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The patient that's on the floor with the cardiac arrest is not Wall Street. It's the American economy.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
American
Cardiac
Arrest
Floor
Patient
Street
Streets
Wall
Economy

More quotes by Warren Buffett

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The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It's optimism that is the enemy of the rational buyer.
Warren Buffett
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I read annual reports of the company I'm looking at and I read the annual reports of the competitors - that is the main source of material.
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House prices just soared beyond - beyond reason in many places and they got financed in silly ways, and people lied about loans, all kinds of accesses entered into it. But that is what - that is the single biggest cause of why we're here.
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If you've got the power to raise prices without losing business to a competitor, you've got a very good business. And if you have to have a prayer session before raising the price by a tenth of a cent, then you've got a terrible business. I've been in both, and I know the difference.
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I can do anything I want, basically, as long as it doesn't involve athletic ability, or something like that.
Warren Buffett
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What we learn from history is that people don't learn from history.
Warren Buffett
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All I have to do is think and not be influenced by others.
Warren Buffett
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Our approach is very much profiting from lack of change rather than from change.
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You can't make a good deal with a bad person.
Warren Buffett
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There is no substitute for a local newspaper that is doing its job.
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If you understood a business perfectly and the future of the business, you need very little in the way of a margin of safety.
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Good profits simply are not inconsistent with good behavior.
Warren Buffett
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Other guys read Playboy. I read annual reports.
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The smarter the journalists are, the better off society is.
Warren Buffett
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It is not necessary to do extraordinary things to get extraordinary results.
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I tell college students, when you get to be my age you will be successful if the people who you hope to have love you, do love you.
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The speed at which a business success is recognized, furthermore, is not that important as long as the company's intrinsic value is increasing at a satisfactory rate. In fact, delayed recognition can be an advantage: It may give us the chance to buy more of a good thing at a bargain price.
Warren Buffett
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The great personal fortunes in the country weren't built on a portfolio of fifty companies. They were built by someone who identified one wonderful business. With each investment you make, you should have the courage and the conviction to place at least 10% of your net worth in that stock.
Warren Buffett
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The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.
Warren Buffett
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Two rules: 1. Preserve the principal 2. When in doubt, see Rule #1.
Warren Buffett