In this post, we’ve collected for you the best Warren Buffett quotes that will inspire you to invest wisely and achieve great success.
Warren Buffett Short Biography
Warren Edward Buffett was born on 30 August 1930 in Omaha, Nebraska, U.S. He is one of the most successful investors in the world. Also, he is one of the richest people in the U.S with a net worth of close to $90 billion until December 2019.
Besides that he is a businessman and the chairman and CEO of Berkshire Hathaway, Warren Buffett is also a notable philanthropist who has promised that 99 percent of his fortune will be given away to philanthropic causes.
He is not only known for his investments and his charity work, but also for his inspiring messages and wisdom. Below, we’ve gathered for you the best Warren Buffett quotes with hope that they can inspire and motivate you.
Warren Buffett quotes on investment strategies
First Part
“The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.” – Warren Buffett
“Rule No. 1 is never lose money. Rule No. 2 is never forget Rule No. 1.”
“Someone’s sitting in the shade today because someone planted a tree a long time ago.”
“If you aren’t willing to own a stock for 10 years, don’t even think about owning it for 10 minutes.”
“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.”
“Our favourite holding period is forever.”
“The most important thing to do if you find yourself in a hole is to stop digging.”
“Price is what you pay, value is what you get.”
“The three most important words in investing are ‘margin of safety’.”
“It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.”
“Risks comes from not knowing what you are doing.”
“Do not take yearly results too seriously. Instead, focus on four or five-year averages.”
“Never invest in a business you cannot understand.”
“Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.”
“We never want to count on the kindness of strangers in order to meet tomorrow’s obligations. When forced to choose, I will not trade even a night’s sleep for the chance of extra profits.”
Second Part
“Our advantage, rather, was attitude: we had learned from Ben Graham that the key to successful investing was the purchase of shares in good businesses when market prices were at a large discount from underlying business values.” – Warren Buffett
“Don’t pass up something that’s attractive today because you think you will find something better tomorrow.”
“When trillions of dollars are managed by Wall Streeters charging high fees, it will usually be the managers who reap outsized profits, not the clients.”
“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.”
“The best chance to deploy capital is when things are going down.”
“Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.”
“Diversification is protection against ignorance. It makes little sense if you know what you are doing.”
“Diversification may preserve wealth, but concentration builds wealth.”
“I try to invest in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.”
“Derivatives are financial weapons of mass destruction.”
“You should never test the depth of the water with both feet.”
“A good business is not always a good purchase – although it’s a good place to look for one.”
“You don’t have to be an expert on every company, or even many. You only have to be able to evaluate companies within your circle of competence.”
“Cash combined with courage in a time of crisis is priceless.”
“Trust in American ingenuity.”
“Invest in companies you believe in.”
Warren Buffett’s quotes on investing psychology
“Temperament is also important. Independent thinking, emotional stability, and a keen understanding of both human and institutional behaviour is vital to long-term investment success.” – Warren Buffett
“Beware the investment activity that produces applause; the great moves are usually greeted by yawns.”
“The business schools reward difficult complex behaviour more than simple behaviour, but simple behaviour is more effective.”
“The most important quality for an investor is temperament, not intellect.”
“Remember that the stock market is a manic depressive.”
“I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.”
“No matter how great the talent or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant.”
“Gamers are won by players who focus on the playing field – not by those whose eyes are glued to the scoreboard.”
“Forcasts may tell you a great deal about the forcaster; they tell you nothing about the future.”
“We don’t have to be smarter than the rest. We have to be more disciplined than the rest.”
“An investor should act as though he had a lifetime decision card with just twenty punches on it.”
“If past history was all that is needed to play the game of money, the richest people would be librarians.”
“Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in one-night stands a romantic.”
“Buy a stock the way you would buy a house. Understand and like it such that you’d be content to own it in the absence of any market.”
“The stock market is a device for transferring money from the impatient to the patient.”
Warren Buffett quotes on financial management
“Stay away from the mentality of using the credit card compulsorily and invest on yourself. Wealth has not created mankind but mankind has created wealth. Live your life in the simplest manner possible.” – Warren Buffett
“Never depend on a single income. Make an investment to create a second source.”
“Do not save what is left after spending; instead spend what is left after saving.”
“If you don’t find a way to make money while you sleep, you will work until you die.”
“If you buy things you do not need, soon you will have to sell things you need.”
“The more you learn, the more you earn.”
“An idiot with a plan can beat a genius without a plan.”
“I’ve never believed in risking what my family and friends have and need in order to pursue what they don’t have and don’t need.”.
Warren Buffett quotes on life and success
“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
“The most important investment you can make is in yourself.”
“Honesty is a very expensive gift, don’t expect it from cheap people.”
“Intensity is the price of excellence.”
“If you’re in the luckiest one per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.”
“The difference between successful people and really successful people is that really successful people say no to almost everything.”
“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.”
“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.”
“Get something to improve yourself at least 1% each day.”
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“Tell me who your heroes are and I’ll tell you how you’ll turn out to be.”
“People always ask me where they should go to work, and I always tell them to go to work for whom they admire the most.”
Warren Buffett business quotes
“If you’ve got the power to raise prices without losing business to a competitor, you’ve got a very good business. If you have to have a prayer session before raising the price by 10%, then you’ve got a bad business.” – Warren Buffett
“In the world of business, the people who are most successful are those who are doing what they love.”
“I learned to go into business only with people whom I like, trust, and admire.”
“In the business world, the rearview mirror is always clearer than the windshield.”
“In the long run managements stressing accounting appearance over economic substance usually achieve little of either.”
“Culture, more than rule books, determines how an organisation behaves.”
“If each of us hires people who are smaller than we are, we shall become a company of dwarfs. But, if each of us hires people who are bigger than we are, we shall become a company of giants.”
“Having first-rate people on the team is more important than designing hierarchies and clarifying who reports to whom.”
“It’s only when the tide goes out that you learn who’s been swimming naked.”
“ABCs of business decay, which are arrogance, bureaucracy and complacency.”
“The requisites for board membership should be business savvy, interest in the job, and owner-orientation.”
“Over the years, Charlie and I have seen all sorts of bad corporate behaviour, both accounting and operational, induced by the desire of management to meet Wall Street expectations.”
“When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.”
“Managers who want to expand their domain at the expense of owners might better consider a career in government.”
Warren Buffett gold quotes
“What motivates most gold purchasers is their belief that the ranks of the fearful will grow. During the past decade that belief has proved correct. Beyond that, the rising price has on its own generated additional buying enthusiasm, attracting purchasers who see the rise as validating an investment thesis. As ‘bandwagon’ investors join any party, they create their own truth — for a while.” – Warren Buffett
“[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”
“I have no views as to where (gold) will be (in the next five years), but the one thing I can tell you is it won’t do anything between now and then except look at you.”
Latest Thoughts
We hope that you enjoyed reading these inspiring Warren Buffett quotes.
These quotes by Warren Buffett teach us the importance of established investments in achieving success. For Buffett, success requires a long-term investment and a good analysis of the competitors.
Buffett also believes that focusing on substance over appearance, hiring the most skilled employees and giving them a wider margin for creativity and innovation, and building an environment of trust, are all the qualities of good business management.
Buffett also believes that honesty, financial management, doing activities that you love and reading can also help achieve success in other sides of life.
Over to you now, which quote from the above list of Warren Buffett quotes did you like the most? Please let us know in the comments section.
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