Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in one-night stands a romantic.
WARREN BUFFETTAn investor should act as though he had a lifetime decision card with just twenty punches on it.
More Warren Buffett Quotes
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Wall Street is the only place that people drive to in a Rolls Royce to take advice from people who ride the subway.
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You don’t need to have extraordinary effort to achieve extraordinary results. You just need to do the ordinary, everyday things exceptionally well.
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The key to success is emotional stability.
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Diversification may preserve wealth, but concentration builds wealth.
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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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If you’re in the luckiest one percent of humanity, you owe it to the rest of humanity to think about the other 99 percent.
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There seems to be some perverse human characteristic that likes to make easy things difficult.
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Price is what you pay. Value is what you get.
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I try to invest in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.
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Risk comes from not knowing what you’re doing.
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Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.
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Buy a stock the way you would buy a house. Understand and like it such that you’d be content to own it in the absence of any market.
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When you combine ignorance and leverage, you get some pretty interesting results.
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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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Life is like a snowball. The important thing is finding wet snow and a really long hill.
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