Warren Edward Buffett is an American business magnate, investor, speaker and philanthropist who serves as the chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of US$82 billion as of July 18, 2019, making him the third-wealthiest person in the world.
Here are some of his quotes:
Here are some of his quotes:
- “Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1”
- “Remember that the stock market is a manic depressive.”
- “Beware the investment activity that produces applause; the great moves are usually greeted by yawns.”
- “Never invest in a business you cannot understand.”
- “It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.”
- “If a business does well, the stock eventually follows.”
- “Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in one-night stands a romantic.”
- “Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”
- “If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.”
- “I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.”
- “Buy a stock the way you would buy a house. Understand and like it such that you’d be content to own it in the absence of any market.”
- “The stock market is designed to transfer money from the active to the patient.”
- “In the business world, the rearview mirror is always clearer than the windshield.”
- “An investor should act as though he had a lifetime decision card with just twenty punches on it.”
- “Why not invest your assets in the companies you really like? As Mae West said, ‘Too much of a good thing can be wonderful.'”
- “Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.”
- “Diversification is protection against ignorance. It makes little sense if you know what you are doing.”
- “Wide diversification is only required when investors do not understand what they are doing.”
- “Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can’t produce a baby in one month by getting nine women pregnant.”
- “It is not necessary to do extraordinary things to get extraordinary results.”
- “I don’t look to jump over seven-foot bars; I look around for one-foot bars that I can step over.”
- “Nothing sedates rationality like large doses of effortless money.”
- “Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.”
- “The difference between successful people and really successful people is that really successful people say no to almost everything.”
- “I am a better investor because I am a businessman, and a better businessman because I am an investor.”
- “Our favorite holding period is forever.”
- “Price is what you pay. Value is what you get.”
- “What we learn from history is that people don’t learn from history.”
- “Chains of habit are too light to be felt until they are too heavy to be broken.”
- “Time is the friend of the wonderful company, the enemy of the mediocre.”
- “You only have to do a very few things right in your life so long as you don’t do too many things wrong.”
- “There seems to be some perverse human characteristic that likes to make easy things difficult.”
- “It’s better to hang out with people better than you. Pick out associates whose behaviour is better than yours and you’ll drift in that direction.”
- “Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be a more productive than energy devoted to patching leaks.”
- “The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.”
- “The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.”