Warren Buffett Quotes, Sloth Quotes, Style Quotes

Lethargy bordering on sloth remains the cornerstone of our investment style. The exception was Wells Fargo, a superbly-managed, high-return banking operation in which we increased our ownership to just under 10%, the most we can own without the approval of the Federal Reserve Board.

5 years ago

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Tags : Warren Buffett Quotes , Sloth Quotes , Style Quotes

Banking is very good business if you don't do anything dumb.

5 years ago

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Tags : Warren Buffett Quotes , Dumb Quotes , Banking Quotes

The active investors will have their returns diminished by a far greater percentage than will their inactive brethren. That means that the passive group - the "know-nothings" - must win.

5 years ago

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Tags : Warren Buffett Quotes , Mean Quotes , Winning Quotes

What's going to happen - things we're doing are going to have some inflationary consequences.

5 years ago

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Tags : Warren Buffett Quotes , Happens Quotes

I have pledged - to you, the rating agencies and myself - to always run Berkshire with more than ample cash. We never want to count on the kindness of strangers in order to meet tomorrow's obligations. When forced to choose, I will not trade even a night's sleep for the chance of extra profits.

5 years ago

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Tags : Warren Buffett Quotes , Running Quotes , Kindness Quotes

When a management with reputation for brilliance gets hooked up with a business with a reputation for bad economics, it's the reputation of the business that remains intact.

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Tags : Warren Buffett Quotes , Reputation Quotes , Management Quotes

I may have more money than you, but money doesn't make the difference. If there is any difference between you and me, it may simply be that I get up and have a chance to do what I love to do, every day. If you learn anything from me, this is the best advice I can give you.

5 years ago

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Tags : Warren Buffett Quotes , Differences Quotes , Giving Quotes

In the great majority of cases we simply do not know enough about the industry or company to come to sensible judgments-in that situation we pass.

5 years ago

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Tags : Warren Buffett Quotes , Majority Quotes , Judgment Quotes

In an inflationary world, a toll bridge (like company) would be a great thing to own because you've laid out the capital costs. You built it in old dollars and you don't have to keep replacing it.

5 years ago

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Tags : Warren Buffett Quotes , Bridges Quotes , Dollars Quotes

As of 1992, in fact-though the picture would have improved since then-the money that had been made since the dawn of aviation by all of this country's airline companies was zero. Absolutely zero.

5 years ago

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Tags : Warren Buffett Quotes , Country Quotes , Zero Quotes

Cultivate curiosity and strive to become a little wiser every day.

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Tags : Warren Buffett Quotes , Curiosity Quotes , Littles Quotes

The fact that people will be full of greed, fear, or folly is predictable. The sequence is not predictable.

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Tags : Warren Buffett Quotes , People Quotes , Greed Quotes

The most common cause of low prices is pessimism - sometimes pervasive, sometimes specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces.

5 years ago

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Tags : Warren Buffett Quotes , Business Quotes , Insightful Quotes

An investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace.

5 years ago

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Tags : Warren Buffett Quotes , Succeed Quotes , Emotion Quotes

Investing is forgoing consumption now in order to have the ability to consume more at a later date.

5 years ago

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Tags : Warren Buffett Quotes , Order Quotes , Investing Quotes

In that, we agreed with Andrew Carnegie, who said that huge fortunes that flow in large part from society should in large part be returned to society. In my case, the ability to allocate capital would have had little utility unless I lived in a rich, populous country in which enormous quantities of marketable securities were traded and were sometimes ridiculously mispriced. And fortunately for me, that describes the U.S. in the second half of the last century.

5 years ago

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Tags : Warren Buffett Quotes , Country Quotes , Enormous Quantities Quotes

I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.

5 years ago

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Tags : Warren Buffett Quotes , Success Quotes , Business Quotes

Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.

5 years ago

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Tags : Warren Buffett Quotes , Money Quotes , Business 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

My job is essentially just corralling more and more and more facts and information, and occasionally seeing whether that leads to some action.

5 years ago

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Tags : Warren Buffett Quotes , Jobs Quotes , Information Quotes