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Wednesday, February 18, 2009

Warren Buffett: some of his quotations

A public opinion poll is no substitute for thought.

If past history was all there was to the game, the richest people would be librarians.

Risk comes from not knowing what you’re doing.

Chains of habit are too light to be felt until they are too heavy to be broken.

I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.

If a business does well, the stock eventually follows.

In the business world, the rear-view mirror is always clearer than the windshield.

It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.

It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.

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

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.

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