Warren Buffett’s 25 greatest quotes about enterprise, investing, and life

Want some recommendation? Legendary investor and CEO of Berkshire Hathaway (BRK-A, BRK-B) Warren Buffett has lots to share. Via his letters, essays, op-eds and TV appearances, Buffett dispenses folksy, humorous, plainspoken recommendation on investing, administration, life, happiness, and the whole lot in between. On Saturday Might 1, Buffett and his longtime enterprise accomplice Charlie Munger


Want some recommendation? Legendary investor and CEO of Berkshire Hathaway (BRK-A, BRK-B) Warren Buffett has lots to share. Via his letters, essays, op-eds and TV appearances, Buffett dispenses folksy, humorous, plainspoken recommendation on investing, administration, life, happiness, and the whole lot in between.

On Saturday Might 1, Buffett and his longtime enterprise accomplice Charlie Munger will share extra of their knowledge on the 2021 Berkshire Hathaway Annual Shareholder Assembly. Like final 12 months, shareholders is not going to attend the occasion in individual due to the COVID-19 pandemic, however buyers from all around the world can watch the occasion stream dwell completely on Yahoo Finance.

The editors at Yahoo Finance dug up a few of Buffett’s greatest quips, suggestions, and adages from assembly transcripts, shareholder letters, and interviews.

1. Belief in American ingenuity.

“American magic has at all times prevailed, and it’ll achieve this once more.”

Shareholder assembly, 2020

2. Do not be a fearmonger.

“Concern is essentially the most contagious illness you may think about. It makes the virus appear like a piker.” (A piker is one who gambles with small quantities of cash.)

Shareholder assembly, 2020

3. Study the language.

“You have to perceive accounting. You have to. That is obtained to be like a language to you,” 

Interview with Yahoo Finance’s editor-in-chief, Andy Serwer, 2020

4. Go lengthy.

“[Our] favourite holding interval is endlessly. We’re simply the alternative of those that hurry to promote and e-book earnings when corporations carry out effectively however who tenaciously grasp on to companies that disappoint. [American investor] Peter Lynch aptly likens such habits to reducing the flowers and watering the weeds.”

Letter to shareholders for the 12 months 1988

5. Spend money on corporations you imagine in.

“It is higher to purchase a beautiful firm at a good worth than a good firm at a beautiful worth.”

Letter to shareholders for the 12 months 1989

6. Value and worth aren’t at all times the identical: Don’t pay an excessive amount of.

“Value is what you pay. Worth is what you get.”

Letter to shareholders for the 12 months 2008

7. Repute is the whole lot.

“Lose cash for the agency, and I will probably be understanding; lose a shred of status for the agency, and I will probably be ruthless.”

Buffett’s Congressional testimony in 1991 relating to Salomon Brothers

8. Be skeptical. If one thing seems to be too good to be true …

“A easy rule dictates my shopping for: Be fearful when others are grasping, and be grasping when others are fearful.”

The New York Instances, Oct. 16, 2008

9. Don’t spend money on one thing you don’t perceive.

The vital factor is to know what you realize and know what you don’t know.”

Haaretz, March 23, 2011

10. Don’t do a cope with somebody you don’t belief.

“You can not make an excellent cope with a foul individual.”

CNBC, 2019

11. Don’t purchase a inventory until you suppose it’s undervalued.

“Simply purchase one thing for lower than it’s value.”

Lecture to Notre Dame college, 1991

12. Value dips are a possibility to extend your positions.

“Whether or not we’re speaking about socks or shares, I like shopping for high quality merchandise when it’s marked down.”

Letter to shareholders for the 12 months 2008

13. The long run is rarely clear.

“Uncertainty truly is the buddy of the client of long-term values.”

Forbes, Aug. 6, 1979

14. It’s normally the client who encounters disagreeable surprises.

As within the case with marriage, enterprise acquisitions typically ship shock after the ‘I do’s.’”

Letter to shareholders for the 12 months 2016

15. Park your cash in index funds reasonably than in particular person shares.

“For my part, for most individuals, the very best factor is to do is proudly owning the S&P 500 index fund. There are big quantities of cash folks pay for recommendation they actually don’t want.”

Shareholder assembly, 2020

16. Use a bucket, not a spoon.

“Each decade or so, darkish clouds will fill the financial skies, and they’ll briefly rain gold.”

Letter to shareholders for the 12 months 2016

17. Seize a possibility when you can.

“Don’t move up one thing that’s enticing at this time since you suppose you can see one thing higher tomorrow.”

— Speech at Columbia College, Nov. 12, 2009

Berkshire Hathaway Chairman and CEO Warren Buffett eats an ice cream bar whereas touring the exhibition flooring previous to the annual shareholders assembly on Saturday, Might 3, 2014, in Omaha, Neb. (AP Picture/Nati Harnik)

18. Keep cool.

“The sillier the market’s habits, the higher the chance for the businesslike investor.”

Preface, “The Clever Investor,” 2003

19. It’s throughout laborious occasions that the winners — and losers — get uncovered.

“You solely study who has been swimming bare when the tide goes out.”

Letter to shareholders for the 12 months 2007

Warren Buffett, chairman and CEO of Berkshire Hathaway tosses a newspaper during a newspaper tossing competition  in Omaha, Neb., Saturday, May 5, 2012. Berkshire Hathaway is holding it's annual shareholders meeting this weekend. (AP Photo/Nati Harnik)

Warren Buffett, chairman and CEO of Berkshire Hathaway tosses a newspaper throughout a newspaper tossing competitors in Omaha, Neb., Saturday, Might 5, 2012. Berkshire Hathaway is holding it is annual shareholders assembly this weekend. (AP Picture/Nati Harnik)

20. Learn and suppose A LOT. Buffett spends the vast majority of his day — 80% — studying and considering.

“The easiest way to consider investments is to be in a room with nobody else and to simply suppose. If that doesn’t work, nothing else goes to work.”

— Colloquium on the College of Florida, Oct. 15, 1998

21. Buffett has lengthy stated it doesn’t take a excessive IQ to achieve success in enterprise — data is extra worthwhile.

“What we do will not be past anybody else’s competence. I really feel the identical means about managing that I do about investing: It’s simply not essential to do extraordinary issues to get extraordinary outcomes.”

Fortune, April 11, 1988

22. Observe the principles (Although Buffett readily admits to creating just a few errors of his personal.)

“Rule No. 1 is rarely lose cash. Rule No. 2 is always remember Rule No. 1.”

1985 televised interview with the economics broadcaster George Goodman

23. Maintain this in thoughts in the event you’re searching for a board place:

“When in search of administrators, CEOs don’t search for pit bulls. It’s the cocker spaniel that will get taken dwelling.”

Letter to shareholders for the 12 months 2019

24. Be frugal. Apart from his non-public jet, Buffett is famously sparing and has lived in the identical home since 1958.

“I’ve each possession I would like. I’ve quite a lot of associates who’ve much more possessions. However in some instances, I really feel the possession possesses them, reasonably than the opposite means round.”

— CBS Information, Feb. 8, 2012

25. You are your individual greatest asset.

“Your greatest funding is your self. There may be nothing that compares to it.”

Georgia Tech alumni journal, 2013

2021 Berkshire Hathaway annual shareholders  meeting

2021 Berkshire Hathaway annual shareholders assembly



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