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I have always cautioned partners that I considered three years a minimum in determining whether we were performing.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Performing
Considered
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Three
Years
Cautioned
Always
Determining
Minimum
Partners
More quotes by Warren Buffett
You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.
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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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You're neither right nor wrong because other people agree with you. You're right because your facts are right and your reasoning is right - that's the only thing that makes you right. And if your facts and reasoning are right, you don't have to worry about anybody else.
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If you want to shoot rare, fast-moving elephants, you should always carry a loaded gun.
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The market system rewards me outlandishly for what I do, but that doesn't mean I'm any more deserving of a good life than a teacher or a doctor or someone who fights in Afghanistan.
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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.
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When investing, pessimism is your friend, euphoria the enemy.
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I'll take the deal, whatever you want to do.
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We can afford to lose money - even a lot of money. But we can't afford to lose reputation - even a shred of reputation.
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I measure success by how many people love me. And the best way to be loved is to be lo veable.
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It is unquestionably true that the investment companies have their money more conventionally invested than we do. To many people conventionality is indistinguishable from conservatism. In my view, this represents erroneous thinking. Neither a conventional nor an unconventional approach, per se, is conservative.
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Money is not everything. Make sure you earn a lot before speaking such nonsense.
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We like to buy businesses, but we don't like to sell them.
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Focus on return on equity, not earnings per share.
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We set no volume goals in our insurance business generally-and certainly not in reinsurance-as virtually any volume can be achieved if profitability standards are ignored.
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We're perfectly willing to trade away a big payoff for a certain payoff.
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I don't want to be on the other side of the table from the customer. I was never selling anything that I didn't believe in myself or use myself.
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