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Warren Buffett: Dumb things

“New things coming along don’t take away the opportunities. What gives you opportunities is other people doing dumb things. In the 58 years we’ve been running Berkshire, I would say there’s been a great increase in the number of people doing dumb things. And they do big, dumb things. And the reason they do it, to some extent, is because they can get money from other people so much easier than when we started.”

—Warren Buffett.


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