Warren Buffett

Warren Buffett

Warren Buffett – the wealthiest and most successful investor – is one of my role models – in life and investing.

See my posts on Warren Buffett.

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Best Warren Buffett Quotes

On Life:

“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”

“You only have to do a very few things right in your life so long as you don’t do too many things wrong.”

On Investing:

“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”

“The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.”

“Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can’t produce a baby in one month by getting nine women pregnant.”

“Diversification is a protection against ignorance. It makes very little sense for those who know what they’re doing.”

“If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio’s market value.”

“The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.”

“It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”

“What an investor needs is the ability to correctly evaluate selected businesses. Note that word ‘selected’: You don’t have to be an expert on every company, or even many. You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important; knowing its boundaries, however, is vital.”

Warren Buffett Letters

2015

 

Warren Buffett Videos