Warren Buffett

warren buffett quotes

Warren Edward Buffett is an American business magnate and investor who serves as the chairman and CEO of Berkshire Hathaway. Buffett is one of the most successful and popular investors of all time.

He was born on August 30, 1930 in Omaha, Nebraska. Being interested in business and investing, he purchased his first stock when he was just 11 years old. When he turned 13, he filed for taxes the first time. Simultaneously he learned market ethics and little ideas for profitable investment, watching investors in his father owned small brokerage. During graduation at Columbia Business School he studied under Benjamin Graham  (who became his lifelong friend later) and David Dodd. Both Graham and Dodd were well-known securities analysts. Buffett was a disciple of Benjamin Graham’s philosophy of intelligent investing.

He created Buffett Partnership, Ltd in 1956, and later acquired a textile manufacturing firm “Berkshire Hathaway” in 1962. As a value investor Buffett saw Berkshire Hathaway cheap and bought it, regardless of the fact that he wasn’t an expert in textile manufacturing. Buffett shifted Berkshire’s focus away from its traditional endeavors, instead used it as a holding company to invest in other businesses. The upcoming decades were waiting for Buffett’s success. He bought, held and sold companies in a variety of different industries and made huge profits. He has a net worth of US$89.9 billion as of May, 2019 that makes him third wealthiest person in the world.

Buffett is a notable philanthropist, having pledged to give away 99 percent of his total earnings to philanthropic causes. He also founded “The Giving Pledge” in 2009 with Bill Gates, whereby billionaires pledge to give away at least half of their fortunes.

Warren Buffett Quotes

Price is what you pay. Value is what you get.
The difference between successful people and really successful people is that really successful people say no to almost everything.
Be fearful when others are greedy and greedy when others are fearful.
Risk comes from not knowing what you are doing.
Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No.1.
Honesty is a very expensive gift, don’t expect it from cheap people.
Someone is sitting in the shade today because someone planted a tree a long time ago.
A very rich person should leave his kids enough to do anything, but not enough to do nothing.
Never invest in a business you cannot understand.
The most important thing to do if you find yourself in a hole is to stop digging.
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.
If you’re in the luckiest 1% of humanity, you owe it to the rest of humanity to think about the other 99%.
Money is not everything. Make sure you earn a lot before speaking such nonsense.
Predicting rain doesn’t count. Building arks does.
Without passion, you don’t have energy. Without energy, you have nothing.
I always knew I was going to be rich. I don’t think I ever doubted it for a minute.
In the business world, the rear view mirror is always clearer than the windshield.
You do things when the opportunities come along. I’ve had periods in my life when I’ve had a bundle of ideas come along, and I’ve had long dry spells. If I get an idea next week, I’ll do something. If not, I won’t do a damn thing.
It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
Can you really explain to a fish what it’s like to walk on land? One day on land is worth a thousand years of talking about it, and one day running a business has exactly the same kind of value.
If a business does well, the stock eventually follows.
Not doing what we love in the name of greed is the very poor management of our lives.
You only have to do a very few things right in your life so long as you don’t do too many things wrong.
Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.
The investor of today does not profit from yesterday’s growth.
Chains of habit are too light to be felt until they are too heavy to be broken.
Our favorite holding period is forever.
It is not necessary to do extraordinary things to get extraordinary results.
Time is the friend of the wonderful company, the enemy of the mediocre.
If you are in a poker game and after 20 minutes you don’t know who the patsy is, then you’re the patsy.
Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
The rich invest in time, the poor invest in money.
In the world of business, the people who are most successful are those who are doing what they love.
The most important investment you can make is in yourself.
I buy expensive suits. They just look cheap on me.
Focus on your customers and lead your people as though their lives depend on your success.
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.
I measure success by how many people love me.
You can’t make a good deal with a bad person.
The Greatest Enemies of Equity Investor are Expenses and Emotions.
If you don’t find a way to make money while you sleep, you will work until you die.