Warren Buffett is an American business magnate, investor, and philanthropist. He is considered one of the most successful investors in the world and has a net worth of over $85 billion. He is the chairman and CEO of Berkshire Hathaway, which owns more than 60 companies, including GEICO, Duracell, and Dairy Queen. Following is our collection on famous quotes by Warren Buffett on investing, life, success.
If you don't find a way to make money while you sleep, you will work until you die.
The best investment you can make, is an investment in yourself... The more you learn, the more you'll earn.
Do not save what is left after spending, but spend what is left after saving.
Read 500 pages every day. That's how knowledge works. It builds up like compound interest.
Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant.
Chains of habit are too light to be felt until they are too heavy to be broken.
Wide diversification is only required when investors do not understand what they are doing.
The secret to happiness is having low expectations.
Honesty is a very expensive gift. Don't expect it from cheap people.
Warren Buffett Quotes About Investing
If you buy things you do not need, soon you will have to sell things you need. — Warren Buffett
I think you should read everything you can. In my case, by the age of 10, I'd read every book in the Omaha public library about investing, some twice.
You need to fill your mind with various competing thoughts and decide which make sense. — Warren Buffett
Never depend on single income. Make investment to create a second source. — Warren Buffett
Always associate yourself with people who are better than you. — Warren Buffett
No matter how great the talent or efforts, some things just take time. — Warren Buffett
The greatest investment a young person can make is in their own education, in their own mind. Because money comes and goes. Relationships come and go. But what you learn once stays with you forever. — Warren Buffett
The difference between successful people and really successful people is that really successful people say no to almost everything. — Warren Buffett
You can't produce a baby in one month by getting nine women pregnant. — Warren Buffett
Only when you combine sound intellect with emotional discipline do you get rational behavior. — Warren Buffett
Never ask a barber if you need a haircut. — Warren Buffett
Warren Buffett Quotes About Life
You only have to do a very few things right in your life so long as you don't do too many things wrong. — Warren Buffett
I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. — Warren Buffett
You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life. — Warren Buffett
Life is like a snowball. The important thing is finding wet snow and a really long hill. — Warren Buffett
When forced to choose, I will not trade even a night's sleep for the chance of extra profits. — Warren Buffett
Risk comes from not knowing what you are doing so wide diversification is only required when investors are ignorant. You only have to do a very few things in your life so long as you don't do too many things wrong. — Warren Buffett
If you want to soar like an eagle in life, you can't be flocking with the turkeys. — Warren Buffett
I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life. — Warren Buffett
In the world of business, the people who are most successful are those who are doing what they love. — Warren Buffett
Never do anything in life if you would be ashamed of seeing it printed on the front page of your hometown newspaper for your friends and family to see. — Warren Buffett
Warren Buffett Quotes About Success
The key to success is emotional stability. — Warren Buffett
When asked how he became so successful in investing, Buffett answered: 'we read hundreds and hundreds of annual reports every year. — Warren Buffett
Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing. — Warren Buffett
Very successful people say no to almost everything. — Warren Buffett
To be successful, you should concentrate on the world of companies, not arcane accounting mathematics. — Warren Buffett
Success in investing doesn’t correlate with I.Q. Once you are above the level of 25; once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing. — Warren Buffett
You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ. — Warren Buffett
The best investment you can make is in yourself. — Warren Buffett
When investing, pessimism is your friend, euphoria the enemy. — Warren Buffett
Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell. — Warren Buffett
Warren Buffett Quotes About Money
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. — Warren Buffett
I may have more money than you, but money doesn't make the difference. If
there is any difference between you and me, it may simply be that I get up and have a chance to do what I love to do, every day. If you learn anything from me, this is the best advice I can give you. — Warren Buffett
The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on. — Warren Buffett
The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table. — Warren Buffett
We continue to make more money when snoring than when active. — Warren Buffett
Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down. — Warren Buffett
Our approach is very much profiting from lack of change rather than from change. With Wrigley chewing gum, it's the lack of change that appeals to me. I don't think it is going to be hurt by the Internet. That's the kind of business I like. — Warren Buffett
Gold has two significant shortcomings, being neither of much use nor procreative. — Warren Buffett
Investing is simple, but not easy. — Warren Buffett
If you invested in a very low cost index fund - where you don't put the money in at one time, but average in over 10 years -you'll do better than 90% of people who start investing at the same time. — Warren Buffett
Warren Buffett Quotes About Love
When people tell me they've learned from experience, I tell them the trick is to learn from other people's experience. — Warren Buffett
Never give up searching for the job that you’re passionate about. Try to find the job you’d have if you were independently rich. Forget about the pay. When you’re associating with the people that you love, doing what you love, it doesn’t get any better than that. — Warren Buffett
Never give up searching for the job that you're passionate about. — Warren Buffett
Making money isn't the backbone of our guiding purpose; making money is the by-product of our guiding purpose. If you're doing something you love, you're more likely to put your all into it, and that generally equates to making money — Warren Buffett
Don't look for the money - look for something you love, and if you're good, the money will come. — Warren Buffett
I measure success by how many people love me. And the best way to be loved is to be lo veable. — Warren Buffett
When you're associating with the people that you love, doing what you love, it doesn't get any better than that. — Warren Buffett
... not doing what we love in the name of greed is very poor management of our lives. — Warren Buffett
I tell college students, when you get to be my age you will be successful if the people who you hope to have love you, do love you. — Warren Buffett
The power of unconditional love. I mean, there is no power on
earth like unconditional love. — Warren Buffett
Warren Buffett Quotes About Leadership
If you gave me $100 billion and said take away the soft drink leadership of Coca-Cola in the world, I'd give it back to you and say it can't be done. — Warren Buffett
It's almost impossible to overpay the truly extraordinary CEO... but the species is rare. — Warren Buffett
When the president of the United States goes out at, you know, 8:00 o'clock in the morning and then his own party votes gets him 2 to 1 in the house, you know that somehow a message isn't getting out. It takes real leadership. — Warren Buffett
Warren Buffett Quotes About Saving
Well, I think the biggest mistake is not learning the habits of saving properly early. Because saving is a habit. And then, trying to get rich quick. It's pretty easy to get well-to-do slowly. But it's not easy to get rich quick. — Warren Buffett
Taking jobs to build up your resume is the same as saving up sex for old age. — Warren Buffett
I think you are out of your mind if you keep taking jobs that you don't like because you think it will look good on your resume. Isn't that a little like saving up sex for your old age? — Warren Buffett
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. — Warren Buffett
Resolution Trust Company was set up to liquidate a bunch of assets that the government had inherited because the savings and loans went broke. — Warren Buffett
I’ve worked in an economy that rewards someone who saves the lives of others on a battlefield with a medal, rewards a great teacher with thank-you notes from parents, but rewards those who can detect the mispricing of securities with sums reaching into the billions. — Warren Buffett
I asked him what he wanted to do for his career, and he replied that he wanted to go into a particular field, but thought he should work for McKinsey for a few years first to add to his resume. To me that's like saving sex for your old age. It makes no sense. — Warren Buffett
If I were the treasury secretary or head of the Fed, you know, I would try to scare the hell the out of the private sector and say, you better save this because you're going down with the ship. — Warren Buffett
Warren Buffett Quotes About Integrity
In looking for people to hire, look for three qualities: integrity, intelligence and energy. And if they don't have the first, the other two will kill you. — Warren Buffett
Charlie [Munger] and I are not big fans of resumes. Instead, we focus on brains, passion and integrity. — Warren Buffett
Look for 3 things in a person. Intelligence, Energy, & Integrity.
If they don't have the last one, don't even bother with the first two. — Warren Buffett
Warren Buffett Quotes About Real Estate
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results. — Warren Buffett
I really like my life. I've arranged my life so that I can do what I want. — Warren Buffett
We will reject interesting opportunities rather than over-leverage our balance sheet. — Warren Buffett
When we went crazy, and we did go crazy on residential real estate, it set things in motion that just - the dominoes started toppling. — Warren Buffett
I would say the biggest single cause was we had an incredible residential real estate bubble. — Warren Buffett
Warren Buffett Quotes About Investment
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. — Warren Buffett
Uncertainty is the friend of the buyer of long term values. — Warren Buffett
Games are won by players who focus on the playing field -- not by those whose eyes are glued to the scoreboard. — Warren Buffett
First come the innovators, then come the imitators, then come the idiots. — Warren Buffett
Investment students need only two well-taught courses - How to Value a Business and How to Think About Market Prices — Warren Buffett
I am a better investor because I am a businessman, and a better businessman because I am no investor. — Warren Buffett
In investing, just as in baseball, to put runs on the scoreboard, one must watch the playing field, not the scoreboard. — Warren Buffett
Buy companies with strong histories of profitability and with a dominant business franchise. — Warren Buffett
What the wise do in the beginning, fools do in the end. — Warren Buffett
Cash combined with courage in a time of crisis is priceless. — Warren Buffett
Warren Buffett Quotes About Philanthropy
If you’re in the luckiest one per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent. — Warren Buffett
Mark Zuckerberg will be a hero to many young entrepreneurs 20 years from now. Bill Gates will be a hero to others, and they will look to those [people] like I read books when I was in my teens about Rockefeller or Carnegie. — Warren Buffett
On his Giving Pledge philanthropy: The way I got the message out was to get a copy of FORBES, look down that 400 list and start making phone calls! Bill and Melinda [Gates] did the same thing. So keep publishing
the list so I can milk it. — Warren Buffett
Warren Buffett Quotes About People
Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway. — Warren Buffett
There are three kinds of people: 1. Innovators. 2. Imitators. 3. Idiots. — Warren Buffett
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. — Warren Buffett
It's good to learn from your mistakes. It's better to learn from other people's mistakes. — Warren Buffett
People will always try to stop you from doing the right thing if it is unconventional. — Warren Buffett
We only want to link up with people whom we like, admire, and trust. ... We do not wish to join with managers who lack admirable qualities, no matter how attractive the prospects of their business. We've never succeeded in making a good deal with a bad person. — Warren Buffett
People tend to underestimate low-probability events when they haven’t happened recently, and overestimate them when they have happened recently - that is the nature of the human animal. — Warren Buffett
If past history was all there was to the game, the richest people would be librarians. — Warren Buffett
The best way in my view is to just buy a low-cost index fund and keep buying it regularly over time, because you'll be buying into a wonderful industry, which in effect is all of American industry... People ought to sit back and relax and keep accumulating over time. — Warren Buffett
I choose to work with every single person that I work with. That ends up being the most important factor. I don't interact with people I don't like or admire. That's the key. It's like marrying. — Warren Buffett
Warren Buffett Quotes About Business
Accounting is the language of business. — Warren Buffett
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price. — Warren Buffett
In business, I look for economic castles protected by unbreachable 'moats'. — Warren Buffett
I'll tell you why I like the cigarette business. It cost a penny to make. Sell it for a dollar. It's addictive. And there's a fantastic brand loyalty. — Warren Buffett
Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation. — Warren Buffett
We don't get paid for being busy, we get paid for being right. — Warren Buffett
The reaction of weak management to weak operations is often weak accounting. — Warren Buffett
The true investor welcomes volatility ... a wildly fluctuating market means that irrationally low prices will periodically be attached to solid businesses. — Warren Buffett
If you've got the power to raise prices without losing business to a competitor, you've got a very good business. And if you have to have a prayer session before raising the price by a tenth of a cent, then you've got a terrible business. I've been in both, and I know the difference. — Warren Buffett
If a business does well, the stock eventually follows. — Warren Buffett
Warren Buffett Quotes About Years
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently. — Warren Buffett
Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years. — Warren Buffett
You have to buy businesses and you have to buy them at attractive prices. And you have to buy into good businesses. That advice will be the same a hundred years from now. That’s what it’s all about. — Warren Buffett
A low-cost index fund is the most sensible equity investment for the great majority of investors. My mentor, Ben Graham, took this position many years ago, and everything I have seen since convinces me of its truth. — Warren Buffett
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. — Warren Buffett
In other words, the percentage change in book value in any given year is likely to be reasonably close to that year's change in intrinsic value. — Warren Buffett
The best business returns are usually achieved by companies that are doing something quite similar today to what they were doing five or ten years ago. — Warren Buffett
I checked the actuarial tables, and the lowest death rate is among six-year-olds. So I decided to eat like a six-year-old. — Warren Buffett
Over the years, a number of very smart people have learned the hard way that a long string of impressive numbers multiplied by a single zero always equals zero. — Warren Buffett
If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes. — Warren Buffett
Warren Buffett Quotes About Stock
The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient. — Warren Buffett
Stop trying to predict the direction of the stock market, the economy or elections. — Warren Buffett
I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will. — Warren Buffett
Many stock options in the corporate world have worked in exactly that fashion: they have gained in value simply because management retained earnings, not because it did well with the capital in its hands. — Warren Buffett
Our stay-put behavior reflects our view that the stock market serves as a relocation center at which money is moved from the active to the patient. — Warren Buffett
Market prices for stocks fluctuate at great amplitudes around intrinsic value but, over the long term, intrinsic value is virtually always reflected at some point in market price. — Warren Buffett
You shouldn't own common stocks if a 50 per cent decrease in their value in a short period of time would cause you acute distress. — Warren Buffett
Buy into a company because you want to own it, not because you want the stock to go up. — Warren Buffett
All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies. — Warren Buffett
Warren Buffett Famous Quotes And Sayings
Rule No.1: Never lose money. Rule No.2: Never forget rule No.1. — Warren Buffett
Risk comes from not knowing what you're doing. — Warren Buffett
I make plenty of mistakes and I'll make plenty more mistakes, too. That's part of the game. You've just got to make sure that the right things overcome the wrong ones. — Warren Buffett
There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning. — Warren Buffett
Never depend on single income. Make investment to create a second source. — Warren Buffett
Accounting is the language of business. — Warren Buffett
The key to success is emotional stability. — Warren Buffett
Always associate yourself with people who are better than you. — Warren Buffett
No matter how great the talent or efforts, some things just take time. — Warren Buffett
Chains of habit are too light to be felt until they are too heavy to be broken. — Warren Buffett
You can't produce a baby in one month by getting nine women pregnant. — Warren Buffett
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful. — Warren Buffett
Asking for financial advice from a financial planner is like asking a barber if you need a hair cut. — Warren Buffett
Never ask a barber if you need a haircut. — Warren Buffett
Outstanding long-term results are produced primarily by avoiding dumb decisions, rather than by making brilliant ones. — Warren Buffett
Uncertainty is the friend of the buyer of long term values. — Warren Buffett
Energy deregulation will be the largest transfer of wealth in history. — Warren Buffett
I will do anything that is basically covered by the law to reduce Berkshire's tax rate. For example, on wind energy, we get a tax credit if we build a lot of wind farms. That's the only reason to build them. They don't make sense without the tax credit. — Warren Buffett
The best asset is your own self. You can become to an enormous degree the person you want to be — Warren Buffett
Do not put all your eggs in one basket. — Warren Buffett
You have to understand accounting and you have to understand the nuances of accounting. It's the language of business and it's an imperfect language, but unless you are willing to put in the effort to learn accounting - how to read and interpret financial statements - you really shouldn't select stocks yourself — Warren Buffett
The most important investment you can make is in yourself. Very few people get anything like their potential horsepower translated into the actual horsepower of their output in life. Potential exceeds realization for many people...The best asset is your own self. You can become to an enormous degree the person you want to be. — Warren Buffett
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. — Warren Buffett
In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497. — Warren Buffett
My friends and I have been coddled long enough by a billionaire-friendly Congress. — Warren Buffett
Only when the tide goes out do you discover who's been swimming naked. — Warren Buffett
Derivatives are financial weapons of mass destruction. — Warren Buffett
Everybody's got a different circle of competence. The important thing is not how big the circle is. The important thing is staying inside the circle. — Warren Buffett
it's a good idea to review past mistakes before committing new ones. — Warren Buffett
The smartest side to take in a bidding war is the losing side. — Warren Buffett
OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched. — Warren Buffett
But 300 million Americans, their lending institutions, their government, their media, all believed that house prices were going to go up consistently. And that got billed into a $20 trillion residential home market. Lending was done based on it, and everybody did a lot of foolish things. — Warren Buffett
I don't have my diploma from the University of Nebraska hanging on my office wall, and I don't have my diploma from Columbia up there either-but I do have my Dale Carnegie graduation certificate proudly displayed. — Warren Buffett
Things you like to do should be a hobby of yours, but things the world does should be a business of yours. — Warren Buffett
Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it. — Warren Buffett
A bull market is like sex. It feels best just before it ends. — Warren Buffett
The best education you can get is investing in yourself, and that doesn't mean college or university. — Warren Buffett
Knowing the edge of your competency is important. If you think you know more than you do, you will get in trouble. — Warren Buffett
Life Lessons by Warren Buffett
Warren Buffett emphasizes the importance of taking calculated risks and learning from mistakes, as well as the value of patience and discipline in investing.
He also emphasizes the importance of having a long-term vision and staying focused on the goal, as well as the need to be frugal and live within one's means.
Finally, he encourages people to be generous and to give back to the community, as well as to invest in oneself through education and learning.
Citation
Feel free to cite and use any of the quotes by Warren Buffett. For popular citation styles (APA, Chicago, MLA), go to citation page.
