Warren Buffett acquired 400 Million Coca-Cola shares worth $23 Billion.
Warren Buffett, one of the most successful investors of all time, has shared numerous pieces of advice over the years. Here are 63 pieces of advice inspired by his wisdom:
Investing:
- “Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1.”
- “Buy when others are fearful, and sell when others are greedy.”
- “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”
- “Invest in what you understand.”
- “Diversification is a protection against ignorance.”
- “Our favorite holding period is forever.”
- “The stock market is a device for transferring money from the impatient to the patient.”
- “Simplicity is the ultimate sophistication.”
- “I always knew I was going to be rich. I don’t think I ever doubted it for a minute.”
- “Price is what you pay. Value is what you get.”
- “Someone’s sitting in the shade today because someone planted a tree a long time ago.”
- “The investor of today does not profit from yesterday’s growth.”
- “Predicting rain doesn’t count. Building arks does.”
- “Risk comes from not knowing what you’re doing.”
- “You never know who’s swimming naked until the tide goes out.”
- “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”
- “The only value of stock forecasters is to make fortune tellers look good.”
- “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.”
- “Successful investing is about managing risk, not avoiding it.”
- “Invest for the long term. Time is your greatest ally in building wealth.”
- “Buy businesses, not stocks. Focus on the underlying value of the company.”
- “A great investor is like a great athlete. You need practice and discipline to excel.”
- “When making decisions, consider the worst-case scenario and whether you can handle it.”
- “Choose investments based on their fundamentals, not on short-term market trends.”
- “Be patient and don’t rush into investments. Opportunities will come to those who wait.”
- “Think about the businesses you own as if you’re a partial owner, because you are.”
- “Be wary of complex investments. If you can’t understand it, don’t invest in it.”
- “The stock market is a device for transferring money from the impatient to the patient.”
- “I try to buy stock in businesses that are so wonderful that an idiot can run them because sooner or later, one will.”
- “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.”
Business:
- “Your premium brand had better be delivering something special, or it’s not going to get the business.”
- “Focus on a few great opportunities rather than spreading your resources too thin.”
- “It takes 20 years to build a reputation and five minutes to ruin it.”
- “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.”
- “Honesty is a very expensive gift. Don’t expect it from cheap people.”
- “You do things when the opportunities come along. I’ve had periods in my life when I’ve had a bundle of ideas come along, and I’ve had long dry spells. If I get an idea next week, I’ll do something. If not, I won’t do a damn thing.”
- “The most important investment you can make is in yourself.”
- “Read 500 pages every day. That’s how knowledge works. It builds up, like compound interest.”
- “You only have to do a very few things right in your life, so long as you don’t do too many things wrong.”
- “The difference between successful people and really successful people is that really successful people say no to almost everything.”
- “In the business world, the rearview mirror is always clearer than the windshield.”
- “You do things when the opportunities come along. I’ve had periods in my life when I’ve had a bundle of ideas come along, and I’ve had long dry spells. If I get an idea next week, I’ll do something. If not, I won’t do a damn thing.”
- “It’s not necessary to do extraordinary things to get extraordinary results.”
- “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.”
- “Simplicity is the ultimate sophistication.”
- “There seems to be some perverse human characteristic that likes to make easy things difficult.”
- “Invest in companies with a durable competitive advantage. Seek moats that protect their business.”
- “Embrace your mistakes as learning opportunities. Don’t be afraid to admit when you’re wrong.”
- “Don’t be swayed by market sentiment. Your decisions should be rational, not emotional.”
- “Be consistent in your approach. Successful investing requires discipline over time.”
- “Give back and share your success with others. Generosity is a mark of true wealth.”
Self-Worth:
- “Avoid debt and live within your means. Financial stability is crucial.”
- “The best investment you can make is in your own abilities.”
- “Time is the friend of the wonderful business, the enemy of the mediocre.”
- “The most important quality for an investor is temperament, not intellect.”
- “You only have to get rich once.”
- “Surround yourself with people who challenge and uplift you. Your environment matters.”
- “Stay curious. Keep learning about businesses, industries, and the world.”
- “Stay humble and acknowledge that you’ll never have all the answers.”
- “The chains of habit are too light to be felt until they are too heavy to be broken.”
- “Risk comes from not knowing what you’re doing.”
- “Don’t be afraid to be different from the crowd. The best opportunities often lie where others aren’t looking.”
- “Perseverance: It’s only when the tide goes out that you discover who’s been swimming naked.”
Intuitively categorized by Shlionz.