Warren Buffett Quotes on Life and Business
Warren Buffett is not just the worlds greatest Investor and one of the richest men in the world, he also knows a little bit about life as well.
Here are some of his most memorable quotes on life and business:
Warren Buffett on life
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”
“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.”
“If anything, taxes for the lower and middle class and maybe even the upper middle class should even probably be cut further. But I think that people at the high end – people like myself – should be paying a lot more in taxes. We have it better than we’ve ever had it.”
“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.”
“We enjoy the process far more than the proceeds.”
“I really like my life. I’ve arranged my life so that I can do what I want.”
“Never give up searching for the job that you’re passionate about. Try to find the job you’d have if you were independently rich. Forget about the pay. When you’re associating with the people that you love, doing what you love, it doesn’t get any better than that.”
“You won’t keep control of your time, unless you can say ‘no.’ You can’t let other people set your agenda in life.”
“You ought to be able to explain why you’re taking the job you’re taking, why you’re making the investment you’re making, or whatever it may be. And if it can’t stand applying pencil to paper, you’d better think it through some more. And if you can’t write an intelligent answer to those questions, don’t do it.“
“When you get to my age, you’ll measure your success in life by how many of the people you want to have love you actually do love you. That’s the ultimate test of how you’ve lived your life.”
“Money to some extent sometimes let you be in more interesting environments. But it can’t change how many people love you or how healthy you are.“
“Honesty is very expensive gift. Do not expect it from cheap people.”
“If you’re in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.”
Warren Buffett on Investing
“Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.”
“Price is what you pay. Value is what you get.”
“Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.”
“Risk comes from not knowing what you’re doing.”
“Only when the tide goes out do you discover who’s been swimming naked.”
“You only have to do a very few things right in your life so long as you don’t do too many things wrong.”
“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.”
“Be fearful when others are greedy, and greedy when others are fearful.”
“Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.”
“Beware of geeks bearing formulas.”
“The investor of today does not profit from yesterday’s growth.”
“Why not invest your assets in the companies you really like? As Mae West said, ‘Too much of a good thing can be wonderful.”
“If a business does well, the stock eventually follows.”
“Wide diversification is only required when investors do not understand what they are doing.
“Never invest in a business you cannot understand.”
“Buy a business, don’t rent stocks.”
“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.”
“We have long felt that the only value of stock forecasters is to make fortune-tellers look good.”
“I am a better investor because I am a businessman and a better businessman because I am an investor.”
“The Stock Market is designed to transfer money from the Active to the Patient.”
“By periodically investing in an index fund, the know-nothing investors can actually outperform most investment professionals.”
“The stock market is a no-called-strike game. You don’t have to swing at everything – you can wait for your pitch.”
“For some reason, people take their cues from price action rather than from values. What doesn’t work is when you start doing things that you don’t understand or because they worked last week for somebody else. The dumbest reason in the world to buy a stock is because it’s going up.”
“Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well.”
“When asked how he became so successful in investing, Buffett answered: ‘we read hundreds and hundreds of annual reports every year.”
“The critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price.”
“Diversification may preserve wealth, but concentration builds wealth.”
“I never buy anything unless I can fill out on a piece of paper my reasons. I may be wrong, but I would know the answer to that …I’m paying $32 billion today for the Coca Cola Company because… If you can’t answer that question, you shouldn’t buy it. If you can answer that question, and you do it a few times, you’ll make a lot of money.“
“Anything can happen in stock markets and you ought to conduct your affairs so that if the most extraordinary events happen, that you’re still around to play the next day.“
“Never test the depth of river with both the feet.”
“Do a lot of reading.” – on how to determine the value of a business
Warren Buffett on Business
“In the business world, the rearview mirror is always clearer than the windshield.”
“Cash never makes us happy, but it’s better to have the money burning a hole in Berkshire’s pocket than resting comfortably in someone else’s.”
“I have pledged… to always run Berkshire with more than ample cash… I will not trade even a night’s sleep for the chance of extra profits.”
Source: Investingtips360
In Summary
If you follow these Warren Buffett quotes on life and business, you will be well on the road to your own financial freedom.
If you have any questions or comments feel free to leave them below.
To your success,
John W. Newman
Helping you create TIME AND FINANCIAL FREEDOM by building a PROFITABLE Business Online!
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