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If AIG had tried to unwind their derivatives books. I don't know. It would have hit every institution in the world.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Institutions
Tried
Books
Book
Every
Would
Unwind
World
Derivatives
Institution

More quotes by Warren Buffett

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If anything, taxes for the lower and middle class and maybe even the upper-middle class should even probably be cut further. But I think that people at the high end - people like myself - should be paying a lot more in taxes. We have it better than we've ever had it.
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I've often felt there might be more to be gained by studying business failures than business successes.
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I find that the standard of living does not go up in proportion with the cost of living. The trick in life is to do things that are fun all the time.
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The nature of democracy is such that when there's - there'll be revulsion, obviously, towards - that's never going to happen again.
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A pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons: First, many in Wall Street (a community in which quality control is not prized) will sell investors anything they will buy. Second, speculation is most dangerous when it looks easiest.
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The smartest side to take in a bidding war is the losing side.
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I look at everything. That's my job. I really do, every day. I think about everything.
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There's not many businesses where someone can come in and offer to cut the price in half and somebody doesn't think about shifting. But that's the nature of the ratings business.
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It is easier to rationalize than it is to be rational.
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If, when making a stock investment, you're not considering holding it at least ten years, don't waste more than ten minutes considering it.
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Let only individuals contribute - with sensible limits per election. Otherwise, we are well on our way to ensuring that a government of the moneyed, by the moneyed, and for the moneyed shall not perish from the earth.
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What the wise do in the beginning, fools do in the end.
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Take Wrigley's Chewing Gum. I don't think the Internet is going to change how people chew gum.
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Money to some extent sometimes let you be in more interesting environments. But it can't change how many people love you or how healthy you are.
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It’s not that I want money. It’s the fun of making money and watching it grow.
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Working with people who cause your stomach to churn seems much like marrying for money - probably a bad idea under any circumstances, but absolute madness if you are already rich.
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I'll bring my tax returns you bring yours. I'll meet you anytime anywhere.
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We've seen what can be accomplished when we use 50% of our human capacity. If you visualize what 100% can do, you'll join me as an unbridled optimist about America's future.
Warren Buffett
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Do not put all your eggs in one basket.
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I want to be able to explain my mistakes. This means I do only the things I completely understand.
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