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Post Info TOPIC: The Tao of Warren Buffett - Mary Buffett and David Clark


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No. 4


"You can't make a good deal with a bad person"

A bad person will never make you a good deal. People with intergrity are predisposed to perform; people with intergrity are predisposed not to perform. It is best not to get the two confused.


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No. 3


"Never be afraid to ask for too much when selling or offer too little when buying"

People fear embarassment if they ask too high a price when selling or offer too low a price when buying. No one wants to be seen as greedy or cheap. Once negotiations begin, you can come down in your selling price or up in your buying price. But it is impossible to do the opposite.

If you ask or request, you might get it, but if you don't ask, then you will not get it at all.


-- Edited by tfwee at 18:33, 2007-06-24

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RE: The Tao of Warren Buffett - Mary Buffett and David Clark


I thought the best way to make $$ was to "buy low sell high" :)

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ah Kian


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No. 2


"I made my first investment at age eleven. I was wasting my life up until then"


-- Edited by tfwee at 18:33, 2007-06-24

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No. 1


"Rule No. 1: Never lose money
Rule No. 2: Never forget rule No. 1"


In short, the greatest secret to getting rich is getting your money to compound for you. The largest sum you start with, all the better.

The larger the amount of money you lose, the greater impact on you ability to earn money in future.





-- Edited by tfwee at 18:33, 2007-06-24

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The Tao of Warren Buffett - Mary Buffett and David Clark


This book collects pithy and inspiring sayings from America's Favorite businessman that reveal his secrets of success.


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