Introduction,
Warren Buffett is an American business magnate, investor, and philanthropist widely regarded as one of the most successful investors in history. He was born on August 30, 1930, in Omaha, Nebraska, USA. Buffett developed an early interest in business and investing, selling gum, newspapers, and Coca-Cola door-to-door as a child.
After completing his education, Buffett worked for a time as a securities analyst in New York City before returning to Omaha to start his own investment firm, Buffett Partnership Ltd., in 1956. He later merged his partnership with Berkshire Hathaway, a struggling textile company, and transformed it into a multinational conglomerate with interests in a diverse range of industries, including insurance, retail, and energy.
Buffett’s investment strategies, which emphasize long-term value investing and the importance of economic moats, have earned him a reputation as a shrewd and successful investor. He is known for his folksy demeanor and his ability to communicate complex financial concepts in simple terms.
Despite his immense wealth, Buffett has pledged to give away the majority of his fortune to philanthropic causes, primarily through the Bill and Melinda Gates Foundation. He is widely regarded as a role model for ethical and responsible business practices and is often referred to as the “Oracle of Omaha.”
Price is what you pay. Value is what you get.
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.
Risk comes from not knowing what you’re doing.
The difference between successful people and really successful people is that really successful people say no to almost everything.
The best investment you can make is in yourself.
In the business world, the rearview mirror is always clearer than the windshield.
If you don’t find a way to make money while you sleep, you will work until you die.
Our favorite holding period is forever.
The stock market is a device for transferring money from the impatient to the patient.
The most important investment you can make is in yourself.
The only way to get love is to be lovable. It’s very irritating if you have a lot of money. You’d like to think you could write a check: I’ll buy a million dollars’ worth of love. But it doesn’t work that way. The more you give love away, the more you get.
Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.
The best thing I did was choose the right heroes.
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.
You only have to do a very few things right in your life so long as you don’t do too many things wrong.
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1.
The most important thing to do if you find yourself in a hole is to stop digging.
You will continue to suffer if you have an emotional reaction to everything that is said to you. True power is sitting back and observing things with logic. True power is restraint. If words control you, that means everyone else can control you. Breathe and allow things to pass.
Someone is sitting in the shade today because someone planted a tree a long time ago.
I buy expensive suits. They just look cheap on me.
Price is what you pay; value is what you get. Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.
It’s better to be a has-been than a never-was.
The big question about how people behave is whether they’ve got an Inner Scorecard or an Outer Scorecard. It helps if you can be satisfied with an Inner Scorecard.
If you want to feel rich, just count all of the things you have that money can’t buy.
The most important quality for an investor is temperament, not intellect.
Chains of habit are too light to be felt until they are too heavy to be broken.
If past history was all there was to the game, the richest people would be librarians.
The only way to get a good idea is to get a lot of ideas.
