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I know the country works extremely well. You know, but when it isn't clogged up.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Clogged
Extremely
Works
Wells
Well
Country
More quotes by Warren Buffett
The secret to happiness is having low expectations.
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Energy deregulation will be the largest transfer of wealth in history.
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Two rules: 1. Preserve the principal 2. When in doubt, see Rule #1.
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What we learn from history is that people don't learn from history.
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Many stock options in the corporate world have worked in exactly that fashion: they have gained in value simply because management retained earnings, not because it did well with the capital in its hands.
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A single year's performance is of minor importance and, good or bad, should never be taken seriously.
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Bull markets and Bear markets can obscure mathematical laws, they cannot repeal them.
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It is better to point out your own mistakes than have somebody else do it.
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If you don’t feel comfortable making a rough estimate of the asset’s future earnings, just forget it and move on. No one has the ability to evaluate every investment possibility. But omniscience isn’t necessary you only need to understand the actions you undertake.
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Truly conservative actions arise from intelligent hypotheses, correct facts and sound reasoning.
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I think that trying to invest through 535 people is a tough job, you know, and so I would give more latitude.
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There's nothing inappropriate about having debt in America. It's what helped us grow over time. And it's when debt gets out of control that you worry.
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When asked how he became so successful in investing, Buffett answered: 'we read hundreds and hundreds of annual reports every year.
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It's good to learn from your mistakes. It's better to learn from other people's mistakes.
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We always live in an uncertain world. What is certain is that the United States will go forward over time.
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So some guy may know how to make money in cocoa beans, but I don't so I just let him have that. But it's got to be something I understand. It's got to be a business with fundamentally good economics. It's got to be a management that I like and trust and admire. And it's got to be a price that makes sense.
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When they get their ego involved, people do things they shouldn't do.
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The typical large company has a compensation committee, They don't look for Dobermans on that committee, they look for chihuahuas.
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I have worked with investors for 60 years and I have yet to see anyone - not even when capital gains rates were 39.9 percent in 1976-77 - shy away from a sensible investment because of the tax rate on the potential gain.
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The trick is, when there is nothing to do, do nothing.
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