Warren Buffett, the most renowned investor of all time and one of the richest men on earth. He’s is probably the most famous figure when it comes to investment. He is also known as the “Oracle of Omaha”, “Sage of Omaha” and “Wizard of Omaha”. The veteran investor and CEO of Berkshire Hathaway, the American multinational conglomerate holding company are known for his investing prowess. This clever stock picker has also an amazing his wit & sense of humor. His Net worth of US$88.9 billion (as of December 2019) makes him the fourth richest person in the world.
After knowing his achievement, who doesn’t want to follow his piece of wisdom! Here are some interesting warren buffett quotes that will definitely inspire you to invest smartly & wisely.
40 Warren Buffett Investment Quotes
1. Always know who you are dealing with.
"You can’t make a good deal with a bad person.”
2. Pick the right crown
" It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction."
3. Some things take time
"No matter how great the talent or efforts, some things take time. You can’t produce a baby in one month by getting nine women pregnant."
4. Act with integrity
" It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently."
5. If you want to be successful, make reading a habit.
"I just sit in my office and read all day."
6. Bad things aren't obvious when times are good.
"After all, you only find out who is swimming naked when the tide goes out"
7. Keep it simple
"It is not necessary to do extraordinary things to get extraordinary results.”"
8. Go against the crowd
"Be fearful when others are greedy and greedy when others are fearful.”"
9. Success is not defined by pricetag or a number.
"I measure success by how many people love me."
10. Be confident
"I always knew I was going to be rich. I don’t think I ever doubted it for a minute."
11. Give to those less fortunate
"If you’re in the luckiest 1% of humanity, you owe it to the rest of humanity to think about the other 99%."
12. Don't forget business basics
"Price is what you pay; value is what you get."
13. You don't have to be genius to invest well.
"You don’t need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ."
14. It takes time and patience to enjoy the fruits of labor. When you plan for the future, good things can happen.
"Someone's sitting in the shade today because someone planted a tree a long time ago."
15. Protect your downside.
"Rule no 1: never lose money.
Rule no. 2: never forget rule no. 1."
16. Risk comes from not knowing what you're doing.
"Get informed. Educate yourself. You can mitigate at least some risk by simply learning more about what you want to do."
17. It’s only when the tide goes out that you discover who’s been swimming naked.
"When times are good, everyone seems to be a winner. It’s what happens when times change that proves who’s really ahead."
18. " It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."
"Focus on the substance, and the value will flow from there."
19. Our favourite holding period is forever.
"While there’s value in moving quickly, the stock market can’t be timed. When your horizon is forever, you can ride out the waves."
20. “Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”
21. “If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes.”
22. “We don’t have to be smarter than the rest. We have to be more disciplined than the rest.”
23. “Cash combined with courage in a time of crisis is priceless.”
24. “Unless you can watch your stock holding decline by 50% without becoming panic-stricken, you should not be in the stock market.”
25. "The investor of today does not profit from yesterday's growth."
26. "We are still in recession. We are not gonna be out for a while, but we will get out."
27. "Never spend in business you can not understand."
28. "Never depend on a single income. Make an investment to create second source."
29. "Without passion, you don’t have energy. Without energy, you have nothing."
30. "The best investment you can make, is an investment in yourself... The more you learn, the more you'll earn."
31. "Do not save what is left after spending, but spend what is left after saving."
32. "Look for 3 things in a person. Intelligence, Energy, & Integrity.
If they don't have the last one, don't even bother with the first two."
33. "Money is not everything. Make sure you earn a lot before speaking such nonsense."
34. "The rich invest in time, the poor invest in money."
35. "If you cannot control your emotions, you cannot control your money."
36. "If you buy things you do not need, soon you will have to sell things you need."
37. "It's good to learn from your mistakes. It's better to learn from other people's mistakes."
38. "Whatever you like to do, make it a hobby and whatever the world likes to do, make it a business."
39. "If you don't find a way to make money while you sleep, you will work until you die."
40. "Don’t put all your eggs in basket.
This simply means diversify! Invest a little, but spread across various assets. So, even if one asset fails to perform, the other will balance the returns. In this way, you are always on the green side.
Wanna read more from the greatest investors himself. Here is a book that I highly recommend you to read: Gems from Warren Buffett – Wit and Wisdom from 34 Years of Letters to Shareholders.
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