When it comes to investing, we can’t avoid the wisdom shared by the legendary investor Warren Buffett. He is renowned for his exceptional investment expertise.
Warren Buffett is one of the most followed investors in the world because of his ability to beat the stock market’s performance for a very long time. People spend millions of dollars to have lunch with him. Unfortunately, many of us don’t have that much money. Still, we can learn from his brilliant mind and make our path.
As Warren Buffett is one of the most successful investors, he is also one of the most quotable.
Whether it is about investing, money, personal finance, or life in general, Buffett always has something to share.
Here is a list of some of the best and memorable Warren Buffett quotes of all time –
Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
It is essential to protect your capital before investing. Therefore, capital protection should be at the top of your priority list when deciding how and where to invest your money.
Risk comes from not knowing what you’re doing.
Educate yourself. Keep yourself updated. And work hard in your fields so that you can’t miss anything.
It takes 20 years to build a reputation and five minutes to ruin it. So if you think about that, you’ll do things differently.
Your reputation matters a lot. So, think twice before you act. Reputation is a priceless asset that must be protected at all times.
Price is what you pay. Value is what you get.
Don’t mix price and value. Both are different. The main idea of value investing is to pay a low price relative to the value you receive.
We simply attempt to be fearful when others are greedy and greedy only when others are fearful.
We should not run with the crowd. On the other hand, sometimes there is value in being unreasonable.
Someone’s sitting in the shade today because someone planted a tree a long time ago.
Fruits of hard work don’t come at once. It takes time and patience to enjoy the fruits. So whenever you plan for something, give it time, and good things will happen.
It’s only when the tide goes out that you discover who’s been swimming naked.
When the time is good, everyone considers themselves as a superstar, but when things go sour, you will see who has a better strategy to stand in the disaster.
It’s better to hang out with people better than you. So pick out associates whose behavior is better than yours, and you’ll drift in that direction.
People around you matter a lot. Surround yourself with people who are smarter than you, and you will see yourself growing. On the other hand, if you surround yourself with lazy or excuse maker people, you will fall in that direction.
It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
If a company’s share price is cheap doesn’t mean it is a good investment. We need to focus on the good ones, and the returns will be expected. According to Buffett, he would have no problem to pay a little more for a great business.
If you have more than 120 or 130 I.Q. points, you can afford to give the rest away. You don’t need extraordinary intelligence to succeed as an investor.
You don’t need to be extraordinarily intelligent to be a successful investor, but you need the right mentality with a positive approach. Patience, hard work, and consistency are far more important than having a high IQ.
We don’t have to be smarter than the rest. We have to be more disciplined than the rest.
Consistency is the key to success. If you do something consistently with a disciplined approach, then you will get better results than the so-called smartest guy.
If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes.
Buffett is a supporter of long-term investing, and long-term investing is not about 2-3 years of investing, it must be around 5-10-20 years, and if someone is investing in any business, they must have a figure of at least 10 years in mind.
Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.
Buffett advises investors to only purchase stocks or assets that they would be content holding onto for a significant period, even if the market were to close for a decade. By adopting this mindset, investors focus on the intrinsic value and durability of their investments rather than short-term market fluctuations. It encourages a patient and disciplined approach, where the goal is to identify businesses with strong fundamentals and enduring competitive advantages that can weather any market conditions and generate sustainable returns over the long run.
Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.
Warren Buffett highlights his preference for purchasing high-quality goods or stocks at discounted prices. He draws a parallel between buying socks and stocks, emphasizing the importance of seeking value and taking advantage of opportunities when quality merchandise is available at a lower cost.
You can’t produce a baby in one month by getting nine women pregnant.
Here, Warren Buffett illustrates the concept of time and the limitations it imposes on certain processes. It emphasizes that some things cannot be rushed or expedited by increasing the number of people involved. It serves as a reminder that certain tasks require a proper amount of time and cannot be accelerated by sheer quantity or haste.