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Resolution Trust Company was set up to liquidate a bunch of assets that the government had inherited because the savings and loans went broke.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Government
Assets
Resolution
Saving
Broke
Liquidate
Bunch
Loans
Trust
Inherited
Went
Savings
Company
Loan

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The most dangerous distractions are the ones you love, but that don’t love you back.
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The smartest side to take in a bidding war is the losing side.
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I do not like debt and do not like to invest in companies that have too much debt, particularly long-term debt. With long-term debt, increases in interest rates can drastically affect company profits and make future cash flows less predictable.
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Be fearful when the markets get greedy, be greedy when the markets get fearful.
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Never be afraid to ask for too much when selling or offer too little when buying.
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Always associate yourself with people who are better than you.
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Intensity is the price of excellence.
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The best business returns are usually achieved by companies that are doing something quite similar today to what they were doing five or ten years ago.
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I like to buy things I can understand. I do a lot of research on things.
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If I eat 2,700 calories a day, a quarter of that is Coca-Cola.
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