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10 Buffet Quotes - The Ten Quotes Most Have Never Heard, But Would Benefit From If They Did

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February 14, 2008 – Comments (8)

I came across a recent blog post that lists the ten quotes below, and since I couldn't agree more with the original poster's conclusion...that although the quotes below are not anywhere near as popular as much of what Buffet has been quoted saying in the past, they are just as wise....I decided to post them myself.

 

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

 -- I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here.

 -- 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.

 -- Let blockheads read what blockheads wrote.

 -- 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.

 -- Risk is a part of God’s game, alike for men and nations.

 -- Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.

 -- We believe that according the name ‘investors’ to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a ‘romantic.’

 -- You do things when the opportunities come along. I’ve had periods in my life when I’ve had a bundle of ideas come along, and I’ve had long dry spells. If I get an idea next week, I’ll do something. If not, I won’t do a damn thing.

8 Comments – Post Your Own

#1) On February 15, 2008 at 5:53 PM, boylevalue (94.64) wrote:

"Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks."

I find this a serendipitous piece of advice for a current situation I'm in. Thanks for posting the wisdom!

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#2) On February 19, 2008 at 5:33 PM, F4Phanatic (76.08) wrote:

"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." 

So true, oh so true! Otherwise we wouldn't be here with other Fools!

 

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#3) On February 19, 2008 at 11:02 PM, BTShine (98.81) wrote:

Thanks for posting - this is great!

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#4) On February 20, 2008 at 12:51 AM, HistoricalPEGuy (62.95) wrote:

This is my favorite quote and speaks to the heart of value investing. 

"You do things when the opportunities come along. I’ve had periods in my life when I’ve had a bundle of ideas come along, and I’ve had long dry spells. If I get an idea next week, I’ll do something. If not, I won’t do a damn thing."

When the market is 'hot' - it doesn't mean get in.  Value investors loom...  We wait around until the right time emerges and then pounce on stocks that are clearly undervalued.

Buffett is definitely a true investor and you've got to love it.

-- HPEGuy

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#5) On February 20, 2008 at 9:58 PM, EarningsPower (98.22) wrote:

Indeed...appreciate the comments

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#6) On February 21, 2008 at 3:03 PM, vinvestpro (99.13) wrote:

Thanks for the link to my post. Would appreciate it, if you post link to original source.

http://www.contrarianvalueinvesting.com/2008/02/07/10-warren-buffett-quotes-you-have-not-heard/ 

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#7) On February 21, 2008 at 3:50 PM, EarningsPower (98.22) wrote:

Will do...thanks again for your original post

 

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#8) On February 23, 2008 at 4:02 PM, VitalyTheFool (88.13) wrote:

Hey, I've heard the last one! :)

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