If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.
WARREN BUFFETTIn the long run managements stressing accounting appearance over economic substance usually achieve little of either.
More Warren Buffett Quotes
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When you combine ignorance and leverage, you get some pretty interesting results.
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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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Never depend on single income. Make investment to create a second source.
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The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.
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Never ask a barber if you need a haircut.
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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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Never be afraid to ask for too much when selling or offer too little when buying.
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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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Why not invest your assets in the companies you really like? As Mae West said, ‘Too much of a good thing can be wonderful.
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A public-opinion poll is no substitute for thought.
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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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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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Price is what you pay. Value is what you get.
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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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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.
WARREN BUFFETT