Inspirational Quotes by Billionaire Warren Buffett

  • I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.
  • Risk comes from not knowing what you’re doing.
  • It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.
  • I bought a company in the mid-’90s called Dexter Shoe and paid $400 million for it. And it went to zero. And I gave about $400 million worth of Berkshire stock, which is probably now worth $400 billion. But I’ve made lots of dumb decisions. That’s part of the game.
  • Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
  • Price is what you pay. Value is what you get.
  • In the business world, the rear view mirror is always clearer than the windshield.
  • 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.
  • 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.
  • You only have to do a very few things right in your life so long as you don’t do too many things wrong.
  • I buy expensive suits. They just look cheap on me.
  • Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
  • If a business does well, the stock eventually follows.
  • 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.
  • The difference between successful people and really successful people is that really successful people say no to almost everything.
  • Somebody once said that in looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if you don’t have the first, the other two will kill you. You think about it; it’s true. If you hire somebody without [integrity], you really want them to be dumb and lazy.
  • Honesty is a very expensive gift, Don’t expect it from cheap people.
  • I always knew I was going to be rich. I don’t think I ever doubted it for a minute.
  • Never ask a barber if you need a haircut.
  • 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.

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