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my favorite warren buffett quotes

As an investor, I look up to Warren Buffett and value his insights. For those who don't know him, he is an american investor and businessman, the CEO of Berkshire Hathaway. He is also the 2nd richest person in the world, with a net worth of $37 billion. Here are my favorite quotes from the Oracle of Omaha:

1. I always knew I was going to be rich. I don’t think I ever doubted it for a minute.
2. I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
3. If you’re in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.
4. It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.
5. Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well.
6. 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.
7. Time is the friend of the wonderful company, the enemy of the mediocre.
8. A public-opinion poll is no substitute for thought.
9. Why not invest your assets in the companies you really like? As Mae West said, “Too much of a good thing can be wonderful”.
10. Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
11. Never invest in a business you cannot understand.
12. All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.
13. You should invest in a business that even a fool can run, because someday a fool will.
14. The best business returns are usually achieved by companies that are doing something quite similar today to what they were doing five or ten years ago.
15. Diversification may preserve wealth, but concentration builds wealth.

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