The only value of stock forecasters is to make fortune tellers look good.
—Warren Buffett
Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
—Warren Buffett
Topics: Money
You only have to do a very few things right in your life so long as you don’t do too many things wrong.
—Warren Buffett
Topics: Success, Success & Failure
When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is usually the reputation of the business that remains intact.
—Warren Buffett
Topics: Business, Management
The war on terrorism can never be won.
—Warren Buffett
Topics: Terrorism
You only find out who is swimming naked when the tide goes out.
—Warren Buffett
You’re neither right nor wrong because other people agree with you. You’re right because your facts are right and your reasoning is right—and that’s the only thing that makes you right. And if your facts and reasoning are right, you don’t have to worry about anybody else.
—Warren Buffett
Topics: Effort, Worry
A horse that can count to 10 is a remarkable horse—not a remarkable mathematician.
—Warren Buffett
First come the innovators, then come the imitators, then come the idiots.
—Warren Buffett
I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.
—Warren Buffett
Risk comes from not knowing what you’re doing.
—Warren Buffett
Topics: Risk
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.
—Warren Buffett
Topics: Opportunity
I always knew I was going to be rich. I don’t think I ever doubted it for a minute.
—Warren Buffett
Topics: Belief
If you advertise an interest in buying collies, a lot of people will call hoping to sell you their cocker spaniels.
—Warren Buffett
Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful.
—Warren Buffett
A very rich person should leave his kids enough to do anything but not enough to do nothing.
—Warren Buffett
If I ever write a book it will be called, Why Smart People Do Dumb Things. My partner says it should be autobiographical.
—Warren Buffett
The rich invest in time; the poor invest in money.
—Warren Buffett
It’s never a good idea to wait to do anything; given the uncertainty of life, just get going.
—Warren Buffett
The perfect amount of money to leave children is enough money so that they would feel they could do anything, but not so much that they would do nothing.
—Warren Buffett
It takes 20 years to build a reputation and 5 minutes to ruin it. If you think about that you will do things differently.
—Warren Buffett
Topics: Reputation
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.
—Warren Buffett
The cost of every deal we do is measured by the second best deal that’s around at a given time, including doing more of some of the things we’re already in.
—Warren Buffett
The investor of today does not profit from yesterday’s growth.
—Warren Buffett
Topics: Past, The Past, Profit
Occasionally, a man must rise above principles.
—Warren Buffett
Time is the friend of the wonderful business, the enemy of the mediocre.
—Warren Buffett
Topics: Patience
If you don’t know jewelry, know the jeweler.
—Warren Buffett
In the business world, the rearview mirror is always clearer than the windshield.
—Warren Buffett
Topics: Business
I like to study failure. We want to see what has caused businesses to go bad, and the biggest thing that kills them is complacency.
—Warren Buffett
Life is like a snowball. The important thing is finding wet snow and a really long hill.
—Warren Buffett
Wondering Whom to Read Next?
- George Soros Hungarian-American Investor
- Benjamin Graham American Investor
- Charlie Munger American Investor, Philanthropist
- Mohnish Pabrai Indian-American Investor, Philanthropist
- Henry R. Kravis American Businessman
- Guy Kawasaki American Investor
- Bill Gates American Businessperson
- David Rockefeller American Businessman, Philanthropist
- Harry Browne American Author, Economist
- Ray Dalio American Investor
Leave a Reply