50 Warren Buffett Quotes on Investing and Success
Introduction to the Quotes and Wisdom of Warren Buffett on Investing and Success
These 50 Warren Buffett quotes on investing are incredibly useful. Following the advice of one of the world’s most successful and wealthiest men will help you be a better investor and business person. We took his advice and applied it to investing and our own business – The Great Investments Programme.
Warren Buffett might be among the world’s wealthiest men, but you couldn’t tell if you met that man ever! He wants to be loved far more than he wants to be prominent, and his wit is way more symbolic of his character than his self-worth.
Buffett’s net worth as of 2020 is $89 billion. Warren’s success was hard-earned, and he had clambered to the top via his company Berkshire Hathaway from the time when he was a youngster. His business is more than 60 years old!
And they don’t call him the “Oracle of Omaha” for nothing. He made his earliest venture at merely eleven years old. By thirteen, Buffett was overseeing his business as a paperboy while vending his horse racing tip sheet.
Likewise, at thirteen, he recorded his initial tax return, with a thirty-five dollar tax subtraction for his bike. By the age of 14, Buffett acquired a tiny farmhouse in Omaha, Nebraska, exhausting the incomes from his paper route. After he graduated from college, he had $90,000 in reserves. In 1962, Buffett turned out to be a millionaire with his Omaha-based venture company, Buffett Partnership, Ltd.
He started purchasing stocks of a textile manufacturing business, Berkshire Hathaway, and finally took power over the company. He was a billionaire by 1990!
At the moment, he’s one of the wealthiest men in America. But he doesn’t dine at lavish places. In its place, he eats at Gorat’s. That’s a native steakhouse in Omaha. And it’s continuously the same order: a rare T-bone with a twin order of hash browns and a Cherry Coke.
Buffett drives to work every day in a gold Cadillac. He’s unassuming, polite, and friendly, and it’s not unusual for him to take a guest to McDonald’s before dropping him at the airport.
It’s indisputable that Warren Buffett is nifty. He engrosses packs of info and has an in-depth memory that astonishes attendees at Berkshire’s yearly stockholder meeting.
At these pilgrimages of the followers of guru, he takes queries without a break for hours annually. But extraordinarily, his participating tactic is straightforward, and he’s able to purchase great companies at a decent value.
In June 2006, Buffett donated “his complete wealth” to charitable foundations. Eighty-five percent of that wealth passed on to the Bill and Melinda Gates Foundation. This act turned out to be the most significant deed of philanthropic contributions in US history.
Regardless of being detected with prostate cancer in 2012, Buffett undertook treatment efficaciously and endures to rank near the topmost of the Forbes world billionaires record.
Here are 50 characteristic quotes from one of the most paramount thinkers of our time.
We have offered some insight into each quote’s thought process, so a basic understanding of what can be achieved if you have a simple plan and stick to it!
Warren Buffet Quotes to live by
“Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.”
When you are forced to worry about losses, which Buffett wants you to focus on, you cannot speculate, and you cannot take wild gambling risks. Notice how he does not say the first rule is to make money or get rich. Investing is not a get rich quick scheme. Quick would mean higher risk of loss.
“A very rich person should leave his kids enough to do anything, but not enough to do nothing.”
True to his word, he gave away 85% of his wealth to The Gates Foundation.
“It’s class warfare; my class is winning, but they shouldn’t be.”
Buffett is well aware that he is privileged and lucky and that society is unfair. He often says he pays more in tax than his cleaner. He is politically active for a fairer society, pushing the US Congress to improve the tax laws and tax him more.
“If you’re in the luckiest 1% of humanity, you owe it to the rest of humanity to think about the other 99%.”
This is not just about his sense of fairness and philanthropy. He sees the macro view of investing.
Having this sense that a company has inherent value Buffett, picks a company that delivers on its service first.
He understands that the customer experience and his ability to tell his fellow human being of this beautiful new product will, by its nature, increase market exposure.
The company owes it to the community to deliver.
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”
Reputational risk is one thing. However, equally is the sense that it takes a long time to build real wealth, and there are no get rich quick schemes; however, it can all be lost if you lose sight of the plan and the method that will stand the test of time.
“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.”
Money brings out the worst, not the best in people. Be careful what you wish for and that it does not change you for the worse.
“The business schools reward difficult, complex behaviour more than simple behavior, but simple behavior is more effective.”
When I created The Great Investment Program, I instilled this simple approach; pick 15 stocks or so for 12 months and review. Ensure they go through a harsh but straightforward filtering process before the privilege of being in your portfolio.
“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.”
Only buying quality and not being distracted from the purpose to build on only quality is key. Patience is key. There is sometimes just the right time, and you have to wait, not chase the company.
“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.”
Books are one thing. The best way to learn is by doing. It’s why on the Great Investments Programme, we don’t just teach. We update daily and show you the answers to practice investing alongside us and then mark your homework.
“You only have to do very few things right in your life so long as you don’t do too many things wrong.”
Be careful of your errors. We discovered that if we could remove many private investor