Warren Edward Buffett (b.1930) is an American business magnate, investor, and philanthropist. He is widely considered the most successful investor of the 20th century. Buffett is the chairman, CEO and largest shareholder of Berkshire Hathaway and consistently ranked among the world’s wealthiest people. He was ranked as the world’s wealthiest person in 2008 and as the third wealthiest person in 2011. In 2012, American magazine Time named Buffett one of the most influential people in the world.
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A public-opinion poll is no substitute for thought.
—Warren Buffett
The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.
—Warren Buffett
Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.
—Warren Buffett
Risk comes from not knowing what you’re doing.
—Warren Buffett
We don’t get paid for activity, just for being right. As to how long we’ll wait, we’ll wait indefinitely.
—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
You only find out who is swimming naked when the tide goes out.
—Warren Buffett
The only value of stock forecasters is to make fortune tellers look good.
—Warren Buffett
If you don’t know jewelry, know the jeweler.
—Warren Buffett
It’s never a good idea to wait to do anything; given the uncertainty of life, just get going.
—Warren Buffett
I really like my life. I’ve arranged my life so that I can do what I want.
—Warren Buffett
In the business world, the rearview mirror is always clearer than the windshield.
—Warren Buffett
Topics: Business
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.
—Warren Buffett
A girl in a convertible is worth five in the phonebook.
—Warren Buffett
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
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
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.
—Warren Buffett
We enjoy the process far more than the proceeds.
—Warren Buffett
It takes 20 years to build a reputation … and five minutes to ruin it.
—Warren Buffett
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.
—Warren Buffett
If you can tell me who your heroes are, I can tell you how you’re going to turn out in life.
—Warren Buffett
Topics: Life
It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
—Warren Buffett
Topics: Business
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
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.
—Warren Buffett
Topics: Business
There seems to be some perverse human characteristic that likes to make easy things difficult.
—Warren Buffett
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.
—Warren Buffett
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.
—Warren Buffett
Occasionally, a man must rise above principles.
—Warren Buffett
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.
—Warren Buffett
One’s objective should be to get it right, get it quick, get it out, and get it over… your problem won’t improve with age.
—Warren Buffett
Price is what you pay. Value is what you get.
—Warren Buffett
Topics: Values, Value
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
Time is the friend of the wonderful business, the enemy of the mediocre.
—Warren Buffett
If you’re in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.
—Warren Buffett
Someone’s sitting in the shade today because someone planted a tree a long time ago.
—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
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