Warren Edward Buffett is an investor, entrepreneur and noted philanthropist from the United States, who is one of the richest individuals in the world and is often regarded as possibly the greatest stock market investor to have ever lived. He studied at The Wharton School and at the Columbia Business School, but he had a passion for business and investing right from the time that he was a child. Buffett has amassed a fortune of $71 billion over a period of more than 50 years through long term investments in the stock market. Later on, he operated through his own investment company Berkshire Hathaway and over the years, his colossal performance in the stock market has earned him the epithet ‘Oracle of Omaha’. Despite his riches, Buffett has shown no extravagance at all and continues to live in the same house that he purchased back in 1957. In addition to that, Buffett has also decided to donate the bulk of his fortune to charity and has encouraged other billionaires to do the same. On the other hand, he is known for his candid sense of humour and has delivered plenty of quotes on the principles of investment and money making. Here are the best ones.
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.
I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.
I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are greedy.
It's 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's a little like saving sex for your old age.
Wall Street is the only place that people drive to in a Rolls Royce to take advice from people who ride the subway.
Warren Buffett
In looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if they don't have the first, the other two will kill you.
I could end the deficit in five minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.
Stocks of companies selling commodity-like products should come with a warning label: “Competition may prove hazardous to human wealth.
Warren Buffett
Naming the plane has not been easy. I initially suggested ‘The Charles T. Munger.’ Charlie countered with ‘The Aberration.’ We finally settled on ‘The Indefensible.
If your employees, including your CEO, wish to give to their alma maters or other institutions to which they feel a personal attachment, we believe they should use their own money, not yours.
Warren Buffett
Do not save what is left after spending; instead spend what is left after saving.
Warren Buffett
(Thomas J. Watson Sr. of IBM followed the same rule: “I’m no genius,” he said. “I’m smart in spots—but I stay around those spots.”)
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