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'The approach and strategies are very similar in that you gather all the information you can and then keep adding to that base of information as things develop. You do whatever the probabilities indicated based on the knowledge that you have at that time, but you are always willing to modify your behaviour or your approach as you get new information. In bridge, you behave in a way that gets the best from your partner. And in business, you behave in the way that gets the best from your managers and your employees.' Buffett on Bridge

Warren Buffett#100

More from Warren Buffett

  1. 'It's got to be the best intellectual exercise out there. You're seeing through new situations every ten minutes:In the stock market you don't base your decisi…

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  2. 'I wouldn't mind going to jail if I had three cellmates who played bridge' Buffett on Bridge

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  3. 'There's class warfare, all right, but it's my class, the rich class, that's making war, and we're winning.' - New York Times, November 26, 2006.

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