In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
WARREN BUFFETTIf you’re in the luckiest one percent of humanity, you owe it to the rest of humanity to think about the other 99 percent.
More Warren Buffett Quotes
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Diversification may preserve wealth, but concentration builds wealth.
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If a business does well, the stock eventually follows.
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Other guys read Playboy. I read annual reports.
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Whatever you like to do, make it a hobby and whatever the world likes to do, make it a business.
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People will always try to stop you from doing the right thing if it is unconventional.
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Never ask a barber if you need a haircut.
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I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are greedy.
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It takes 20 years to build a reputation and five minuted to ruin it. If you think about that you’ll do things differently.
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There seems to be some perverse human characteristic that likes to make easy things difficult.
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The most important quality for an investor is temperament, not intellect.
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Trust is like the air we breathe. When it’s present, nobody really notices; when it’s absent, everybody notices.
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Games are won by players who focus on the playing field, not by those whose eyes are glued to the scoreboard.
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Never test the depth of river with both the feet.
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Someone’s sitting in the shade today because someone planted a tree a long time ago.
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Risk comes from not knowing what you’re doing.
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The Happiest people do not necessarily have the best things. They simply appreciate the things they have.
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The secret to happiness is having low expectations.
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The difference between successful people and really successful people is that really successful people say no to almost everything.
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We don’t have to be smarter than the rest. We have to be more disciplined than the rest.
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The rich invest in time, the poor invest in money.
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The most important investment you can make is in yourself.
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The greatest investment a young person can make is in their own education, in their own mind. Because money comes and goes. Relationships come and go. But what you learn once stays with you forever.
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I learned to go into business only with people whom I like, trust, and admire.
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People always ask me where they should go to work, and I always tell them to go to work for whom they admire the most.
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I always knew I was going to be rich. I don’t think I ever doubted it for a minute.
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Outstanding long-term results are produced primarily by avoiding dumb decisions, rather than by making brilliant ones.
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