As Warren Buffett says, stocks are cheap, but that doesn't mean they will rise soon.
Investment guru Warren Buffett says he owes his success to being taught by Benjamin Graham.
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From these mentors, Mr. Buffett says he learned core principles that guided his investing.
Buffett says that the government should be able to bring in 18.5% of G.
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As Buffett says, be fearful when others are greedy and greedy when others are fearful.
Buffett says he thinks the housing market could work off its excess inventory before mid-2013.
But as Warren Buffett says, the time to be greedy is when others are fearful.
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As it turned out, his father responded with "only this unconditional love...an unconditional belief in me, " Mr. Buffett says.
The lesson of negatives becoming positives has proved true repeatedly, Mr. Buffett says.
Had he started out buying an insurance company, Buffett says, his famous firm could now be worth twice what it is today.
When the U.S. gets back up to a million housing starts a month, Buffett says the unemployment rate will fall below 7%.
At a time when local newspapers are making cuts, Warren Buffett says that he will continue to buy more papers in the future.
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Buffett says it's unlikely right now that Fannie Mae and Freddie Mac can raise the money they need to keep operating from private investors.
"He loves games that involve problem solving, " Buffett says.
Buffett says that this group of new Pledgers was specifically responsible for advocating the movement in their respective countries, serving both as role models and recruiters, with the goal of creating local ripple effects.
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"The Buffett Rule says that multimillionaires should pay at least the same percentage of their income in taxes as middle-class families do, " Biden said Thursday.
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It is no surprise then that Buffett now says he will use a cheaply priced crisis-time warrant contract to take a large position in Goldman Sachs shares.
Warren Buffett often says the key to successful investing is simply to avoid mistakes, and he has become one of the richest men in the U.S. by following this strategy.
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These days, Mr. Buffett still says he eats anything he wants, but also has a personal trainer visit his home several times a week to guide him through some light exercise.
But Buffett, who says he personally owns some JPMorgan stock, is mostly watching this game from the sidelines since Berkshire Hathaway is not a shareholder of JPMorgan.
He says Mr Buffett continually asks "why" about companies, seeking "answers to problems that don't exist" - in other words, he wants to understand completely and not wait for problems to occur before addressing them.
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So should Warren Buffett, putting aside that he says he would really like to pay more taxes, sell a boatload of Berkshire Hathaway in the last week of December.
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"We're concerned for him personally but the survival rate for this is virtually 100%, " said Whitney Tilson, managing partner of T2 Partners LLC, who says he still expects Mr. Buffett to remain at Berkshire's helm for at least five more years.
"American Eagle has no long-term debt, which both my Buffett- and Lynch-based models like, " says Reese.
But you don't have to go each time, he says, because the core of Mr. Buffett's beliefs and strategy doesn't change that much.
Buffett buys companies that are simple to understand, he says, and are within his circle of competence because he wants to have a good idea of what the future business is going to look like.
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