Warren Buffett Quotes

Warren Buffett is famous not only because he is a very succesful investor, businessman and philatrophist. He is known as one of the most respected philosophers in the business world. His wisdom is legendary and applies to every aspect of life. During his numerous interviews, annual meetings and letters Warren Buffett spoke about fundamental things that define good business decisions, profitable invesment approach and even how to live good and fulfilling life. Here is the list of the most famous and best Warren Buffett quotes with some explanation where it is needed.

Best Warren Buffett Quotes

If you don’t find a way to make money while you sleep, you will work until you die.

This quote highlights Buffett’s belief that passive income is key to achieving financial freedom. He believes that investing in assets that generate income on their own, such as stocks or real estate, is the best way to build wealth over time.

It takes 20 years to build a reputation and five minutes to ruin it.

This quote speaks to the importance of maintaining a good reputation in business. Buffett believes that a company’s reputation is one of its most valuable assets and that it should be protected at all costs.

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

This quote is often used to explain Buffett’s investment philosophy, which is centered around buying assets at a discount to their intrinsic value. He believes that investors should focus on the value of a company, not its stock price, when making investment decisions.

Be fearful when others are greedy and greedy when others are fearful.

This quote highlights one of the most important principles of investing: contrarian thinking. Buffett believes that the best time to buy stocks is when others are selling in fear, and the best time to sell is when others are buying in greed.

It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

This quote emphasizes the importance of investing in high-quality companies that have a strong competitive advantage. Buffett believes that these companies will generate strong returns over the long-term, regardless of the stock market’s fluctuations.

The stock market is a device for transferring money from the impatient to the patient.

This quote highlights the importance of patience in investing. Buffett believes that investors who are willing to hold on to their investments for the long-term will be rewarded, while those who are too impatient will be more likely to make mistakes and lose money.

The best investment you can make is in your own abilities. Anything you can do to develop your own abilities is likely to be more productive in the long run than buying shares in someone else’s business.

This quote is a reminder that the most valuable investment an individual can make is in themselves. Buffett believes that investing in one’s education and skills can provide greater returns than any stock or real estate investment.

I always knew I was going to be rich. I don’t think I ever doubted it for a minute.

This quote highlights Buffett’s confidence in his own abilities and his belief in the power of positive thinking. He believes that having a positive attitude and a clear vision can help individuals achieve their goals, regardless of their current circumstances.

The most important thing to do if you find yourself in a hole is to stop digging.

This quote is a reminder to avoid making things worse when in a difficult situation, and instead to take a step back and reassess the situation.

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.

This quote emphasizes Buffett’s long-term investment strategy and his willingness to hold onto his investments for extended periods of time.

The best thing a human being can do is to help another human being know more.

This quote speaks to the value of education and the importance of sharing knowledge with others.

What the wise man does in the beginning, the fool does in the end.

You only have to do a very few things right in your life so long as you don’t do too many things wrong.

This quote highlights the importance of making smart decisions and avoiding mistakes, rather than trying to do too much and spreading yourself thin.

Risk comes from not knowing what you’re doing.

This quote emphasizes the importance of understanding the risks associated with an investment, rather than blindly jumping into something without fully understanding it.

The most important quality for an investor is temperament, not intellect.

This quote emphasizes the importance of emotional stability and the ability to remain level-headed in the face of market volatility, rather than relying on raw intelligence.

You can’t make a good deal with a bad person.

This quote advises to avoid doing business with people who lack integrity.

The less prudence with which others conduct their affairs, the greater the prudence with which we should conduct our own affairs.

The most important thing is to enjoy what you’re doing. You’ll do the best job.

This quote highlights the importance of finding work that you are passionate about, in order to be successful.

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.

This quote advises to surround oneself with people who have positive qualities, in order to improve oneself.

Charlie and I have a number of filters that things have to get through before we’ll think about them. We really can say no in 10 seconds or so to 90%+ of all the things that come along simply because we have these filters.

We don’t have to be smarter than the rest. We have to be more disciplined than the rest.

Why not invest your assets in companies you really like? As Mae West once said, too much of a good thing can be wonderful.

In conclusion, the quotes of Warren Buffett are timeless wisdom, they offer insights on investing, risk management, reputation, human behavior and many more. These quotes are a reminder of the importance of patience, discipline, and the ability to think for oneself, rather than following the crowd.