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21 inspiring quotes by Warren Buffet

      Warren Edward Buffett ( born August 30, 1930) is an American investor, business tycoon, and philanthropist, who is the chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of US$88.9 billion as of December 2019, making him the fourth-wealthiest person in the world. Known as the “Oracle of Omaha,” Warren Buffett is an investment guru and one of the richest and most respected businessmen in the world. His words and wisdoms are taken as guiding principles by many.

      Some important quotable inspirational quotes by Warren Buffet are:

  1. “I believe in giving my kids enough so they can do anything, but not so much that they can do nothing.”
  1. “If you buy things you do not need, soon you will have to sell things you need.”
  2. “The difference between successful people and really successful people is that really successful people say no to almost everything.”
  3. “It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.”
  4. “Speculation is most dangerous when it looks easiest.”
  5. “You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right.”
  6. “One can best prepare themselves for the economic future by investing in your own education. If you study hard and learn at a young age, you will be in the best circumstances to secure your future.”
  7. “I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business.”
  8. “I just sit in my office and read all day”
  9. “In the business world, the rearview mirror is always clearer than the windshield.”
  10. “Never invest in a business you cannot understand.”
  11. “Risk comes from not knowing what you’re doing.”
  12. “We want products where people feel like kissing you instead of slapping you.”
  13. “Cash … is to a business as oxygen is to an individual: never thought about when it is present, the only thing in mind when it is absent”
  14. Predicting rain doesn’t count, building the ark does.
  15. “Only when the tide goes out do you discover who’s been swimming naked.”
  16. “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.”
  17. “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”
  18. “Lose money for the firm, and I will be understanding. Lose a shred of reputation for the firm, and I will be ruthless.”
  19. “Someone’s sitting in the shade today because someone planted a tree a long time ago”
  20. “Do not take yearly results too seriously. Instead, focus on four or five-year averages.”

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December 25, 2020