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It's going to be tough because the economy is going to be getting worse for a while. And it might fall off a cliff if this doesn't pass. But nobody will ever know that if it does.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Doesn
Cliffs
Doe
Pass
Ever
Worse
Might
Tough
Going
Nobody
Economy
Getting
Fall
Cliff

More quotes by Warren Buffett

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Well, I think the biggest mistake is not learning the habits of saving properly early. Because saving is a habit. And then, trying to get rich quick. It's pretty easy to get well-to-do slowly. But it's not easy to get rich quick.
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Our goal is to find an outstanding business at a sensible price, not a mediocre business at a bargain price.
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A public-opinion poll is no substitute for thought.
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In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
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I certainly do believe anyone engaged in the management of money should have a standard of measurement, and that both he and the party whose money is managed should have a clear understanding why it is the appropriate standard, what time period should be utilized, etc.
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I mean the truth is, I've never had it so good in terms of taxes. I am paying the lowest tax rate that I've ever paid in my life.
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As one of my older friends says, Nostalgia just isn't what it used to be. Let's take a stab at it, anyway.
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This country is going - be living better ten years from now than it is now. It will be living better in 20 years from now than ten years from now. The ingredients that made this country, you know, the miracle of the world - I mean we had a seven for one improvement in the average American standard of living in the 20th century.
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If you want to shoot rare, fast-moving elephants, you should always carry a loaded gun.
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A pack of lemmings looks like a group of rugged individualists compared with Wall Street when it gets a concept in its teeth.
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In my view, [the trade deficit] will create political turmoil at some point...Pretty soon, I think there will be a big adjustment.
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With enough insider information and a million dollars, you can go broke in a year.
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Never be afraid to ask for too much when selling or offer too little when buying.
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You can't make a good deal with a bad person.
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Turnarounds seldom turn.
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You don't have to be a genius to invest well
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You’d get very rich if you thought of yourself as having a card with only twenty punches in a lifetime, and every financial decision used up one punch. You’d resist the temptation to dabble. You’d make more good decisions and you’d make more big decisions.
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I was lucky to have the right heroes. Tell me who your heroes are and I'll tell you how you'll turn out to be. The qualities of the one you admire are the traits that you, with a little practice, can make your own, and that, if practiced, will become habit forming.
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Forecasts may tell you a great deal about the forecaster they tell you nothing about the future.
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Benign neglect, bordering on sloth, remains the hallmark of our investment process.
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