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I've never been very fully employed either but just think of what it's like, you know, to go home with a mortgage payment you know and kids and everything else. My dad had that happen to him in the early '30s.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Never
Early
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Either
Thinking
Happen
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Mortgage
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Everything
Dad

More quotes by Warren Buffett

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I bought a company in the mid-90s called Dexter Shoe and paid $400 million for it. And it went to zero. And I gave about $400 million worth of Berkshire stock, which is probably now worth $400 billion. But I've made lots of dumb decisions. That's part of the game.
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it's a good idea to review past mistakes before committing new ones.
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The good thing is, we have household formation in this country.
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A stock doesn't know that you own it.
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I never buy anything unless I can fill out on a piece of paper my reasons. I may be wrong, but I would know the answer to that ...I'm paying $32 billion today for the Coca Cola Company because... If you can't answer that question, you shouldn't buy it. If you can answer that question, and you do it a few times, you'll make a lot of money.
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In a difficult business, no sooner is one problem solved than another surfaces - never is there just one cockroach in the kitchen.
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Do not save what is left after spending, but spend what is left after saving.
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Never do anything in life if you would be ashamed of seeing it printed on the front page of your hometown newspaper for your friends and family to see.
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If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.
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There seems to be some perverse human characteristic that likes to make easy things difficult.
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It is better to point out your own mistakes than have somebody else do it.
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An IPO is like a negotiated transaction - the seller chooses when to come public - and it's unlikely to be a time that's favourable to you.
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In economics, you always want to ask 'And then what?'
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You can't help some increase from this point. I don't want any viewer to go away think a magic wand exists in Congress. So they're going to see some more bad news. But if we do this, we're doing the right thing.
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If you don't know the Jewelry, know the Jeweller
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All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.
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It's very important that the determination of the US Congress to do what is is needed be made evident this week and by the actions of most of the members. I mean, you're not going to get total assent.
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Occasionally, a man must rise above principles.
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We also believe candour benefits us as managers. The CEO who misleads often in public eventually misleads himself in private.
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I think I could make you fifty percent a year on one million dollars. No, I know I could. I guarantee that.
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