Warren Buffett: 20 Insightful Quotes

Warren Buffett, one of the most successful investors of all time, is known for his wisdom on investing, business, and life. Below is a collection of 20 insightful quotes attributed to him, reflecting his philosophy on value investing, patience, and decision-making.

1. “Price is what you pay. Value is what you get.”

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

3. “Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1.”

4. “Risk comes from not knowing what you’re doing.”

5. “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”

6. “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”

7. “Someone’s sitting in the shade today because someone planted a tree a long time ago.”

8. “The stock market is designed to transfer money from the active to the patient.”

9. “If you aren’t impressed with the picture of the future for a business, don’t buy it, even if it’s cheap.”

10. “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.”

11. “The most important investment you can make is in yourself.”

12. “Only when the tide goes out do you discover who’s been swimming naked.”

13. “In the business world, the rearview mirror is always clearer than the windshield.”

14. “The best thing to do is to buy a good business and hold it for a long time.”

15. “Time is the friend of the wonderful company, the enemy of the mediocre.”

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

17. “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.”

18. “Our favorite holding period is forever.”

19. “An investor should act as though he had a lifetime decision card with just 20 punches on it.”

20. “The difference between successful people and really successful people is that really successful people say no to almost everything.”

These quotes capture Buffett’s principles of long-term investing, discipline, and the importance of understanding value.