Warren Buffett Quotes
Warren Buffett Quotes
The difference between successful people and really successful people is that really successful people say no to almost everything.
If you don’t know the Jewelry, know the Jeweler
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking and make fewer impulse decisions than most people in business. I do it because I like this kind of life.
The difference between successful people and really successful people is that really successful people say no to almost everything.
Why not invest your assets in the companies you really like? As Mae West said, ‘Too much of a good thing can be wonderful’.
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.
The Stock Market is designed to transfer money from the Active to the Patient.
Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
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.
Honesty is a very expensive gift, Don’t expect it from cheap people.
The rich are always going to say that, you know, just give us more money and we’ll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.
Do not save what is left after spending, but spend what is left after saving.
If past history was all there was to the game, the richest people would be librarians.
If you don’t find a way to make money while you sleep, you will work until you die.
Risk comes from not knowing what you’re doing.
Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.
There seems to be some perverse human characteristic that likes to make easy things difficult.
The strategy we’ve adopted precludes our following standard diversification dogma. Many pundits would therefore say the strategy must be riskier than that employed by more conventional investors. We disagree. We believe that a policy of portfolio concentration may well decrease risk if it raises, as it should, both the intensity with which an investor thinks about a business and the comfort-level he must feel with its economic characteristics before buying into it.
Someone is sitting in the shade today because someone planted a tree a long time ago.
Risk comes from not knowing what you’re doing
No matter how great the talent or efforts, some things just take time.
I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.
Risk is a part of God’s game, alike for men and nations.
Risk comes from not knowing what you’re doing.
Don’t risk what is important to you, to get what is not important to you.
When forced to choose, I will not trade even a night’s sleep for the chance of extra profits.
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Warren Buffett Quotes about Investing
You know … you keep doing the same things and you keep getting the same result over and over again.
We don’t have to be smarter than the rest. We have to be more disciplined than the rest.
The ability to say no is a tremendous advantage for an investor.
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.
Warren Buffett Quotes on Money
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
If you buy things you do not need, soon you will have to sell things you need.
Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
Warren Buffett Quotes on Network Marketing
If you are a person with huge dreams and would really love to support others in achieving their huge dreams, then the network marketing business is certainly a business for you.
It’s the best investment I’ve ever made (He bought a network marketing company).
Warren Buffett Quotes on Love
When people tell me they’ve learned from experience, I tell them the trick is to learn from other people’s experience.
Warren Buffett Quotes on Income
Never depend on single income. Make investment to create a second source.
Warren Buffett Quotes on Investment
You know … you keep doing the same things and you keep getting the same result over and over again.
The best investment you can make, is an investment in yourself…The more you learn, the more you’ll earn.
Warren Buffett Quotes on Risk
Never risk what you have and need for what we don’t have and don’t need.
At Berkshire, I both initiate and monitor every derivatives contract on our books … If Berkshire ever gets in trouble, it will be my fault. It will not be because of the misjudgements made by a risk committee or chief risk officer.
The greater the potential for reward in the value portfolio, the less risk there is.
Risk comes from not knowing what you are doing so wide diversification is only required when investors are ignorant. You only have to do a very few things in your life so long as you don’t do too many things wrong.
Warren Buffett Quotes on Time
Time is the friend of the wonderful company, the enemy of the mediocre.
Time is the friend of the wonderful business. It’s the enemy of the lousy business. If you’re in a lousy business for a long time, you’re going to get a lousy result, even if you buy it cheap. If you’re in a wonderful business for a long time, even if you pay a little too much going in, you’re going to get a wonderful result if you stay in a long time.
Someone is sitting in the shade today because someone planted a tree a long time ago.
Warren Buffett Quotes on Diversification
Wide diversification is only required when investors do not understand what they are doing
Diversification is protection against ignorance. It makes little sense if you know what you are doing.
Warren Buffett Quotes on Stock Market
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
The stock market is a no-called-strike game. You don’t have to swing at everything — you can wait for your pitch. The problem when you’re a money manager is that your fans keep yelling, ‘Swing, you bum!
The stock market is designed to transfer money from the active to the patient.
Warren Buffett Quotes on Earning
interested in price momentum, volume or anything. He’s simply asking: What is the business worth?
He’s not looking at quarterly earnings projections, he’s not looking at next year’s earnings, he’s not thinking about what day of the week it is, he doesn’t care what investment research from any place says, he’s not in
Warren Buffett Quotes about Reputation
When a management with a reputation for brilliance gets hooked up with a business with a reputation for bad economics, it’s the reputation of the business that remains intact.
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.
When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
We can afford to lose money – even a lot of money. But we can’t afford to lose reputation – even a shred of reputation.
Warren Buffett Quotes on Leadership
There comes a time when you ought to start doing what you want. Take a job that you love. You will jump out of bed in the morning. I think you are out of your mind if you keep taking jobs that you don’t like because you think it will look good on your resume. Isn’t that a little like saving up sex for your old age?
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that you’ll do things differently.
There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.
The most important thing to do if you find yourself in a hole is to stop digging.
Warren Buffett Quotes on Market
The stock market is designed to transfer money from the active to the patient.
Warren Buffett Quotes on Mutual Funds
My money… is where my mouth is: What I advise here is essentially identical to certain instructions I’ve laid out in my will. One bequest provides that cash will be delivered to a trustee for my wife’s benefit. (I have to use cash for individual bequests, because all of my Berkshire shares will be fully distributed to certain philanthropic organizations over the ten years following the closing of my estate.) My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard’s.) I believe the trust’s long-term results from this policy will be superior to those attained by most investors – whether pension funds, institutions or individuals – who employ high-fee managers.
Warren Buffett Quotes about inheritance
I Will Tell You how to become rich. close the doors be fearful when others are greedy. be greedy when others are fearful.
Someone is sitting in The shade today because someone planted a tree a long time ago
Warren Buffett Quotes about Work
If you don’t find a way to make money while you sleep, you will work until you die.
Warren Buffett Quotes about Real Estate
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.
Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
Warren Buffett Quotes on Life
You only have to do very few things right in your life so long as you don’t do too many things wrong.
A public-opinion poll is no substitute for thought.
If you’re in the luckiest one percent of humanity, you owe it to the rest of humanity to think about the other 99 percent.
You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.
Warren Buffett Quotes about Accounting
Accounting is the language of business.
You have to understand accounting and you have to understand the nuances of accounting. It’s the language of business and it’s an imperfect language, but unless you are willing to put in the effort to learn to account – how to read and interpret financial statements – you really shouldn’t select stocks yourself.
Warren Buffett Quotes on Business
Accounting is the language of business.
If a business does well, the stock eventually follows.
I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.
In the business world, the rear-view mirror is always clearer than the windshield.
Warren Buffett Quotes on Success
Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.
Your premium brand had better be delivering something special, or it’s not going to get the business.
