Warren Buffett Quotes, Mean Quotes, Mass Destruction Quotes

I mean there is no capital requirements to it or anything of the sort. And basically, I said there were possibly financial weapons of mass destruction, and they had them. They destroyed AIG. They certainly contributed to the destruction of Bear Sterns and Lehman. Although Lehman had other problems, too.

5 years ago

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Tags : Warren Buffett Quotes , Mean Quotes , Mass Destruction Quotes

There are three kinds of people: 1. Innovators. 2. Imitators. 3. Idiots.

5 years ago

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Tags : Warren Buffett Quotes , Creativity Quotes , People Quotes

Charlie and I decided long ago that in an investment lifetime, it's too hard to make hundreds of smart decisions. That judgment became ever more compelling as Berkshire's capital mushroomed and the universe of investments that could significantly affect our results shrank dramatically. Therefore, we adopted a strategy that required our being smart and not too smart at that, only a very few times. Indeed, we now settle for one good idea a year.

5 years ago

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Tags : Warren Buffett Quotes , Mistake Quotes , Smart Quotes

Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful.

5 years ago

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Tags : Warren Buffett Quotes , Business Quotes , Investing Money Quotes

My net worth is the market value of holdings less the tax payable upon sale. The liability is just as real as the asset unless the value of the asset declines (ouch), the asset is given away (no comment), or I die with it. The latter course of action would appear to at least border on a Pyrrhic victory.

5 years ago

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Tags : Warren Buffett Quotes , Real Quotes , Victory Quotes

Our marketable equities tell us by their operating results - not by their daily, or even yearly, price quotations - whether our investments are successful. The market may ignore business success for a while, but eventually will confirm it.

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Tags : Warren Buffett Quotes , Successful Quotes , Business Success Quotes

I read annual reports of the company I'm looking at and I read the annual reports of the competitors - that is the main source of material.

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Tags : Warren Buffett Quotes , Source Quotes , Annual Reports Quotes

I know what I want to do and it makes sense to get going.

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Tags : Warren Buffett Quotes , Want Quotes , Make Sense Quotes

The approach and strategies are very similar in that you gather all the information you can and then keep adding to that base of information as things develop. You do whatever the probabilities indicated based on the knowledge that you have at that time, but you are always willing to modify your behaviour or your approach as you get new information. In bridge, you behave in a way that gets the best from your partner. And in business, you behave in the way that gets the best from your managers and your employees.

5 years ago

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Tags : Warren Buffett Quotes , Bridges Quotes , Behaviour Quotes

In the insurance business, there is no statute of limitation on stupidity.

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Tags : Warren Buffett Quotes , Stupidity Quotes , Statutes Quotes

In some corner of the world they are probably still holding regular meetings of the Flat Earth Society. We derive no comfort because important people, vocal people, or great numbers of people agree with us. Nor do we derive comfort if they don't.

5 years ago

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Tags : Warren Buffett Quotes , Numbers Quotes , People Quotes

You can lose leverage, and it's the only way a smart guy can go broke.

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Tags : Warren Buffett Quotes , Smart Quotes , Guy Quotes

At this point, when treasury bills, seven day treasury bills at 1/20th of one percent, it's not because people want to earn 1/20th of one percent, it's because they trust the fact the treasury will give it back to them next week.

5 years ago

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Tags : Warren Buffett Quotes , Next Week Quotes , People Quotes

The reaction of weak management to weak operations is often weak accounting.

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Tags : Warren Buffett Quotes , Business Quotes , Management Quotes

Inflation could be a very - is a likely consequence out of what's going on now.

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Tags : Warren Buffett Quotes , Inflation Quotes

If, when making a stock investment, you're not considering holding it at least ten years, don't waste more than ten minutes considering it.

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Tags : Warren Buffett Quotes , Years Quotes , Waste Quotes

Anything can happen in stock markets and you ought to conduct your affairs so that if the most extraordinary events happen, that you're still around to play the next day.

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Tags : Warren Buffett Quotes , Play Quotes , Next Day Quotes

A diamond cannot be polished without friction, nor a person perfected without trials. Someone is enjoying shade today because someone planted a tree a long time ago.

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Tags : Warren Buffett Quotes , Long Quotes , Tree Quotes

Always associate yourself with people who are better than you.

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Tags : Warren Buffett Quotes , Kayaking Quotes , People Quotes

First, many in Wall Street - a community in which quality control is not prized - will sell investors anything they will buy.

5 years ago

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Tags : Warren Buffett Quotes , Wall Quotes , Community Quotes