24 Warren Buffett Quotes on Investing, Business, and Life
Warren Buffett, sometimes nicknamed “the Oracle of Omaha”, is one of the most successful investors in the world. As such, he is often cited for his artisan wisdom that encourages smart and informed investments. Here are some valuable investing quotes from Warren Buffett.
Warren Buffett’s advice on market downturns
1. “It’s only when the tide goes out that you find out who swam naked.” Buffett understood that most businesses will make money when the market is good. It’s when the market pulls back that you can see which companies have bad fundamentals.
2. “We just try to be afraid when others are greedy and to be greedy only when others are afraid.” Buffett views market downturns as buying opportunities.
3. “Treat market fluctuations as your friend rather than your enemy; profit from the madness rather than participate in it. Buffett knows the market is going to be volatile and swings represent opportunities if you take the emotion out of them.
Warren Buffett’s advice for buying what you know
4. “Beware of formula-wearing geeks.” Buffett is well known for refusing to buy tech stocks when others were making millions on Apple, Google and Amazon. He often said that he didn’t buy the stocks of companies he didn’t understand. As tech stocks became more mainstream, however, he either changed his mind about this rule of thumb or learned enough about tech to feel comfortable investing in Apple and Amazon. .
Warren Buffett’s advice on patience
5. “The time of the friend of the wonderful company, the enemy of the mediocre.” Buffett’s investment philosophy is to buy quality stocks and hold them for the long term.
6. “Someone is sitting in the shade today because someone planted a tree a long time ago.” This beautiful quote could be considered life advice as well as general investment advice, as it shows the value of patience and long-term planning.
7. “Our favorite holding period is forever.” As he described his philosophy to shareholders, he went on to say:
8. “We are the complete opposite of those who rush to sell and make a profit when businesses are doing well but tenaciously cling to businesses that disappoint. Peter Lynch rightly likes such behavior to cut flowers and water weeds.
9. “Only buy something you’d be perfectly happy to own if the market was closed for 10 years.” This quote is partly about patience and partly about the importance of investing in stocks with strong fundamentals.
Warren Buffett’s advice on bargain hunting
10. “Price is what you pay. Value is what you get. Buffett carefully reviews the stocks he buys and makes his choices based on company fundamentals. When he finds a company that he thinks is trading below its intrinsic value, he buys it, even though others may think the price is high.
11. “It’s much better to buy a great company at a fair price than a fair company at a great price.” Good companies continue to increase in value over time, unlike marginal companies, which may be available at a bargain price but will not appreciate over time.
Warren Buffett’s advice on business relationships
12. “It takes 20 years to build a reputation and five minutes to ruin it. If you think about it, you will do things differently. A shrewd investor and shrewd businessman, Buffett fiercely protects his reputation because he knows how fragile it can be.
13. “When a reputedly brilliant management takes on a company known for its bad economy, it’s the company’s reputation that remains intact.”
14. “Predicting rain doesn’t count. Building arches does. The quote underscores Buffett’s understanding that there will always be downturns in the market and there will always be setbacks in business. The important thing is to wait for them and to plan for them.
15. “In the business world, the rear view mirror is always clearer than the windshield.” Learning from mistakes – and successes – means understanding what happened in the past and why, and preparing for a similar event in the future.
Warren Buffett on his own success
16. “I always knew I was going to be rich. I don’t think I ever doubted it for a minute.” Buffett isn’t one to brag, but he knows it’s an understatement to say he’s successful. He attributes at least part of his success to his confidence.
17. “I’m not looking to jump over 7-foot bars; I’m looking for one foot bars that I can step over. Patience, perseverance and tenacity – these are the keys to Buffett’s success.
Warren Buffett on Humility
As successful as Buffett is, he retains much of his Midwestern humility.
18. “I buy expensive suits. They just look cheap on me. Buffett is often called out for wearing cheap suits and living in the same modest house for decades.
19. “It’s better to spend time with people who are better than you. Choose associates whose behavior is better than yours and you will drift in that direction. Buffett knows the value of surrounding himself with smart, dedicated and diligent people, including those who know areas where he is not.
20. “Wall Street is the only place people go to Rolls Royces for advice from people taking the subway.” Buffett has always chosen his own actions and is happy to share his secrets with others.
Warren Buffett, philosopher
Buffett has given his opinion on many topics, and general wisdom is one of them. Many of his quotes go beyond investing and business and are just good life advice.
21. “If you find yourself in a chronically leaking boat, the energy spent changing vessels will likely be more productive than the energy spent fixing the leaks.” While this quote includes an investment lesson about throwing good money after bad, it’s also a motto to live by.
22. “There seems to be a perverted human trait that likes to make things easy.” Buffett’s investment strategy is effective in its simplicity, and he’s the first to admit it.
23. “You only have to do very few things right in your life as long as you don’t do too many things wrong.”
What is Warren Buffett’s most famous quote?
24. “Rule #1: Never lose money. Rule #2: Never forget rule #1. This is one of Buffett’s most often quoted truisms, which sums up his investment philosophy.
Buffett’s artisan wisdom is entertaining, but if you take it to heart, it could make you a better investor.
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