Diversification may preserve wealth, but concentration builds wealth.
WARREN BUFFETTThe difference between successful people and really successful people is that really successful people say no to almost everything.
More Warren Buffett Quotes
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It’s nice to have a lot of money, but you know, you don’t want to keep it around forever. I prefer buying things. Otherwise, it’s a little like saving sex for your old age.
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The stock market is designed to transfer money from the active to the patient.
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There seems to be some perverse human characteristic that likes to make easy things difficult.
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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 most important quality for an investor is temperament, not intellect.
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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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Money is not everything. Make sure you earn a lot before speaking such nonsense.
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When you combine ignorance and leverage, you get some pretty interesting results.
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In the world of business, the people who are most successful are those who are doing what they love.
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It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.
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If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.
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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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Do not save what is left after spending; instead spend what is left after saving.
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Stocks are the only thing that people are happy to buy when the price goes up.
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The dumbest reason in the world to buy a stock is because it’s going up.
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