Warren Buffett quotes 1 to 25

  1. ‘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.’
  2. ‘I have in life all I want right here. I love every day. I mean, I tap dance in here and work with nothing but people I like. There is no job in the world that is more fun than running Berkshire and I count myself lucky to be where I am.’
  3. ‘Stocks are simple. All you do is buy shares in a great business for less than the business is intrinsically worth, with management of the highest integrity and ability. Then you own those shares forever.’
  4. ‘What we do is not beyond anybody else’s competence. It is just not necessary to do extraordinary things to get extraordinary results.’
  5. ‘Can you really explain to a fish what it’s like to walk on land? One day on land is worth a thousand years talking about it and one day running a business has exactly the same value.’
  6. ‘It has been helpful to me to have ten of thousands (students) turned out of business schools taught that it didn’t do any good to think.’
  7. ‘It’s bad to go to bed at night thinking about the price of a stock. We think about the value and company results; The stock market is there to serve you, not instruct you.’
  8. ‘Charlie Munger and I have not learned how to solve difficult business problems. What we have learned is to avoid them. To the extent that we have been successful, it is because we concentrated on identifying one-foot hurdles that we could step over rather than because we acquired any ability to clear seven-footers.’
  9. ‘The market, like the Lord, helps those who can help themselves. But unlike the Lord, the market does not forgive those who know not what they do.’
  10. ‘In evaluating people, you look for 3 qualities: integrity, intelligence and energy. If you don’t have the first, the other two will kill you.’
  11. ‘You think about that. How could they get a result like that? I’ll tell you how…mindless imitation of their peers.’ Warren Buffett, on how 37 investment banking firms fell even though the NYSE volume had multiplied fifteen-fold
  12. ‘Selling is just meeting people, figuring out what they need, and supplying their needs. But those needs are ever changing. So if you’re doing business the same way you did it five years ago, or even two years ago – you’re doing it wrong.’
  13. ‘I am a better investor because I am a businessman and a better businessman because I am an investor.’
  14. ‘When investing, Charlie and I view ourselves as business analysts – not as market analysts, not as macroeconomic analysts, and not even as security analysts.’
  15. ‘The snowball just happens if you’re in the right kind of snow, and that’s what happened with me. I don’t just mean compounding money either. It’s in terms of understanding the world and what kind of friends you accumulate. You get to select over time, and you’ve got to be the kind of person that the snow wants to attach itself to. You’ve got to be your own wet snow, in effect. You’d better be picking up snow as you go along, because you’re not going to be getting back up to the top of the hill again. That’s the way life works.’
  16. ‘It’s pleasant to go bed every night knowing there are 2.5 billion males in the world who will have to shave in the morning.’ Warren Buffett, on owning a stake in Gillette
  17. ‘Through no fault of their own, they were in a position of being a horse when the tractor arrived. The free market did them in. If you’re 55 and you speak Portuguese, and you’ve been working on a loom for 30 years and your hearing is shot, you’ve had it.’
  18. ‘..He just didn’t care what other people thought. My dad taught me how life should be lived. I’ve never seen anybody quite like him.’ Warren Buffett, on his dad (Howard Buffett)
  19. ‘We don’t bluff. It’s not my style anyway. Over a lifetime, you’ll get a reputation for either bluffing or not bluffing. And therefore, I want it to be understood that I don’t do it.’
  20. ‘Basically, when you get to my age, you’ll really measure your success in life by how many of the people you want to have love you actually do love you. I know people who have a lot of money, and they get testimonial dinners and get hospital wings named after them. But the truth is that nobody in the world loves them. If you get to my age in life and nobody thinks well of you, I don’t care how big your bank account is, your life is a disaster.’
  21. ‘That’s the ultimate test of how you have lived your life. The trouble with love is that you can’t buy it. You can buy sex. You can buy testimonial dinners. You can buy pamphlets that say how wonderful you are. But the only way to get love is to lovable. It’s irritating if you have a lot of money. You’d like to think you could write a check: I’ll buy a million dollars’ worth of love. But it doesn’t work that way. The more you give love away, the more you get.’
  22. ‘Wealth is just a bunch of claim checks on the activities of others in the future. You can use that wealth in any way you want to. You can cash it in or give it away. But the idea of passing wealth from generation to generation so that hundreds of your descendants can command the resources of other people simply because they came from the right womb flies in the face of a meritocratic society.’
  23. ‘It’s what you do right now, today, that determines how your mind and body will operate ten, twenty and thirty years from now.’
  24. ‘…You only get one mind and one body. And it’s got to last a lifetime… But if you don’t take care of that mind and that body, they’ll be a wreck forty years later.’
  25. ‘People ask me where they should go to work, and I always tell them to go to work for whom they admire the most. It’s crazy to take little in-between jobs just because they look good on your resume. That’s like saving sex for old age. Do what you love and work for whom you admire the most, and you’ve given yourself the best chance in life you can.’

wealth-wizard-warren-buffet_650x455

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s