Writing a check separates a commitment from a conversation.
WARREN BUFFETTIf past history was all that is needed to play the game of money, the richest people would be librarians.
More Warren Buffett Quotes
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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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You can’t make a good deal with a bad person.
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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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I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.
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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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An investor should act as though he had a lifetime decision card with just twenty punches on it.
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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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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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If you lose money for the firm, I will be forgiving. If you lose reputation, I will be ruthless.
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Risk comes from not knowing what you’re doing.
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It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.
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Whatever you like to do, make it a hobby and whatever the world likes to do, make it a business.
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It’s only when the tide goes out that you discover who’s been swimming naked.
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The secret to happiness is having low expectations.
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The most important quality for an investor is temperament, not intellect.
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