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I would push purchasing power - you push out $1,000 of purchasing to those people, it's going to get - it's going to get spent. And it needs to be spent. They need it. And it should come, to some extent, from guys like me.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
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More quotes by Warren Buffett
Having a large amount of leverage is like driving a car with a dagger on the steering wheel pointed at your heart. If you do that, you will be a better driver. There will be fewer accidents but when they happen, they will be fatal.
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You only have to do a very few things right in your life so long as you don't do too many things wrong.
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Our approach is very much profiting from lack of change rather than from change.
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I think people - what people want to do is make [economy] get worse.
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Do not save what is left after spending, but spend what is left after saving.
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Very successful people say no to almost everything.
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There seems to be some perverse human characteristic that likes to make easy things difficult.
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So smile when you read a headline that says Investors lose as market falls. Edit it in your mind to Disinvestors lose as market falls-but investors gain. Though writers often forget this truism, there is a buyer for every seller and what hurts one necessarily helps the other. (As they say in golf matches: Every putt makes someone happy.
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Never depend on single income. Make investment to create a second source.
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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
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