When people tell me they’ve learned from experience, I tell them the trick is to learn from other people’s experience.
WARREN BUFFETTPeople will always try to stop you from doing the right thing if it is unconventional.
More Warren Buffett Quotes
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If you lose money for the firm, I will be forgiving. If you lose reputation, I will be ruthless.
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In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
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Someone’s sitting in the shade today because someone planted a tree a long time ago.
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Time is the friend of the wonderful company, the enemy of the mediocre.
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The stock market is designed to transfer money from the active to the patient.
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Failure comes from ego, greed, envy, fear, imitation. I have success not because I am smart, but because I am rational.
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I never invest in anything that I don’t understand.
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Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.
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If you buy things you do not need, soon you will have to sell things you need.
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Never be afraid to ask for too much when selling or offer too little when buying.
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There seems to be some perverse human characteristic that likes to make easy things difficult.
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Never test the depth of river with both the feet.
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The dumbest reason in the world to buy a stock is because it’s going up.
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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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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.
WARREN BUFFETT