Warren Buffett Quotes, Goal Quotes, Ignored Quotes

We set no volume goals in our insurance business generally-and certainly not in reinsurance-as virtually any volume can be achieved if profitability standards are ignored.

5 years ago

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Tags : Warren Buffett Quotes , Goal Quotes , Ignored Quotes

Never give up searching for the job that you’re passionate about. Try to find the job you’d have if you were independently rich. Forget about the pay. When you’re associating with the people that you love, doing what you love, it doesn’t get any better than that.

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

We don't get paid for being busy, we get paid for being right.

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Fear is the foe of the faddist, but the friend of the fundamentalist.

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We can afford to lose money - even a lot of money. But we can't afford to lose reputation - even a shred of reputation.

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Mark Zuckerberg will be a hero to many young entrepreneurs 20 years from now. Bill Gates will be a hero to others, and they will look to those [people] like I read books when I was in my teens about Rockefeller or Carnegie.

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Tags : Warren Buffett Quotes , Book Quotes , Hero Quotes

An investor should ordinarily hold a small piece of an outstanding business with the same tenacity that an owner would exhibit if he owned all of that business.

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Tags : Warren Buffett Quotes , Investing Quotes , Pieces Quotes

Read Ben Graham and Phil Fisher read annual reports, but don't do equations with Greek letters in them.

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Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the like, these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the models. Beware of geeks bearing formulas.

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Tags : Warren Buffett Quotes , Looks Quotes , Esoteric Quotes

In the long run managements stressing accounting appearance over economic substance usually achieve little of either.

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Tags : Warren Buffett Quotes , Running Quotes , Business Quotes

Every company that has an economist working for him has one employee too many.

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Tags : Warren Buffett Quotes , Employee Quotes , Economist Quotes

The capital gains tax is 15 percent now. So I sit there in my office and I make a lot of money by capital gains, and I pay 15 percent, and I pay no payroll tax on it.

5 years ago

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Tags : Warren Buffett Quotes , Payroll Tax Quotes , Office Quotes

We do not view the company itself as the ultimate owner of our business assets but instead view the company as a conduit through which our shareholders own assets.

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Tags : Warren Buffett Quotes , Views Quotes , Investing Quotes

At Berkshire, I both initiate and monitor every derivatives contract on our books ... If Berkshire ever gets in trouble, it will be my fault. It will not be because of the misjudgments made by a risk committee or chief risk officer.

5 years ago

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Tags : Warren Buffett Quotes , Book Quotes , Risk Quotes

It is unquestionably true that the investment companies have their money more conventionally invested than we do. To many people conventionality is indistinguishable from conservatism. In my view, this represents erroneous thinking. Neither a conventional nor an unconventional approach, per se, is conservative.

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Tags : Warren Buffett Quotes , Thinking Quotes , Views Quotes

Ben's Mr. Market allegory may seem out-of-date in today's investment world, in which most professionals and academicians talk of efficient markets, dynamic hedging and betas. Their interest in such matters is understandable, since techniques shrouded in mystery clearly have value to the purveyor of investment advice. After all, what witch doctor has ever achieved fame and fortune by simply advising 'Take two aspirins'?

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The trick is, when there is nothing to do, do nothing.

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Tags : Warren Buffett Quotes , Life Quotes , Generosity Quotes

Many stock options in the corporate world have worked in exactly that fashion: they have gained in value simply because management retained earnings, not because it did well with the capital in its hands.

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Tags : Warren Buffett Quotes , Fashion Quotes , Hands Quotes

When forced to choose, I will not trade even a night's sleep for the chance of extra profits.

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It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

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Tags : Warren Buffett Quotes , Business Quotes , War Quotes