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The best investments are the ones where the downside is limited and the upside is unlimited. That requires patience most people don't have.
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I came to America with forty dollars. Everything I have, I earned by understanding businesses better than the people selling them.
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Charlie Munger taught me that the big money is not in the buying and the selling, but in the waiting.
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Most investors fail because they confuse activity with progress. The fewer decisions you make, the better each one tends to be.