Warren Buffett is an investment guru and one of the richest and most respected businessmen in the world. He is the chairman, CEO and largest shareholder of Berkshire Hathaway, a diversified company with major interest in GEICO, life insurance, annuity sales and sales of jewelry.
20 Golden Quotes by Warren Buffett
#1. “The big mistake which we made in the early years was to try and buy a bad business at a really cheap price. It took me about 20-30 years to figure it out that it wasn’t a good idea.”
#2. “I buy on the assumption that they could close the market the next day and not reopen it for five years.”
#3. “Risk comes from not knowing what you’re doing.”
#4. “By periodically investing in an index fund, the know-nothing investors can actually outperform most investment professionals.”
#5. “I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.”
#6. “Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.”
#7. “The best thing that happens to us is when a great company gets into temporary trouble…We want to buy them when they’re on the operating table.”
#8. “If you buy things you do not need, soon you will have to sell things you need.”
#9. “When you combine ignorance and leverage, you get some pretty interesting results.”
#10. “Never depend on single income. Make investment to create a second source.”
#11. “Our approach is very much profiting from lack of change rather than from change. With Wrigley chewing gum, it’s the lack of change that appeals to me. I don’t think it is going to be hurt by the Internet. That’s the kind of business I like.”
#12. “Buy into a company because you want to own it, not because you want the stock to go up.”
#13. “What we learn from history is that people don’t learn from history.”
#14. “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”
#15. “Games are won by players who focus on the playing field –- not by those whose eyes are glued to the scoreboard.”
#16. “The most important thing to do if you find yourself in a hole is to stop digging.”
#17. “The difference between successful people and really successful people is that really successful people say no to almost everything.”
#18. “Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can’t produce a baby in one month by getting nine women pregnant.”
#19. “When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.”
#20. “Wall Street is the only place that people ride to in a Rolls-Royce to get advice from those who take the subway.”
KNOWLEDGE IS POWER!
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