Warren Buffet's top 100 Investing Quotes -100 Ways to Think Like Warren Buffett
A masterclass in patience, pricing power, and business moats told through the Oracle of Omaha's most iconic wisdom
100 Sentences That Will Change How You Invest Forever
100 Investing Insights from Warren Buffett
"Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1." — Warren Buffett
"Price is what you pay. Value is what you get." — 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
"Our favorite holding period is forever." — Warren Buffett
"Risk comes from not knowing what you're doing." — Warren Buffett
"Be fearful when others are greedy and greedy when others are fearful." — Warren Buffett
"Only when the tide goes out do you discover who has been swimming naked." — Warren Buffett
"The stock market is a highly efficient mechanism for transferring wealth from the impatient to the patient." — Warren Buffett
"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
"Someone's sitting in the shade today because someone planted a tree a long time ago." — Warren Buffett
"If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes." — Warren Buffett
"The most important quality for an investor is temperament, not intellect." — Warren Buffett
"Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble." — Warren Buffett
"In the business world, the rearview mirror is always clearer than the windshield." — 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
"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
"Diversification is protection against ignorance. It makes little sense if you know what you are doing." — Warren Buffett
"If a business does well, the stock eventually follows." — Warren Buffett
"Investment must have a rational basis. If it isn't a business you understand, it's not an investment." — Warren Buffett
"The most important thing to do if you find yourself in a hole is to stop digging." — Warren Buffett
"Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future." — Warren Buffett
"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 don't look to jump over 7-foot bars; I look around for 1-foot bars that I can step over." — Warren Buffett
"The stock market is a distraction to the long-term investor." — Warren Buffett
"Our stay-at-the-crease strategy is to wait for the fat pitch." — Warren Buffett
"Time is the friend of the wonderful company, the enemy of the mediocre." — Warren Buffett
"In looking for someone 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." — Warren Buffett
"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful." — Warren Buffett
"Never invest in a business you cannot understand." — Warren Buffett
"An investor should act as though he had a lifetime decision card with just twenty punches on it." — Warren Buffett
"The difference between successful people and really successful people is that really successful people say no to almost everything." — Warren Buffett
"If you buy things you do not need, soon you will have to sell things you need." — Warren Buffett
"Interest rates are to asset prices what gravity is to the apple." — Warren Buffett
"Cash is to a business as oxygen is to an individual: never thought about when it is present, the only thing in mind when it is absent." — Warren Buffett
"You cannot make a good deal with a bad person." — 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
"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
"Wide diversification is only required when investors do not understand what they are doing." — Warren Buffett
"A public opinion poll is no substitute for thought." — 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
"The investor of today does not profit from yesterday's growth." — Warren Buffett
"When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact." — Warren Buffett
"I’ve seen more people fail because of liquor and leverage – leverage being borrowed money." — Warren Buffett
"Look for companies with pricing power. If you have to have a prayer session before raising the price, you’ve got a terrible business." — Warren Buffett
"The key to investing is not assessing how much an industry is going to affect society, but rather determining the competitive advantage of any given company." — Warren Buffett
"We don't get paid for activity, just for being right." — Warren Buffett
"The most common cause of low prices is pessimism—some times pervasive, some times specific to a company. We want to do business in such an environment." — Warren Buffett
"Managers that always promise to 'make the numbers' will at some point be tempted to make up the numbers." — Warren Buffett
"Read 500 pages like this every day. That's how knowledge works. It builds up, like compound interest." — Warren Buffett
"The stock market is designed to transfer money from the Active to the Patient." — Warren Buffett
"If you don’t find a way to make money while you sleep, you will work until you die." — Warren Buffett
"No matter how great the talent or efforts, some things just take time. You can't produce a baby in one month by getting nine women pregnant." — Warren Buffett
"We delegate to the point of abdication." — Warren Buffett
"Brand power is the ultimate moat." — Warren Buffett
"If we can't find anything within our circle of competence, we don't expand the circle. We wait." — Warren Buffett
"Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple." — 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
"Basically, when you get to my age, you’ll really measure your success in life by how many of the people you want to have love you actually do love you." — Warren Buffett
"Wealth is the ability to fully experience life." — Warren Buffett
"The most important investment you can make is in yourself." — Warren Buffett
"Index funds are the best way for most people to invest." — Warren Buffett
"We like stocks that generate high returns on capital without needing much debt." — Warren Buffett
"Risk is part of the game, but unnecessary risk is a crime." — Warren Buffett
"In business, I look for economic castles protected by unbreachable moats." — Warren Buffett
"Don't get caught up with what other people are doing." — Warren Buffett
"The goal of the non-professional should not be to pick winners... but should be to own a cross-section of businesses that in aggregate are bound to do well." — Warren Buffett
"We will never become dependent on the kindness of strangers." — Warren Buffett
"Transparency in reporting is the mark of a manager you can trust." — Warren Buffett
"Honesty is a very expensive gift. Don't expect it from cheap people." — Warren Buffett
"Active trading is the enemy of investment returns." — Warren Buffett
"A margin of safety is necessary because we are human and we make mistakes." — Warren Buffett
"If you're in the luckiest 1% of humanity, you owe it to the rest of humanity to think about the other 99%." — Warren Buffett
"Choose managers who love the business more than they love the money." — Warren Buffett
"The big money is not in the buying and the selling, but in the waiting." — Warren Buffett
"What counts for most people in investing is not how much they know, but rather how realistically they define what they don’t know." — Warren Buffett
"A checklist is your best friend against ego." — Warren Buffett
"We don't have to be smarter than the rest. We have to be more disciplined than the rest." — Warren Buffett
"Public opinion is not a substitute for thought." — Warren Buffett
"The more you learn, the more you earn." — Warren Buffett
"Learn from your mistakes, but better yet, learn from the mistakes of others." — Warren Buffett
"Rationality is the ultimate competitive advantage." — Warren Buffett
"We ignore outlooks and forecasts. We stick to the facts." — Warren Buffett
"Don't let your emotions get in the way of your logic." — Warren Buffett
"In the end, you should be able to explain why you bought a stock to a child." — Warren Buffett
"The size of your circle of competence is not very important; knowing its boundaries, however, is vital." — Warren Buffett
"The market is there to serve you, not to guide you." — Warren Buffett
"Does the management think like owners?" — Warren Buffett
"I make plenty of mistakes and I’ll make more." — Warren Buffett
"We want our managers to run their businesses as if they were the only asset they and their families would ever own for the next 100 years." — Warren Buffett
"Avoid the 'too hard' pile." — Warren Buffett
"The strategy we've adopted precludes our following standard diversification dogma." — Warren Buffett
"If you have a harem of forty women, you never get to know any of them very well." — Warren Buffett
"It’s only when you combine ignorance and leverage that you get some pretty interesting results." — Warren Buffett
"Successful investing takes time, discipline, and patience." — Warren Buffett
"Waiting helps you as an investor and a lot of people just can't stand to wait." — Warren Buffett
"If you're prepared, you'll be able to act when the opportunity arises." — Warren Buffett
"Buy it as a stock, hold it as a business." — Warren Buffett
"Bad terminology is the enemy of good thinking." — Warren Buffett
"Concentrate your investments in companies that have a high probability of above-average growth." — Warren Buffett
"The most important thing to remember is that the market is a servant, not a master." — Warren Buffett