Who is Warren Buffett?
Warren Buffett is the most quoted investor on the planet and he was nicknamed the “Oracle of Omaha”. He is one of the richest Man in the world with a net worth of about $66.7billion as at 2015. Warren Buffett, an 85 year old American, founder and CEO of Berkshire Hathaway (BRK), a holding company which owns subsidiaries that engage in diverse business activities.
Today i have come up with 30 famous quote by the great America investor that we can learn from and apply in our day to day business affairs. They’re:
1. “Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.”
2. “A very rich person should leave his kids enough to do anything, but not enough to do nothing.”
3. “Why not invest your assets in the companies you really like? As Mae West said, ‘Too much of a good thing can be wonderful.’”
4. “Price is what you pay. Value is what you get.”
5. “Only when the tide goes out do you discover who’s been swimming naked.”
6. “In the business world, the rearview mirror is always clearer than the windshield.”
7. “Risk comes from not knowing what you’re doing.”
8. “Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.”
9. “The rich invest in time, the poor invest in money.”
10. “Beware of geeks bearing formulas.”
11. “Without passion, you don’t have energy. Without energy, you have nothing.”
12. “I get to do what I like to do every single day of the year.”
13. “It’s class warfare; my class is winning, but they shouldn’t be.”
14. “If you’re in the luckiest 1% of humanity, you owe it to the rest of humanity to think about the other 99%.”
15. “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.”
16. “You only have to do a very few things right in your life so long as you don’t do too many things wrong.”
17. “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”
18. “Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”
19. “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”
20. “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.”
21. “The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.”
22. “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.”
23. “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.”
24. “If a business does well, the stock eventually follows.”
25. “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”
26. “I never attempt to make money on the stock market. I buy on assumption they could close the market the next day and not re-open it for five years.”
27. “If past history was all that is needed to play the game of money, the richest people would be librarians.”
28. “Focus on your customers and lead your people as though their lives depend on your success.”
29. “Never invest in a business you can’t understand.”
30. “Only when you combine sound intellect with emotional discipline do you get rational behaviour.”
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