Warren Edward Buffett is an American business tycoon, patron, speaker and humanitarian. He is the chairman and CEO of Berkshire Hathaway. He is considered one of the most flourishing investors in the world and has a net worth of US$84.9 billion as of February 12, 2019, making him the third-wealthiest person in the world.
Below are the top 15 investments, savings quotes from Warren Buffet.
1. Price is what you pay. Value is what you get.
2. Beware the investment activity that produces applause; the great moves are usually greeted by yawns.
3. Risk comes from not knowing what you are doing.
4. Never invest in a business you cannot understand.
5. In the business world, the rear-view mirror is always clearer than the windshield.
6. It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.
7. If a business does well, the stock eventually follows.
8. Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.
9. Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in one-night stands a romantic.
10. The stock market is designed to transfer money from the active to the patient.
11. If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.
12. Our favorite holding period is forever.
13. An investor should act as though he had a lifetime decision card with just twenty punches on it.
14. Time is the friend of the wonderful company, the enemy of the mediocre.
15. Wide diversification is only required when investors do not understand what they are doing.
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