As CEO of Berkshire Hathaway and the seventh wealthiest man in the world (as at September, 2022), Warren Buffett is one of the most famous investors of all time. His rich and varied perspective on finances makes him one of the most admired business leaders today.
I’d be quoting a few of the timeless lessons he’s shared in diverse talks about business and investing.
“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”
“If you spend money on things you don’t need, soon you’ll have to sell the things you do need.”
“Never invest in a business you can’t understand.”
“You cannot make a good deal with a bad person.”
“In the world of business, the people who are most successful are those who are doing what they love.”
“Keep things simple and don’t swing for the fences. When promised quick profits, respond with a quick ‘no’.”
“I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.”
“In the business world, the rearview mirror is always clearer than the windshield.”
“Price is what you pay. Value is what you get.”
“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.”
“Games are won by players who focus on the playing field – not by those whose eyes are glued to the scoreboard.”
“Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well.”
“Investors should remember that excitement and expenses are their enemies.”
“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.”
“Beware the investment activity that produces applause; the great moves are usually greeted by yawns.”
Conclusion
This is some food for thoughts, not so? In summary, we should be well-informed before venturing into any investment; be focused; cautious and make the best of every opportunity. These are sagely pieces of advice from a very influential businessman you could glean from.
Which of the quotes are your favourite? Let me know in the comments section below. Don’t forget to share this post!
11 replies on “15 Powerful Warren Buffett Quotes to Improve Your Finances”
Thanks for sharing. Well-done
”The 5th lesson stands out for me.
In the world of business, the people who are most successful are those who are doing what they love”
Me too!
Its a finance week
kudos
This is so thought provoking! No wonder he’s dubbed the “oracle of Omaha”
Ikr!
Price is what you pay. Value is what you get.”
Hmm…profound, isn’t it?
Thank you for this.
Most of them were enlightening.
Thanks for reading!
In the world of business, the people who are most successful are those who are doing what they love.
My favourite too!