Diversification is protection against ignorance. It makes little sense if you know what you are doing.
WARREN BUFFETTPrice is what you pay. Value is what you get.
More Warren Buffett Quotes
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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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Time is the friend of the wonderful company, the enemy of the mediocre.
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Learning how to live is much more important than learning how to make a living.
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If you don’t find a way to make money while you sleep, you will work until you die.
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I do know that when I am 60, I should be attempting to achieve different personal goals than those which had priority at age 20.
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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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Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1
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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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No matter how great the talent or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant.
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The Happiest people do not necessarily have the best things. They simply appreciate the things they have.
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I learned to go into business only with people whom I like, trust, and admire.
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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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Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.
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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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Beware of geeks bearing formulas.
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It’s only when the tide goes out that you discover who’s been swimming naked.
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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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A public-opinion poll is no substitute for thought.
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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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The stock market is designed to transfer money from the active to the patient.
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Intensity is the price of excellence.
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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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There seems to be some perverse human characteristic that likes to make easy things difficult.
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Remember that the stock market is a manic depressive.
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Read 500 pages every day. That’s how knowledge works. It builds up like compound interest.
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If you cannot control your emotions, you cannot control your money.
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