It’s good to learn from your mistakes. It’s better to learn from other people’s mistakes.
WARREN BUFFETTWhy not invest your assets in the companies you really like? As Mae West said, ‘Too much of a good thing can be wonderful.
More Warren Buffett Quotes
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Diversification is protection against ignorance. It makes little sense if you know what you are doing.
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Never ask a barber if you need a haircut.
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There seems to be some perverse human characteristic that likes to make easy things difficult.
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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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An investor should act as though he had a lifetime decision card with just twenty punches on it.
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People will always try to stop you from doing the right thing if it is unconventional.
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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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Price is what you pay. Value is what you get.
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Do not save what is left after spending; instead spend what is left after saving.
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Risk comes from not knowing what you’re doing.
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The stock market is designed to transfer money from the active to the patient.
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When people tell me they’ve learned from experience, I tell them the trick is to learn from other people’s experience.
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We simply attempt to be fearful when others are greedy and to be greedy only 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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In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
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