American - Businessman | August 30, 1930 -
The big question about how people behave is whether they've got an Inner Scorecard or an Outer Scorecard. It helps if you can be satisfied with an Inner Scorecard.
Warren Buffett
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We're still in a recession. We're not gonna be out of it for a while, but we will get out.
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Your premium brand had better be delivering something special, or it's not going to get the business.
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We enjoy the process far more than the proceeds.
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I am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board.
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Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
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A public-opinion poll is no substitute for thought.
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Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.
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I bought a company in the mid-'90s called Dexter Shoe and paid $400 million for it. And it went to zero. And I gave about $400 million worth of Berkshire stock, which is probably now worth $400 billion. But I've made lots of dumb decisions. That's part of the game.
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Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
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Beware of geeks bearing formulas.
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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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