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It's simply to say that managers and investors alike must understand that accounting numbers is the beginning, not the end, of business valuation.

— Warren Buffett Letters to Shareholders (1957)

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Leadership

More quotes by Warren Buffett

The asset I most value, aside from health, is interesting, diverse, and long-standing friends.

I make no attempt to forecast the general market — my efforts are devoted to finding undervalued securities.

Letters to Shareholders (1957)

People will always try to stop you doing the right thing if it is unconventional.

Love is the greatest advantage a parent can give.

In fact, when we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.

Letters to Shareholders (1957)

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Political leaders are never leaders. For leaders we have to look to the Awakeners! Lao Tse, Buddha, Socrates, Jesus, Milarepa, Gurdjiev, Krishnamurti.

Henry Miller My Bike & Other Friends (1977)

Wars may be fought with weapons, but they are won by men. It is the spirit of the men who follow and of the man who leads that gains the victory.

George S. Patton

Never tell people how to do things. Tell them what to do, and they will surprise you with their ingenuity.

George S. Patton War As I Knew It (1947)

Ten poor men sleep in peace on one straw heap, as Saadi sings,
But the immensest empire is too narrow for two kings.

William R. Alger

Attribution

Quote text and notes from Wikiquote: Warren Buffett (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.