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Isn't that a little like saving up sex for your old age?”
“No matter how great the talent or efforts, some things just take time. You can't produce a baby in one month by getting nine women pregnant.”
“The critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price.”
“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.”
“There seems to be some perverse human characteristic that likes to make easy things difficult.”
“Our favorite holding period is forever.”
“You only have to do a very few things right in your life so long as you don’t do too many things wrong.“
“You’re neither right nor wrong because other people agree with you. You’re right because your facts are right and your reasoning is right
plan is really zero failure?) idea, plan ahead. In fact, plan very far ahead—as much as a decade if you can project that
“Somebody once said that in looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if you don’t have the first, the other two will kill you. You think about it; it’s true. If you hire somebody without [integrity], you really want them to be dumb and lazy.”
“I don’t measure my life by the money I’ve made. Other people might, but I certainly don’t.“
“It is not necessary to do extraordinary things to get extraordinary results.”
with every success story, there has to be periods where a person is tested to almost beyond their physical and emotional limits, and Buffett is not the exception and has faced levels of adversity that would break most people.
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”
unscathed,
“The most important thing to do if you find yourself in a hole is to stop digging.”
