Quotes by Warren Edward Buffett

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The strength of a company is determined by how difficult it is for them to raise their prices.

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The game is won by the players who watch the pitch, not the ones who can't take their eyes off the scoreboard.

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Forecasts can tell a lot about the person making the forecast, but nothing about the future. In business life, you can only see clearly through the rearview mirror, almost never forward through the windshield.

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If you buy things you don't need, you'll soon be selling things you do need.

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It takes 20 years to build a good reputation and only 5 minutes to destroy it.

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Someone is sitting in the shade today because someone else planted a tree a long time ago.

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In business life, you can see everything more clearly in the rearview mirror than through the windshield.

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I will give my children enough money to be able to do something, but I will not give enough money to be able to do nothing.

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Successful investing always takes time. You can't rush the birth of a child by having nine women pregnant for a month.

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Time is the greatest friend of great companies and the greatest enemy of mediocre companies.

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The stock market is like a big casino where everyone drinks. If you stop drinking, everything will be fine.

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Imagine having a car that you need for the rest of your life, but you know you'll never get another one. How would you take care of it? You would maintain it regularly, change the oil, and rush to the service center with the slightest fault. You would drive very carefully and cautiously every single time. Now imagine that you have only one body and one mind. Shouldn't you take care of these at least as carefully every day?

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If I do something that other people don't like, but I do, I'm happy. However, if others praise me when I am not satisfied with myself, then I am not happy.

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Working for people who make you sick to your stomach is like marrying for money. It's a terrible idea under any circumstances, but it's especially idiotic when you're already rich.

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We have not learned how to deal with the problems that arise in business. We learned how to avoid them.

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Three qualities are important in judging people: honesty, intelligence and energy. Without the first, the other two are deadly.