In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
WARREN BUFFETTSomeone’s sitting in the shade today because someone planted a tree a long time ago.
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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The more you learn, the more you’ll earn.
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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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We don’t get paid for being busy, we get paid for being right.
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Our favorite holding period is forever.
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You can’t make a good deal with a bad person.
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Other guys read Playboy. I read annual reports.
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Tell me who your heroes are and I’ll tell you how you’ll turn out to be.
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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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Failing conventionally is the route to go; as a group, lemmings may have a rotten image, but no individual lemming has ever received bad press.
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Never ask a barber if you need a haircut.
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It’s much easier to stay out of trouble now than to get out of trouble later.
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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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An investor should act as though he had a lifetime decision card with just twenty punches on it.
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Diversification may preserve wealth, but concentration builds wealth.
WARREN BUFFETT







