Diversification may preserve wealth, but concentration builds wealth.
WARREN BUFFETTRule No. 1: Never lose money. Rule No. 2: Never forget rule No.1
More Warren Buffett Quotes
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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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Remember that the stock market is a manic depressive.
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Our favorite holding period is forever.
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Time is the friend of the wonderful company, the enemy of the mediocre.
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There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.
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Do not save what is left after spending; instead spend what is left after saving.
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Never depend on single income. Make investment to create a second source.
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Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in one-night stands a romantic.
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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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The most important thing to do if you find yourself in a hole is to stop digging.
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If a business does well, the stock eventually follows.
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You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.
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In looking for people to hire, you look for three qualities: integrity, intelligence, and energy.
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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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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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