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I make no effort to predict the course of general business or the stock market. Period. However, currently there are practices snowballing in the security markets and business world which, while devoid of short term predictive value, bother me as to possible long term consequences.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
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Warren Edward Buffett
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More quotes by Warren Buffett

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I think the rest of the country should be paying less, the 95 percent that [Barack] Obama talks about or maybe even a little higher than that.
Warren Buffett
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If AIG had tried to unwind their derivatives books. I don't know. It would have hit every institution in the world.
Warren Buffett
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The three most important words in investing...Margin of Safety.
Warren Buffett
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We don't have to be smarter than the rest. We have to be more disciplined than the rest.
Warren Buffett
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The only way to be loved is to be loveable, which really irritates me.
Warren Buffett
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In our view, derivatives are financial weapons of mass destruction carrying dangers that, while latent, are potentially lethal.
Warren Buffett
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You get what I call the natural progression, the three Is. The innovators, the imitators, and the idiots.
Warren Buffett
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My job is essentially just corralling more and more and more facts and information, and occasionally seeing whether that leads to some action.
Warren Buffett
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You’d get very rich if you thought of yourself as having a card with only twenty punches in a lifetime, and every financial decision used up one punch. You’d resist the temptation to dabble. You’d make more good decisions and you’d make more big decisions.
Warren Buffett
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We also believe candour benefits us as managers. The CEO who misleads often in public eventually misleads himself in private.
Warren Buffett
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In other words, the percentage change in book value in any given year is likely to be reasonably close to that year's change in intrinsic value.
Warren Buffett
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Of one thing be certain: if a CEO is enthused about a particularly foolish acquisition, both his internal staff and his outside advisors will come up with whatever projections are needed to justify his stance. Only in fairy tales are emperors told that they are naked.
Warren Buffett
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I don't try and guess when to get in and out of the market. I have owned stocks consistently since 1942. I owned the - I was buying stocks the day before the election. I was buying the same stocks the day after election. And if Hillary had been elected, it would have been the same thing.
Warren Buffett
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A newspaper that reduces its coverage of the news important to its community is certain to reduce its readership as well
Warren Buffett
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If you do smart things and use leverage and do one wrong thing along the way, it could wipe you out, because anything times zero is zero. But it's reinforcing when the people around you are doing it successfully, you're doing it successfully, and it's a lot like Cinderella at the ball.
Warren Buffett
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Like most trends, at the beginning it's driven by fundamentals, at some point speculation takes over. What the wise man does in the beginning, the fool does in the end.
Warren Buffett
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There are three kinds of people: 1. Innovators. 2. Imitators. 3. Idiots.
Warren Buffett
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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.
Warren Buffett
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I think any time you couple the term Wall Street with bailout or something like that, you know - I don't like what's going on in Wall Street.
Warren Buffett
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The value of a business is the cash it's going to produce in the future.
Warren Buffett