The best and most actionable quotes of the great Warren Buffet. Filled with his most beautiful photographs. Enjoy and be inspired both for stock trading, business and life in general!
4. I will tell you how to
become rich. Close the
doors. Be fearful when
others are greedy. Be
greedy when others are
fearful.
5. It's far better to buy a
wonderful company at a
fair price than a fair
company at a wonderful
price.
6. You don't need to be a rocket
scientist. Investing is not a
game where the guy with the
160 IQ beats the guy with 130
IQ.
7. Can you answer Warren’s question?
My friend Tiger Woods had
an extramarital scandal.
(happens, you know..)
But can you guess how did
this affect the stock price
of Electronic Arts?
8. After all, you only
find out who is
swimming naked
when the tide goes
out.
11. I try to buy stock in
businesses that are so
wonderful that an idiot
can run them. Because
sooner or later, one will.
12. Never depend on single
income. Make investment
to make second source.
13. Time is the friend of
the wonderful
business, the enemy
of the mediocre.
14. The best thing that
happens to us is when
a great company gets
into temporary
trouble...We want to
buy them when they're
on the operating table.
15. Should you find yourself in a
chronically leaking boat,
energy devoted to changing
vessels is likely to be more
productive than energy
devoted to patching leaks.
16. There seems to be some
perverse human characteristic
that likes to make things
difficult. The best Strategy is a
simple one.
17. It’s better to hang out
with people better than
you. You’ll drift in that
direction eventually.
18. If I'd been born into a tribe
of hunters, my tallent for
allocating capital would be
pretty worthless. I can't run
very fast. I'm not
particularly strong. I'd
probably end up as some
wild animal's dinner.
19. It takes 20 years to build a
reputation and five minutes
to ruin it. If you think
about that, you’ll do things
differently.
20. Someone’s sitting in the shade
today because someone planted
a tree a long time ago.
22. Don’t pass up something
that’s attractive today
because you think you will
find something way more
attractive tomorrow.
23. Our approach is very
much profiting from
lack of change
rather than from
change. With Wrigley
chewing gum, it's the
lack of change that
appeals to me. I
don't think it is
going to be hurt by
the Internet. That's
the kind of business
I like.
24. I don’t worry too
much about pointing
fingers at the past. I
operate on the
theory that every
saint has a past,
every sinner has a
future.
25. I’ve never swung at a
ball while it’s still in
the pitcher’s glove.
27. No matter how great
the talent or efforts,
some things just take
time. You can’t
product a baby in one
month by getting nine
women pregnant.
28. The past is only useful
to give you insights
into the future, but
sometimes there’s no
insight.
29. Problems in a company are like
cockroaches in the kitchen. You will never
find just one.
30. If past history was all there
was to the game, the richest
people would be librarians.
31. There's nothing material I want very
much. And I'm going to give virtually
all of those claim checks to charity
when my wife and I die.
32. Success in investing doesn't correlate
with I.Q. once you're above the level of
125. Once you have ordinary
intelligence, what you need is the
temperament to control the urges that
get other people into trouble in
investing.
33. Of the millionaires i
have known, money just
brings out the basic
traits in them. If they
were jerks before they
had money, they are
simply jerks with a
million dollars.
34. I read a lot: daily
publications, annual
reports, 10Ks, 10Qs,
business magazines,
etc.
35. I killed the Dow. You ought to
see the numbers. But I was
investing peanuts then. It's a
huge structural advantage
not to have a lot of money.
I think I could make you 50%
a year on $1 million. No, I
know I could. I guarantee
that.
36. Thanks for reading..
.. But before you leave...
Go and check out the free
learning app from my almost twin
brother George Soros.
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All the best!