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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.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Cases
Simply
Situation
Judgments
Company
Sensible
Come
Pass
Enough
Majority
Great
Judgment
Industry

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I get to do what I like to do every single day of the year.
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Derivatives are financial weapons of mass destruction.
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Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining life.
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It's good to learn from your mistakes. It's better to learn from other people's mistakes.
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The critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price.
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The plan itself is opportunism. There is no plan before that.
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If horses had controlled investment decisions, there would have been no auto industry.
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We always live in an uncertain world. What is certain is that the United States will go forward over time.
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