The most common cause of low prices is pessimism - some times pervasive, some times specific to a … - Warren Buffett

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In between your failure-tree And your triumph-tree, The tree that is growing Is known as your patience-tree.

Warren Buffett

The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It's optimism that is the enemy of the rational buyer.

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If you don't find a way to make money while you sleep, you will work until you die.

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Look for 3 things in a person. Intelligence, Energy, & Integrity. If they don't have the last one, don't even bother with the first two.

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If you've got the power to raise prices without losing business to a competitor, you've got a very good business. And if you have to have a prayer session before raising the price by a tenth of a cent, then you've got a terrible business. I've been in both, and I know the difference.

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