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Published by on Sunday, August 30, 2009 at 5:03:00 PM

The best quotes from Warren Buffett

The best quotes from Warren BuffettIf there is any investor who you could look up to and use as a "role model," Warren Buffett would be your man. He takes a simplified and long-term approach to investing; and he puts all of the Wall St. day-traders to shame. He is without a doubt one of the greatest investors of all time, and has been in the top 5 richest people for decades. When you hear him speak, he is likely to resemble your grandfather with his sincerity, down-to-earth nature, and wisdom from years of living. If you cannot tell, I am a FAN of Warren.

I gathered a list of quotes from Warren Buffett over the years about life, money, investing, and anything else. If I have any of your own favorite Warren Buffet quotes that I may have missed, please add them to the comments.

A public opinion poll is no substitute for thought.

If past history was all there was to the game, the richest people would be librarians.

Risk comes from not knowing what you're doing.

Only when the tide goes out do you discover who's been swimming naked.

Look at market fluctuations as your friend rather than your enemy; profit from the folly rather than participate in it.

Chains of habit are too light to be felt until they are too heavy to be broken.

I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.

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 a business does well, the stock eventually follows.

In the business world, the rear-view mirror is always clearer than the windshield.

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 behavior is better than yours and you'll drift in that direction.

It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

Let blockheads read what blockheads wrote.

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.

Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.

Our favorite holding period is forever.

Price is what you pay. Value is what you get.

Risk is a part of God's game, alike for men and nations.

Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is

likely to be more productive than energy devoted to patching leaks.

The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.

The first rule is not to lose. The second rule is not to forget the first rule.

The investor of today does not profit from yesterday's growth.

The only time to buy these is on a day with no "y" in it.

The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves-and the better the teacher, the better the student body.

There seems to be some perverse human characteristic that likes to make easy things difficult.

Time is the friend of the wonderful company, the enemy of the mediocre.

We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'

We enjoy the process far more than the proceeds.

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

When a management team with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.

Wide diversification is only required when investors do not understand what they are doing.

You only have to do a very few things right in your life so long as you don't do too many things wrong.

It’s better to have a part interest in the Hope Diamond than to own all of a rhinestone.

I should emphasize that we do not measure the progress of our investments by what their market prices do during any given year.

Rather, we evaluate their performance by the two methods we apply to the businesses we own.

The first test is improvement in earnings, with our making due allowance for industry conditions. The second test, more subjective, is whether their “moats”– a metaphor for the superiorities they possess that make life difficult for their competitors– have widened during the year.

She’s smart, she loves the business, and she loves her associates. That beats having an MBA degree any time.

More about these quotes

These quotes were compiled as a result of reading books about Warren, articles,

Berkshire Annual Reports, and from other websites…

Quotes by Warren Buffett
Warren Buffett Quotes
Warren Buffett Quotes
Warren Buffett Quotations
Quotes from Warren

What are your favorite Warren Buffett quotes?

Please share in the comments below…

Things I learned from Warren Buffett

I just went back to my notes from a video of Warren Buffett speaking his mind. Here are a few of his tips on investing, business, and life. The bolded text is Warren's followed by my comments.

There are no called strikes in the ballgame of investing. You do not lose a single penny by passing on any given investment. Even if someone else hits a homerun with it, doesn't mean that you are missing out. That said, you will have to swing the bat if you ever want to get anywhere. Just make sure it is a good pitch.

Do business with people you like and who share your objectives. Money should not be only consideration when making business decisions. We have all worked with some people who we would have paid any amount NOT to work with. If we could quantify joy and happiness, it would be easy to see that working with people you like would far outweigh the joy received by getting more money with bad business partners.

Invest in companies selling products that consumers are not concerned with price. Good point.

It's not about the biggest motor, but the most efficient motor. A smaller company that is run efficiently is going to do better for their shareholders than a mammoth company with wasteful spending.

Don't worry about what the stock market will do, focus on what the company will do. Good companies can and will go up even in the middle of falling market.

With Stocks it is hard to know WHEN something will happen, but it is easy to know WHAT will happen. Everyone seems to be concerned with the WHEN, but focusing on the WHAT seems to yield a nice fruit as Warren has proved.

Find companies with endless demand for their products. Funeral homes will always be needed, because people are still dying.

Leave your children enough money so they can do anything, but not enough that they don't have to do anything. I like that.

Decision making abilities fade as cash flow increases. If you only have $5 in your pocket until the end of the week, it is likely that you will make a good decision with it, because it is all you have. On the other hand, if you have $100 for the week, your decisions regarding a $5 purchase are far less critical since you have another $95. Therefore, people tend not to treat those decisions with the same respect they would if it was their last $5.

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Published by IzajAhmed Shaikh.
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ME AS AUTHOR

I am, Mr. IzajAhmed Shaikh, a Computer Professional and a Pro. Blogger, who belongs to Shahabad, Karnataka India. My basic Qualifications are B.Sc., and M.C.M. done from University of Pune., formerly known as, Poona University,. I like to write articles based on my personal experiences.

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