21 Famous and Inspirational Quotes by "Warren Buffet"

 American entrepreneur, financier, and philanthropist Warren Buffet have worked in all three of these areas. He is also a self-made millionaire and possibly the most talked-about stock market investor today. His net worth was $78.9 billion as of August 2020, making him the world's seventh-richest man. Buffet displayed an early business spirit. He bought his first stock at the age of 11 and has since invested in other firms.

 

In 1930, he was born to Leila and Congressman Howard Buffet. His father also had a modest brokerage firm, which piqued Warren's interest. He would sit for extended periods of time listening to the investors' conversation and feverish work, which finally pulled him in. In Nebraska, he attended Rose Hill Elementary School before graduating from The Buffet Wilson High School in 1947. The buffet was fascinated by investing and business at a young age and worked in various odd occupations.

He began a business with a friend during his sophomore year. They purchased one pinball machine and placed it in a neighborhood barbershop. Within a few months, they had multiple pinball machines installed in three Omaha barbershops. Buffet eventually sold the company for USD 1,200 to a military veteran. Warren planned to start his own business as soon as he completed high school, but his father insisted on him first completing his studies. So he grudgingly decided to attend the University of Pennsylvania before transferring to the University of Nebraska, where he earned a business degree after three years.

While attending Columbia Business School, he met renowned security experts Benjamine Graham and David Dodd. They remained lifelong pals. Both these guys had a significant influence on Warren. Graham was known as the "Dean of Wall Street." He pioneered the notion of value investing, which became the foundation of Buffet's investment philosophy. Buffet subsequently stated in an interview that attending Graham's security analysis seminars and reading his book, The Intelligent Investor, helped shape him as an investor.

Buffet began his career as an investment salesperson before forming a company with Graham. In 1956, he established the Buffet Partnership. In 1962, he identified a direct investment opportunity in Berkshire Hathaway, a New England textile manufacturer. He turned it into a diverse holding corporation.

He is now Hathaway's chairman and CEO. He has been the company's major shareholder since 1970. When Berkshire Hathaway began trading in class A shares in 1990, Warren became a billionaire. Ironically, owning Berkshire Hathaway is also one of Buffet's biggest regrets. The buffet is involved in a number of philanthropic endeavors, with the majority of its revenues going to various charity trusts. He also donated 99 percent of his fortune to the Bill and Melinda Gates Foundation. He and Bill Gates also co-founded the Giving Vow, in which billionaires pledge to contribute at least half of their money to charitable organizations.

 

1."It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."

2."Price is what you pay. Value is what you get."

3. "It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently."

4."A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful."

5. "The important thing is to know what you know and know what you don’t know."

6."You cannot make a good deal with a bad person."

7. "Just buy something for less than it’s worth."

8."Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down."

9. "Uncertainty actually is the friend of the buyer of long-term values."

10."As in the case with marriage, business acquisitions often deliver surprise after the ‘I do’s.’"

11."Wall Street makes its money on activity. You make your money on inactivity."

12."Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold."

13."Don’t pass up something that’s attractive today because you think you will find something better tomorrow."

14."The sillier the market’s behavior, the greater the opportunity for the businesslike investor."

15."You only learn who has been swimming naked when the tide goes out."

16. "The best way to think about investments is to be in a room with no one else and to just think. If that doesn’t work, nothing else is going to work."

17. "A very rich person should leave his kids rich enough to do anything but not enough to do nothing."

18."Rule No. 1 is never lose money. Rule No. 2 is never forget Rule No. 1."

19. "When seeking directors, CEOs don’t look for pit bulls. It’s the cocker spaniel that gets taken home."

20."Our experience with newly-minted MBAs has not been that great. ... It’s difficult to teach a new dog old tricks."

21. "It’s always been a mistake to bet against America, since 1776.

 

 

 

 

 

— Fortune, June 25, 2006