Warren Buffett (born August 30, 1930) is a renowned and legendary American investor, businessman, and philanthropist. He is most famous for his role as the Chairman and CEO of multinational conglomerate holding company Berkshire Hathaway (one of the most valuable companies in the world). He is one of the most and influential and successful investors in history. Buffett’s approach has become known as “value investing” and focuses on long-term holding of assets (as opposed to trading/speculating), buying at the right price relative to value, fundamental analysis, and patience. He is revered in the investment and business world. Buffett’s annual shareholder letters are highly anticipated yearly events and offer timeless investment advice. Berkshire Hathaway’s annual shareholder meeting in Omaha, Nebraska is attended by upwards of 40,000 people to listen to his all day Q&A session.
Apart from Berkshire Hathaway’s success, Buffett is admired for his integrity, wisdom, and sage advice delivered in folksy manner. Despite being one of the richest people in the world, he has a reputation for frugality and humility. He is known for many insightful sayings and aphorisms applicable to investing, business, and leading a good and principled life.
Warren Buffett Quotes
“It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”
“Lose money for the firm, and I will be understanding; lose a shred of reputation for the firm, and I will be ruthless.”
“A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful.”
“Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.”
“The sillier the market’s behavior, the greater the opportunity for the businesslike investor.”
“You only learn who has been swimming naked when the tide goes out.”
“Your best investment is yourself. There is nothing that compares to it.”
“Price is what you pay. Value is what you get.”
“I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.”
“Someone’s sitting in the shade today because someone planted a tree a long time ago.”
“The difference between successful people and really successful people is that really successful people say no to almost everything.”
“It takes 20 years to build a reputation and five minuted to ruin it. If you think about that you’ll do things differently.”
Warren Buffett Books
“The Snowball: Warren Buffett and the Business of Life” – by Alice Schroeder
“Buffett: The Making of an American Capitalist” – by Roger Lowenstein
“The Tao of Warren Buffett: Warren Buffett’s Words of Wisdom: Quotations and Interpretations to Help Guide You to Billionaire Wealth and Enlightened Business Management” – by Mary Buffett and David Clark
“Warren Buffett’s Management Secrets” – by David Clark
“The Warren Buffett Way” – by Robert G. Hagstrom
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