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Warren Buffett: Einstein is reputed to have said that "Compound interest is the eighth wonder of the world" or something like that, and it goes back to that story you probably learned when you were in grade school where somebody did something for the king, and the king said, What can I do for you? And he said Well, lets take a chessboard and put one kernel of wheat on the first square and then double it on the second and double it on the third. And the king readily agreed to it, and by the time he figured out what two to the 64th amounted to, he was giving away the entire kingdom. So it's a pretty simple concept, but over time, it accomplishes extraordinary things.
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Susan Buffett: There are two rules of investing according to Warren, and he learned this from Ben Graham.
Warren Buffett: Rule number one, never lose money. Rule number two, never forget rule number one.
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Susan Buffett: I was talking to him one day about some racial issue, and he said to me, "wait till women discover they're the slaves of the world." Now how many men were cognizant of that, and even women then?
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Warren Buffett: The worst mistakes involve not understanding other people as well as you might.
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Howard Buffett: When he wrote the letter to us, he put something in that letter that was incredibly important to me, which was exactly how our foundation behaves, which is, if you're gonna try to bat a thousand, you won't do very many things that are important. But if you're willing to basically strike out a few times, you can really change something big.
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Warren Buffett: In my entire lifetime, everything that I've spent will be quite a bit less than one percent of everything I've made. The other 99% plus will go to others, because it has no utility to me.
Becoming Warren Buffett Quotes
Extended Reading
Top cast
Director: Peter W. Kunhardt
Language: English Release date: January 30, 2017