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AIG would be doing fine today. It was one of the ten largest companies in the United States in terms of market value, over 200 billion, the most respected insurer and everything in the world.
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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Time is the friend of the wonderful company, the enemy of the mediocre.
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Larger sums may be an advantage at some cases and a disadvantage at others.
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We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II.
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There are three kinds of people: 1. Innovators. 2. Imitators. 3. Idiots.
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Never invest in a business you don't understand.
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It is not necessary to do extraordinary things to get extraordinary results.
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The U.S. Treasury has got borrowing costs like nobody else has.
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