1. People
    2.  › 
  2. Warren Buffett
Warren Buffett photo

Warren Buffett Quotes

Total quotes: 37
“In 1776, America set off to unleash human potential by combining market economics, the rule of law and equality of opportunity. This foundation was an act of genius that in only 241 years converted our original villages and prairies into $96 trillion of wealth.”
— Warren Buffett, Warren Buffett Shares the Secrets to Wealth in America
Tagged: The Founding Fathers, The Birth of America, Economic Evolution, Creation of Wealth, What Made The United States Rich
“In the years of growth that certainly lie ahead, I have no doubt that America can both deliver riches to many and a decent life to all. We must not settle for less.”
— Warren Buffett, Warren Buffett Shares the Secrets to Wealth in America
Tagged: America's Future, Economics of The United States, The Future of America
“The best thing I did was to choose the right heroes.”
— Warren Buffett, Buffett
Tagged: Heroes
“I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.”
— Warren Buffett, Unleash the Billionaire Within
Tagged: Planning, Investment, Risk Management
“Predicting rain doesn't count. Building arks does.”
— Warren Buffett, Warren Buffett on Wobbly Market: ‘Predicting Rain Doesn’t Count. Building Arks Does’
Tagged: Future, Planning, Forecasts, Predictions
“I sent one e-mail in my life. I sent it to Jeff Raikes at Microsoft, and it ended up in court in Minneapolis, so I am one for one.”
— Warren Buffett
Tagged: Email, Microsoft, minneapolis, Lawsuits, Luddites, Technophobia
“You know, people talk about this being an uncertain time. You know, all time is uncertain. I mean, it was uncertain back in—in 2007, we just didn't know it was uncertain. It was - uncertain on September 10th, 2001. It was uncertain on October 18th, 1987, you just didn't know it.”
— Warren Buffett, Warren Buffett to CNBC: Country Should Get Needed Income from the 'People Who Have It'
Tagged: Uncertainty, 9/11, Risk Management, Pessimism
“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, Warren Buffett: his best quotes
Tagged: Advice, Wisdom
“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
Tagged: Wisdom, Learning, Behavior
“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, Warren Buffett, The $59 Billion Philanthropist
Tagged: Jerks, Billionaires, Money
“The big question about how people behave is whether they've got an Inner Scorecard or an Outer Scorecard. It helps if you can be satisfied with an Inner Scorecard. I always pose it this way. I say, ‘Lookit. Would you rather be the world’s greatest lover, but have everyone think you’re the world’s worst lover? Or would you rather be the world’s worst lover but have everyone think you’re the world’s greatest lover?’ Now, that’s an interesting question.”
— Warren Buffett, The Snowball
Tagged: Scorecards, Lovers, Self-Image, Public Image
“That's the ultimate test of how you have lived your life. The trouble with love is that you can't buy it….The only way to get love is to be lovable….The more you give love away, the more you get.”
— Warren Buffett, The way billionaire Warren Buffett defines success has nothing to do with money
Tagged: Love, Success, Money, Wisdom
“I know people who have a lot of money, and they get testimonial dinners and they get hospital wings named after them. But the truth is that nobody in the world loves them. If you get to my age in life and nobody thinks well of you, I don't care how big your bank account is, your life is a disaster.”
— Warren Buffett, The way billionaire Warren Buffett defines success has nothing to do with money
Tagged: Success, Popularity, Being Loved, Wealth, Money
“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, The way billionaire Warren Buffett defines success has nothing to do with money
Tagged: Success, old age, Love
“If anything, taxes for the lower and middle class and maybe even the upper middle class should even probably be cut further. But I think that people at the high end—people like myself—should be paying a lot more in taxes. We have it better than we've ever had it.”
— Warren Buffett, Warren Buffett: Raise My Taxes
Tagged: Taxes, Lower Class, Middle Class, 1%, Progressive Tax
“In fact, when we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.”
— Warren Buffett
Tagged: Investing, Business
“It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”
— Warren Buffett
Tagged: Capitalism, Investing
“A strong market is like a high tide: Everyone can make money, but it’s only when the tide goes out that you discover who's been swimming naked.”
— Warren Buffett, Story-Based Selling
Tagged: Economics, Capitalism, markets
“Risk comes from not knowing what you're doing.”
— Warren Buffett
Tagged: Investing, Risk
“Someone's sitting in the shade today because someone planted a tree a long time ago.”
— Warren Buffett, It's Your Money, Honey
Tagged: Planning, Wisdom, Future
“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, Leadership
Tagged: Reputation, Bad Reputation, Wisdom
“Long ago, Ben Graham taught me that ‘Price is what you pay; value is what you get.’ Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.”
— Warren Buffett
Tagged: Price, Value, Investing
“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”
— Warren Buffett
Tagged: Fear, Greed, Investing
“Leaving the question of price aside, the best business to own is one that over an extended period can employ large amounts of incremental capital at very high rates of return.”
— Warren Buffett, The Essays of Warren Buffett: Lessons for Corporate America, Third Edition
Tagged: Investment, Good Businesses
“Having firstrate people on the team is more important than designing hierarchies and clarifying who reports to whom about what and at what times.”
— Warren Buffett, The Essays of Warren Buffett: Lessons for Corporate America, Third Edition
Tagged: Hiring, Running A Successful Business, People Make Successful Companies (Not Management)
“The whole idea of a risk factor doesn’t make any sense to me. Risk comes from not knowing you’re doing.”
— Warren Buffett, The Warren Buffett Way: Investment Strategies of the World's Greatest Investor
Tagged: Business, Risk, My Philosophy
“You never know who's swimming naked until the tide goes out.”
— Warren Buffett, Tap Dancing to Work: Warren Buffett on Practically Everything, 1966-2013
Tagged: Long-Term Capital, Comparing Yourself To Others, The Emporer Has No Clothes, What Happens After The Bull Market
“The worst mistakes include not understanding other people as much as you might.”
— Warren Buffett, Warren Buffett- HBO Documentary 2017
Tagged: Wall Street, Finance, hedge funds, Investing
“I think it's enjoyable to think about business or investment problems. They're easy. It's the human problems that are the tough ones. There's almost always a good answer with the money.”
— Warren Buffett, Warren Buffett- HBO Documentary 2017
Tagged: Wall Street, Finance, hedge funds, Investing
“The chains of habit are too light to be felt until they're too heavy to be broken.”
— Warren Buffett, Warren Buffett- HBO Documentary 2017
Tagged: Wall Street, Finance, hedge funds, Investing
“Rule #1: Never lose money
Rule #2: Never forget Rule #1”
— Warren Buffett, Warren Buffett- HBO Documentary 2017
Tagged: Wall Street, Finance, hedge funds, Investing
“He believed very much in having an inner scorecard and never worrying about what people thought about you.”
— Warren Buffett, Warren Buffett- HBO Documentary 2017
Tagged: Wall Street, Finance, hedge funds, Investing
“I wanted to put on the walls, days of extreme panic in Wall Street. Just as a reminder that anything can happen in this world. Its instructive art.”
— Warren Buffett, Warren Buffett- HBO Documentary 2017
Tagged: Wall Street, Finance, hedge funds, Investing
“There's no doubt in my mind, however, that the S&P 500 will do better than the great majority of professional managers achieve for their clients after fees.”
— Warren Buffett, Warren Buffett decides not to do second wager against hedge funds, citing his age
Tagged: hedge funds, Investing, S&P 500
“I read everything: annual reports, 10K's, 10Q's, biographies, histories, five newspapers a day. On airplanes, I read the instructions on the backs of the seats. Reading is key. Reading has made me rich over time.”
— Charles T. Munger, Warren Buffett, Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger, Expanded Third Edition
Tagged: Unbiased Points of View, Wealth, Becoming Rich, Perspective
“Honesty is a very expensive gift, Don’t expect it from cheap people.”
— Warren Buffett, How Billionaires Live: How Successful People Think and Behave
Tagged: Honesty, Gift
“An economic franchise arises from a product or service that: (1) is needed or desired; (2) is thought by its customers to have no close substitute and; (3) is not subject to price regulation. The existence of all three conditions will be demonstrated by a company's ability to regularly price its product or service aggressively and thereby to earn high rates of return on capital. Moreover, franchises can tolerate mis-management. Inept managers may diminish a franchise's profitability, but they cannot inflict mortal damage.

In contrast, "a business" earns exceptional profits only if it is the low-cost operator or if supply of its product or service is tight. Tightness in supply usually does not last long. With superior management, a company may maintain its status as a low-cost operator for a much longer time, but even then unceasingly faces the possibility of competitive attack. And a business, unlike a franchise, can be killed by poor management.”
— Warren Buffett, Chairman's Letter To The Shareholders of Berkshire Hathaway, 1991
Tagged: Business Experts, Monopoly, Warren Buffett, The Present Of Media, Warren Buffett On Media Companies
loading next page...