacity now than we ever have.
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I have worked with investors for 60 years and I have yet to see anyone - not even when capital gains rates were 39.9 percent in 1976-77 - shy away from a sensible investment because of the tax rate on the potential gain.
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Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.
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Good profits simply are not inconsistent with good behavior.
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If you expect to continue to purchase stocks throughout your life, you should welcome price declines as a way to add stocks more cheaply to your portfolio.
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We've used derivatives for many, many years. I don't think derivatives are evil, per se, I think they are dangerous.
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What's going to happen - things we're doing are going to have some inflationary consequences.
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It's the deleveraging that's going on right now that has caused the credit crisis.
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The extraordinary business does not require good management.
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I mean there is no capital requirements to it or anything of the sort. And basically, I said there were possibly financial weapons of mass destruction, and they had them. They destroyed AIG. They certainly contributed to the destruction of Bear Sterns and Lehman. Although Lehman had other problems, too.
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I sent one e-mail in my life. I sent it to Jeff Raikes at Microsoft, and it ended up in court in Minneapolis, so I am one for one.
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For some reason people take their cues from price action rather than from values. Price is what you pay. Value is what you get.
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