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Quotes of the day: Warren Buffett
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Published Friday, August 29, 2014 @ 11:17 AM EDT
Aug 29 2014

Warren Edward Buffett (b. August 30, 1930) is an American business magnate, investor, and philanthropist. He is widely considered the most successful investor of the 20th century. Buffett is the chairman, CEO and largest shareholder of Berkshire Hathaway and consistently ranked among the world's wealthiest people. He was ranked as the world's wealthiest person in 2008 and as the third wealthiest person in 2011. In 2012, American magazine Time named Buffett one of the most influential people in the world. (Click here for full Wikipedia article)

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A girl in a convertible is worth five in the phone book.

A public opinion poll is no substitute for thought.

Beware of geeks bearing formulas.

Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.

Honesty is a very expensive gift. Don't expect it from cheap people.

I buy expensive suits. They just look cheap on me.

I prefer liquor store robbers with hungry kids to companies that locate offshore to avoid U.S. taxes.

I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.

I wouldn't mind going to jail if I had three cellmates who played bridge.

I'll tell you why I like the cigarette business. It costs a penny to make. Sell it for a dollar. It's addictive. And there's fantastic brand loyalty.

If a farsighted capitalist had been present at Kitty Hawk, he would have done his successors a huge favor by shooting Orville down.

If past history was all that is needed to play the game, the richest people would be librarians.

If you're in the luckiest one percent of humanity, you owe it to the rest of humanity to think about the other 99 percent.

It has been far safer to steal large sums with a pen than small sums with a gun.

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

It's never paid to bet against America. We come through things, but its not always a smooth ride.

It's nice to have a lot of money, but you know, you don't want to keep it around forever. I prefer buying things. Otherwise, it's a little like saving sex for your old age.

It's only when the tide goes out that your learn who's been swimming naked.

It's very hard to write regulations that will keep people from acting foolishly, particularly when acting foolishly has proven very profitable over the preceding few years.

Never ask a barber if you need a haircut.

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.

Putting people into homes, though a desirable goal, shouldn't be our country's primary objective. Keeping them in their homes should be the ambition.

Risk comes from not knowing what you're doing.

Rule Number 1: Never lose money. Rule Number 2: Never forget rule Number 1.

Someone's sitting in the shade today because someone planted a tree a long time ago.

The only value of stock forecasters is to make fortune tellers look good.

There seems to be some perverse human characteristic that likes to make easy things difficult.

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

Time is the friend of the wonderful business, the enemy of the mediocre.

Wall Street is the only place that people ride to in a Rolls-Royce to get advice from those who take the subway.

We believe that according the name "investors" to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a "romantic."

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.

When a country needs more income, they should get it from the people that have it.

When you combine ignorance and leverage, you get some pretty interesting results.

You don't need 20 decisions to get very rich. Four or five will probably do it over time.

You only find out who is swimming naked when the tide goes out.

You only have to do a very few things right in your life so long as you don't do too many things wrong.


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