Inspirational Quotes : Warren Buffett ( The investment hero !)
Inspirational Quotes : Warren Buffett ( The investment hero !)
Inspirational Quotes : Warren Buffett, the investment king !
Dear readers, viewers, friends & students all over the world ! Most Welcome to the post !
Warren Edward Buffett or Warren Buffett, born in 1930 in Omaha, USA, aged 86 as on 2017, is a very successful business conglomerate. He is the 2nd richest person in the US after Bill Gates. Warren Buffett is a reputed well-known philanthropist (a person who seeks to promote the welfare of others, especially by the generous donation of money to good causes, लोकोपकारक, जनहितैषी ). Warren Buffett involves himself actively in political matters. He had endorsed Democratic candidate Hillary Clinton in the US Presidential election of 2016. Warren Buffett has publicly opposed the policies of current US President Donald Trump.
The ‘legendary investor’, the self-made billionaire, the stock market king, the most generous person in the US, a model of fair dealing & good business practice for all, Warren Buffett is known almost as much for his folksy witticisms as he is for his investing prowess.
People has given him the nickname ‘Oracle of Omaha’. Warren Buffett is quoted so much because he has developed a great deal of wisdom over his lifetime. How did he do it? The secret of Warren Buffett’s success is that he continuously learns. He used to say, “The more you learn, the more you earn”.
The best advice you should take from Warren Buffett is “Committing yourself to a lifetime of learning”.
Warren Buffett has spent a lifetime studying conventionally successful people.
Presently he is the CEO of his company named Berkshire Hathaway, basically a textile company now a multinational conglomerate, the 5th largest public company in the world.
When Warren Buffett speaks, everyone, including the investors all around, listens. He seems to get wiser by the years, and at 86, he is worth listening to.
Read the valuable thoughts or ideas came out of the powerful business brain of Warren Buffett. With some of the quotes, you may not agree, some quotes seem difficult to catch, language is not lucid. However, accept & apply those in your life as far as possible, always remember God, and feel the positive energy always in life and be successful in life. You will find depth, wisdom & practical takeaways in his sayings.
Most popular & widely read (about life, happiness, success, etc):
- Long ago, Ben Graham taught me that “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.( Here WB speaks about the importance of maintaining public image).
- It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
- You only have to do a very few things right in your life so long as you don’t do too many things wrong.
- It is not necessary to do extraordinary things to get extraordinary results.
- Should you find yourself in a chronically ( लंबे समय से ) leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.
- What we learn from history is that “people don’t learn from history”.
- If past history was all there was to the game, the richest people would be librarians.
- There seems to be some perverse [(of a person or their actions) showing a deliberate and obstinate desire to behave in a way that is unreasonable or unacceptable, often in spite of the consequences, विकृत, विकारग्रस्त] human characteristic that likes to make easy things difficult.
- You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.
- Time is the friend of the wonderful company, the enemy of the mediocre (of only moderate quality; not very good, औसत दर्जे का, मामूली, सामान्य ).
- The difference between ‘successful people’ and ‘really successful people’ is that really successful people say no to almost everything.
- I have seen more people fail because of liquor and leverage – leverage being borrowed money. You really don’t need leverage in this world much. If you are smart, you are going to make a lot of money without borrowing.
- Someone is sitting in the shade today because someone planted a tree a long time ago.
- It is important to hear that at the end of the day, ‘money’ is not the thing that matters most in life.
- Honesty is a very expensive gift, don’t expect it from cheap people.
- Never lie under any circumstances.
- If you are in the luckiest 1 % of humanity, you owe it to the rest of humanity to think about the other 99 %.
- For success, Rule no 1: Never lose money. Rule no 2 : Never forget rule no 1. (Warren Buffett has given his 63 CEO’s only these two rules).
- The first rule is not to lose. The second rule is not to forget the first rule.
- I always knew I was going to be rich. I don’t think I ever doubted it for a minute.
- Chains of habit are too light to be felt until they are too heavy to be broken.
- At your age you can have any habits, any patterns of behavior that you wish. It’s a matter of what you decide.
- Develop the habbit, you have got the brainpower, you have got the energy, develop the habit to success.
- We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
- I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.
- When forced to choose, I will not trade even a night’s sleep for the chance of extra profits.
- It is better to hang out with people better than you. Pick out associates whose behaviour is better than yours, and you’ll drift in that direction.
- I buy expensive suits. They just look cheap on me.
- Whether we are talking abouts socks or talks, I like buying quality merchandise when it is marked down.
- If you get to my age in life and nobody thinks well of you, I don’t care how big your bank account is; your life is a disaster (आपदा ).
- I tell college students, basically when you get to my age, you’ll really measure your success in life by how many of the people you want to have love you actually do love you.
- The best thing I did was to choose the right heroes.
- Risk comes from not knowing what you are doing.
- Risk is a part of God’s game, alike for men and nations.
- Don’t risk what is important to you, to get what is not important to you.
- Predicting rain does not count, building arks does.
- Only when the tide goes out, do you discover who’s been swimming naked.
- Not doing what we love in the name of greed is very poor management of our lives.
- The only way to get love is to be lovable. It is very irritating if you have a lot of money. You would like to think you could write a cheque, “I will buy a million dollars’ worth of love”. But it doesn’t work that way. The more you give love away, the more you get.
- Money will not change how healthy you are or how many people love you.
- It is much easier to stay out of trouble now than to than to get out of trouble later.
- Nothing sedates rationality like large doses of effortless money.
- I don’t look to jump over 7 foot bars. I look around for 1foot bars that I can step over.
- Beware of Greeks bearing formulas.
- Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.
- You know, you keep doing the same things and you keep getting the same result over and over again.
- We intend to continue our practice of working only with people whom we like and admire. This policy not only maximises our chances for good results, it also ensures us an extraordinarily good time.
- You can’t make a good deal with a bad person.
- You are neither right nor wrong because the crowd disagrees with you.
- Good profits simply are not inconsistent (not staying the same throughout, असंगत ) with good behaviour.
- Do not save what is left after spending, but spend what is left after saving.
- The trick is : When there is nothing to do, do nothing.
- The most important thing to do if you find yourself in a hole is to stop digging.
- A public-opinion poll is no substitute for thought.
- If principles can become dated, they are not principles.
- Let blockheads (a stupid person, मूर्ख ) read what blockheads wrote.
- Our favourite holding period is forever.
- I have never given a penny away that had utility to me.
- The only time to buy these is on a day with no ‘y’ in it.
- We enjoy the ‘process’ far more than the ‘proceeds’.
- When you combine ignorance and leverage ( उत्तोलन ), you get some pretty interesting results.
- There are 309 million people out there that are trying to improve their lot in life. And we have got a system that allows them to do it.
- The big question about how people behave is whether the’ve got an inner Scorecard or an outer Scorecard. It helps if you can be satisfied with an inner Scorecard.
- You do things when the opportunities come along. I’ve had periods in my life when I’ve had a bundle of ideas come along, and I’ve had long dry spells (periods). If I get an idea next week, I’ll do something. If not, I won’t do a damn thing.
- Too often, a vast collection of possessions ends up possessing its owner. The asset I most value, aside from health, is interesting, diverse & long-standing friends.
- You have no ability, if you are a financial institution and you are threatened with criminal prosecution, you have no ability to negotiate.
- I think you are out of your mind if you keep taking jobs that you don’t like because you think it will look good on your resume. Isn’t that a little like saving up sex for your old age ?
- It is nice to have a lot of money, but you know, you don’t want to keep it around forever. I prefer buying things. Otherwise, it is a little like saving sex for your old age.
- Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble (a metal or plastic cap with a closed end, worn to protect the finger and push the needle in sewing, दर्जियों की अंगुली बचाने की टोपी ).
About investment, business & others :
- The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves – and the better the teacher, the better the student body.
- I would say the most satisfying thing actually is watching my three children each pick up on their own interests and work many more hours per week than most people that have jobs at trying to intelligently give away that money in fields that they particularly care about.
- I sent one e-mail in my life. I sent it to Jeff Raikes at Microsoft, and it ended up in court in Minneapolis, so I am one for one.
- In the business world, the rearview mirror is always clearer than the windshield.
- If a business does well, the stock eventually ( in the end, अंत में ) follows.
- Your premium brand had better be delivering something special, or it’s not going to get the business.
- The business schools reward difficult complex behaviour more than simple behaviour, but simple behaviour is more effective.
- When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
- Look at market fluctuations as your friend rather than your enemy. Profit from folly ( lack of good sense; foolishness, मूर्खता ) rather than participate in it.
- In the short term, the market is a popularity contest. In the long term, the market is a weighing machine.
- Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks (a contemptibly obnoxious person) before they had money, they are simply jerks with a billion dollars.
- Derivatives are financial weapons of mass destruction.
- If you don’t find a way to make money while you sleep, you will work until you die.
- I made my first investment at age eleven. I was wasting my life up until then.
- Never invest in a business you can not understand.
- The most important investment you can make is in yourself. (Here WB speaks about the importance of personal development).
- An investor should act as though he had a lifetime decision card with just twenty punches on it.
- The investor of today doesn’t profit from yesterday’s growth.
- The most important quality for an investor is the temperament (a person’s or animal’s nature, especially as it permanently affects their behaviour, स्वभाव, प्रकृति, मिज़ाज ), not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.
- Success in investing does not correlate with IQ, what you need is the temperament to control the urges that get other people into trouble in investing.
- Successful investing takes time, discipline & 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.
- What an investor needs is the ability to correctly evaluate selected businesses. Note that word ‘selected’. You don’t have to be an expert on every company or even many. You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important, knowing its boundaries, however, is vital.
- The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.
- What counts for most people in investing is not how much they know, but rather how realistically they define what they don’t know.
- 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.
- By periodically investing in an index fund, the know-nothing investor can actually outperform most investment professionals.
- I am a better investor because I am a businessman, and a better businessman because I am an investor.
- Wide diversification (multeity, many sidedness, बहुमुखता ) is only required when investors do not understand what they are doing.
- Diversification is a protection against ignorance. It makes very little sense for those who know what they are doing.
- Why not invest your assets in the companies you really like ? As Mae West said, ‘Too much of a good thing can be wonderful’.
- We believe that according the name ‘investors’ to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a ‘romantic’ ( कल्पित, खयाली ).
- Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.
- 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.
- If you are not willing to own a stock for 10 years, don’t even think about owning it for 10 minutes. Put together a portfolio (a range of investments held by a person or organization, निवेश सूची ) of companies, whose aggregate earnings march upward over the years, and so also will the portfolio’s market value.
- Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.
- Buy into a company because you want to own it, not because you want the stock to go up.
- I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
- We have long felt that the only value of stock forecasters is to make fortune-tellers look good.
- I bought a company in the mid-90’s called Dexter Shoe, and paid $400 million for it. And it went to zero. And I gave about $400 million worth of Berkshire stock, which is probably now worth $400 billion. But I have made lots of dumb decisions. That is part of the game.
- Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
- You are dealing with a lot of silly people in the marketplace; it is like a great big casino (a public room or building where gambling games are played) and everyone else is boozing (drinking alcohol, especially in large quantities ). If you can stick with Pepsi, you should be O.K. (interview in Forbes, November 1974).
- If anything, taxes for the lower and middle class and may be even the upper middle class should even probably be cut further. But, I think that people at the high end – people like myself – should be paying a lot more in taxes. We have it better than we’ve ever had it.
- Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone’s guess, though one likely consequence is an onslaught of inflation.
- We’ve used up a lot of bullets. And we talk about stimulus (a thing or event that evokes a specific functional reaction in an organ or tissue, प्रोत्साहन ) . But, the truth is we’re running a federal deficit that is 9 % of GDP. That is stimulative as all get out. It is more stimulative than any policy we’ve followed since World War II.
- I think that both parties should declare the debt limit as a political weapon of mass destruction which can’t be used. I mean, it is silly to have a country that has 237 years building up its reputation and then have people threaten to tear it down because they’re not getting some other matter.
- You know, people talk about this being an uncertain time. You know all time is uncertain. I mean it was uncertain back in – in 2007, we just didn’t know it was uncertain. It was – uncertain on September 10th, 2001. It was uncertain on October 18th, 1987, you just didn’t know it.
Regarding America (USA) :
- We always live in an uncertain world. What is certain is that the United States will go forward over time.
- I insist on a lot of time being spent, almost everyday, to just sit and think. That is very uncommon in American business.
- In the 20th century, the US endured two world wars, and other traumatic and expensive military conflicts; the depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced President. Yet the Dow ( The Dow Chemical Company, commonly referred to as Dow, is an American multinational chemical corporation headquartered in Midland, Michigan, United States) rose from 66 to 11,497.
- I think the most important factor in getting out of the recession (a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP, व्यापारिक मंदी ) actually is just the regenerative capacity of – of American capitalism.
- Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We’ll break out of it. It takes time.
- I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here.
- The rich are always going to say that, you know, just give us more money and we’ll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.
- I am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board.
- It is never paid to bet against America. We come through things, but it’s not always a smooth ride.
- We are still in a recession. We are not gonna be out of it for a while, but we will get out.
So, Dear readers, viewers, friends, students ! How have you enjoyed the quotes by Warren Buffett, collected by me ? Do comment to me. Share among your friends through Facebook & other social media.
Thanks a lot for reading patiently !