"The true investor welcomes volatility ... a wildly fluctuating market means that irrationally low prices will periodically be attached to solid businesses."
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Quote collection
Warren Buffett quotes (page 6 of 48)
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"Everybody's got a different circle of competence. The important thing is not how big the circle is. The important thing is staying inside the circle."
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"I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over."
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"Tell me your heroes and I'll tell you how your life will end up"
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"I've learned mainly by reading myself. So I don't think I have any original ideas. Certainly, I talk about reading Graham. I've read Phil Fisher. So I've gotten a lot of my ideas from reading. You can learn a lot from other people. In fact, I think if you learn basically from other people, you don't have to get too many new ideas on your own. You can just apply the best of what you see."
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"it's a good idea to review past mistakes before committing new ones."
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"If you want to soar like an eagle in life, you can't be flocking with the turkeys."
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"I am a better investor because I am a businessman, and a better businessman because I am no investor."
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"Well, I think the biggest mistake is not learning the habits of saving properly early. Because saving is a habit. And then, trying to get rich quick. It's pretty easy to get well-to-do slowly. But it's not easy to get rich quick."
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"People will always try to stop you from doing the right thing if it is unconventional."
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"Learning how to live is much more important than learning how to make a living."
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"Buy companies with strong histories of profitability and with a dominant business franchise."
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"The one piece of advice I can give you is, do what turns you on. Do something that if you had all the money in the world, you’d still be doing it. You’ve got to have a reason to jump out of bed in the morning."
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"I never invest in anything that I don't understand."
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"In investing, just as in baseball, to put runs on the scoreboard, one must watch the playing field, not the scoreboard."
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"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."
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"What the wise do in the beginning, fools do in the end."
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"Very successful people say no to almost everything."
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"I know what I want to do and it makes sense to get going."
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"If you've got the power to raise prices without losing business to a competitor, you've got a very good business. And if you have to have a prayer session before raising the price by a tenth of a cent, then you've got a terrible business. I've been in both, and I know the difference."
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