Warren Buffett Quotes, Decision Quotes, Important Quotes

Basically, the single-most important decision in evaluating a business is pricing power.

5 years ago

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Tags : Warren Buffett Quotes , Decision Quotes , Important Quotes

If you own a wonderful business...the best thing to do is keep it. All you're going to do is trade your wonderful business for a whole bunch of cash, which isn't as good as the business, and you got the problem of investing in other businesses, and you probably paid a tax in between. So my advice to anybody who owns a wonderful business is keep it.

5 years ago

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Tags : Warren Buffett Quotes , Advice Quotes , Investing Quotes

Take the job you would take if you were independently wealthy. You're going to do well at it.

5 years ago

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Tags : Warren Buffett Quotes , Jobs Quotes , Play Quotes

If you hit a hole in one every hole, you wouldn’t play golf for very long.

5 years ago

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Tags : Warren Buffett Quotes , Golf Quotes , Play Quotes

Working with people who cause your stomach to churn seems much like marrying for money - probably a bad idea under any circumstances, but absolute madness if you are already rich.

5 years ago

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Tags : Warren Buffett Quotes , Ideas Quotes , People Quotes

I've never been very fully employed either but just think of what it's like, you know, to go home with a mortgage payment you know and kids and everything else. My dad had that happen to him in the early '30s.

5 years ago

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Tags : Warren Buffett Quotes , Dad Quotes , Home Quotes

The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money. Think airlines. Here a durable competitive advantage has proven elusive ever since the days of the Wright Brothers. Indeed, if a farsighted capitalist had been present at Kitty Hawk, he would have done his successors a huge favor by shooting Orville down.

5 years ago

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Tags : Warren Buffett Quotes , Brother Quotes , Thinking Quotes

I bought a company in the mid-90s called Dexter Shoe and paid $400 million for it. And it went to zero. And I gave about $400 million worth of Berkshire stock, which is probably now worth $400 billion. But I've made lots of dumb decisions. That's part of the game.

5 years ago

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Tags : Warren Buffett Quotes , Zero Quotes , Games Quotes

Knowing the edge of your competency is important. If you think you know more than you do, you will get in trouble.

5 years ago

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Tags : Warren Buffett Quotes , Thinking Quotes , Knowing Quotes

Let only individuals contribute - with sensible limits per election. Otherwise, we are well on our way to ensuring that a government of the moneyed, by the moneyed, and for the moneyed shall not perish from the earth.

5 years ago

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Tags : Warren Buffett Quotes , Government Quotes , Earth Quotes

There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.

5 years ago

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Tags : Warren Buffett Quotes , War Quotes , Winning Quotes

I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.

5 years ago

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Tags : Warren Buffett Quotes , Law Quotes , Gdp Quotes

If you're extremely rich, and you have got children, my theory was, you give them enough so they can do anything, but not enough so they can do nothing.

5 years ago

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Tags : Warren Buffett Quotes , Children Quotes , Giving Quotes

If we start deciding, based on guesses or emotions, whether we will or won't participate in a business where we should have some long run edge, we're in trouble.

5 years ago

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Tags : Warren Buffett Quotes , Running Quotes , Should Have Quotes

For some reason people take their cues from price action rather than from values. Price is what you pay. Value is what you get.

5 years ago

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Tags : Warren Buffett Quotes , People Quotes , Pay Quotes

A public-opinion poll is no substitute for thought.

5 years ago

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Tags : Warren Buffett Quotes , Life Quotes , War Quotes

The less prudence with which others conduct their affairs, the greater the prudence with which we should conduct our own affairs.

5 years ago

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Tags : Warren Buffett Quotes , Insightful Quotes , Investing Quotes

You have no ability, if you're a financial institution and you're threatened with criminal prosecution, you have no ability to negotiate.

5 years ago

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Tags : Warren Buffett Quotes , Criminals Quotes , Financial Quotes

Beware [of] the investment activity that produces applause; the great moves are usually greeted by yawns.

5 years ago

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Tags : Warren Buffett Quotes , Moving Quotes , Investment Quotes

If you can't communicate and talk to other people and get across your ideas, you're giving up your potential.

5 years ago

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Tags : Warren Buffett Quotes , Giving Up Quotes , Ideas Quotes