Here are some of the most famous quotes about finance by Warren Buffet:
- “Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.” This quote emphasizes the importance of protecting capital and minimizing losses when investing.
- “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.” Buffet’s quote is about surrounding oneself with people who have better financial habits and being influenced by them to make better financial decisions.
- “Price is what you pay. Value is what you get.” This quote highlights the importance of focusing on the intrinsic value of an investment rather than just the price at which it is trading.
- “The stock market is a device for transferring money from the impatient to the patient.” Buffet is implying that short-term trading strategies can often lead to poor investment decisions, while a long-term approach is more likely to yield profitable results.
- “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.” Buffet emphasizes the importance of investing in high-quality companies with good long-term prospects, even if their current price may not be a bargain.
- “Our favorite holding period is forever.” This quote highlights Buffet’s belief in long-term investing and his preference for holding onto quality companies for the long haul.
- “You only have to do a very few things right in your life so long as you don’t do too many things wrong.” Buffet’s quote suggests that making the right financial decisions doesn’t require complex strategies or constant activity; rather, it requires avoiding major mistakes and staying focused on the basics.
- “Risk comes from not knowing what you’re doing.” Buffet warns against investing in things that one does not understand or has not researched, emphasizing the importance of knowledge and research in investing.
- “It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.” Buffet’s quote highlights the importance of not only making money, but also being a wise steward of that money and preserving it for future generations.
- “The most important investment you can make is in yourself.” This quote highlights Buffet’s belief in the value of continuous education and personal development in achieving financial success.
