Inspirational and Motivational Quotes by Warren Buffett

Here are some inspiring and motivating quotes by Warren Buffett (born 1930). For those of you who don’t know him, Warren Buffett is an American investor, businessman and philanthropist. He’s one of the wealthiest men on this planet. Enjoy these quotes from the “Oracle of Omaha”!

• “Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.”
• “A public-opinion poll is no substitute for thought.”
• “Chains of habit are too light to be felt until they are too heavy to be broken.”
• “I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.”
• “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.”
• “There seems to be some perverse human characteristic that likes to make easy things difficult.”
• “If a business does well, the stock eventually follows.”
• “If past history was all there was to the game, the richest people would be librarians.”
• “In the business world, the rear view mirror is always clearer than the windshield.”
• “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”
• “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.”
• “If you don’t know jewelry, know the jeweler.”
• “I’ve reluctantly discarded the notion of my continuing to manage the portfolio after my death – abandoning my hope to give new meaning to the term ‘thinking outside the box.’”
• “Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.”
• “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.”
• “Only when the tide goes out do you discover who’s been swimming naked.”
• “You’re neither right nor wrong because other people agree with you. You’re right because your facts are right and your reasoning is right – and that’s the only thing that makes you right. And if your facts and reasoning are right, you don’t have to worry about anybody else.”
• “Price is what you pay. Value is what you get.”
• “Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.”
• “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.”
• “We enjoy the process far more than the proceeds.”
• “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”
• “Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.”
• “Wide diversification is only required when investors do not understand what they are doing.”
• “Risk comes from not knowing what you’re doing.”
• “You only have to do a very few things right in your life so long as you don’t do too many things wrong.”
• “Someone’s sitting in the shade today because someone planted a tree a long time ago.”
• “If you’re in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.”
• “A very rich person should leave his kids enough to do anything but not enough to do nothing.”
• “Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.”
• “One’s objective should be to get it right, get it quick, get it out, and get it over. Your problem won’t improve with age.”
• “Time is the friend of the wonderful company, the enemy of the mediocre.”
• “The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.”