70 Warren Buffett Phrases , One of the best investors in history, the largest shareholder and CEO of Berkshire Hathaway.
Warren Buffett is a US billionaire with a fortune estimated at $ 58 billion, built on business and investment.
As a child he sold Washington Posy newspapers and even subcontracted children. He also bought packs of coca cola bottles and sold them individually. When I was a teenager, I already made twice as much money as the average American family. At the age of 20 he had about $ 10000 of the time, 100,000 of today with inflation.
From 1960, he built a partnership that allowed him to collect an annual quota of investors who participated in it. The model was therefore based on a scalable business and generated profit from the funds of others. In 1969, the Buffet Association had more than 100 million dollars in assets, increasing its personal wealth by 25 million dollars.
Since then, he continued to build his fortune by owning private companies that generated great profits and entering the insurance business.
He is currently the owner of the company Berkshire Hathaway , Where it owns a third of the shares. However, he is selling part of them to donate what he earned to charity.
Warren Buffett's Curiosities:
- When he gets up in the morning he has earned 11 million dollars.
- $ 456,000 every hour.
You may also be interested in These quotes about money .
1-Rule # 1: Never lose money. Rule # 2: Never forget rule # 1.
2-There must be a perverse human characteristic that likes to make things difficult, easy.
3-The risk comes from not knowing what you are doing.
4-Only buy things you would be happy if the market closed for 10 years.
5-Risk is part of God's game, the same for men and nations.
6-Of the billionaires I have known, money only highlights its basic features. If they were idiots before they had money, they're just idiots with a trillion dollars.
7-I always knew I was going to be rich. I think I did not hesitate for a minute.
8-It's always better to spend time with people better than you. Choose associates whose behavior is better than yours and you will go in that direction.
9-It takes 20 years to build a reputation and 5 minutes to ruin it. If you think about it, you will do things differently.
10-We always live in an uncertain world. It is certain that the United States will go forward with time.
11-It is much better to buy a great company at a fair price than a fair company at a great price.
12-The price is what you pay for. Value is what you get.
13-The chains of the habit are very light to be felt until they are too heavy to be broken.
14-In the business world, the rear view mirror is always clearer than the windshield.
15-Predicting rain does not count. Build coffers yes.
16-Someone is sitting in the shade today because another planted a tree a long time ago.
17-People today save enough money to feel comfortable. You should not. They have opted for a terrible long-term asset, one that virtually pays nothing and is sure to lose its value.
18-Do things when opportunities come. I had periods in my life when I had lots of ideas coming, and I had long periods of drought. If I have an idea next week, I'll do something. If not, I will not do anything.
19-Americans are in a cycle of fear that leads people to not want to spend and not want to invest, and that leads to more fear. Let out. It takes time.
20-Look at the fluctuations of the market as your friend instead of your enemy; Take advantage of the madness instead of participating in it.
21-Today's investor does not profit from yesterday's growth.
22-Basically, when you are my age, you will really measure your success in life by how many of the people you love actually love you.
23-I believe that the most important factor to emerge from the recession today is only the capacity for regeneration of American capital.
24-When a management with a brilliant reputation addresses a business with a reputation for bad economy, it is the reputation of the company that remains intact.
25-Only when the low tide you discover who has been swimming naked.
26-It is better to spend time with people better than you. Choose partners whose behavior is better than yours
27-A survey of public opinion is not a substitute for thinking.
28-If you get to my age and nobody thinks well of you, I do not care how big your bank account, your life is a disaster.
29-We must try to be fearful when others are greedy and to be greedy when others are fearful.
30-The difference between successful people and people who are really successful is that really successful people say no to almost everything.
31-The big question about how people behave is whether they have an internal or external dashboard. It is helpful if you are satisfied with an internal dashboard.
32-The reward of business schools makes complex behavior more difficult than simple, but simple behavior is more effective.
33-We enjoy the process much more than the profits.
"The best thing I did was to choose the right heroes.
35 -You just have to do very few things right in life, as long as you do not do many things wrong.
36-If a business goes well, eventually capital will follow in its footsteps.
37-If you are in a boat with chronic leaks, the energy dedicated to changing boats will be more productive than the energy dedicated to filtering leaks.
38-I do not seek to jump on 7-foot bars: I look for 1-foot bars that I can go over.
39-Why not invest your assets in companies that you really like? As Mae West said, 'Too much of a good thing can be wonderful.'
40-Time is the friend of the excellent company, the enemy of the mediocre.
41-I bought a company in the mid 90's called Dexter Shoe and paid 400 million dollars for it. And I was left with nothing. And I've spent about $ 400 million worth of Berkshire stock, which is now probably worth $ 400 billion. I've made many silly decisions. That's part of the game.
The only way to get love is by being kind. It's very irritating if you have a lot of money. You would like to think that you could write a check that says,"I'm going to buy a million dollars of love." But it does not work that way. The more you give love, the more you get.
43- I never try to make money in the stock market. I can buy on the assumption that they could close the market the next day and not reopen it for five years.
44. If you are not willing to keep your action for the next ten years, then do not consider acquiring it even for the next ten minutes.
45- When we have outstanding business portions with pending management, our favorite tenure period is forever.
46- In the long term, stock market news will be good. In the twentieth century, the United States suffered two world wars and other traumatic and costly military conflicts; the Depression; A dozen recessions and financial panic; Oil shocks; An epidemic of flies; And the resignation of a disgraced president. However, the Dow went from 66 to 11,497.
Charlie and I would follow a policy of purchase and retention even if we managed a tax-free institution.
48- Calling someone who actively trades in an investor's market is like calling someone who repeatedly loves a romantic night.
49- The success of the investment takes time, discipline and patience. No matter how great the talent or effort, some things only take time: You can not produce a baby in a month for leaving nine pregnant women.
50- Buy an action the same way you would buy a house. Understand and appraise it in such a way that it would be content with its property even in the absence of any market.
51- I call to invest the biggest business in the world... because you never have to fan. You're standing on the plate, the launcher throws General Motors at 47! U.S. Steel to 39! And no one yells Strike. There is no penalty except missed opportunity. Throughout the day you wait only for the launch you like; Then, when the campers are sleeping, you step forward and hit a hit.
52- Opportunities come infrequently. When it rains gold, take out the bucket, not the thimble.
An investor should act as if he had a lifetime decision card with only twenty uses in it.
54. You only have to do very few things well in your life, as long as you do not do too many things wrong.
55- It is not necessary to do extraordinary things to have extraordinary results.
I insist on spending much time, almost every day, sitting and thinking. That is very rare in American businesses. I read and I think. So I usually read and think more, and I take less of the impulsive decisions that most people have in business.
57- What an investor needs is the ability to correctly evaluate the selected businesses. Notice the word"selected": You do not have to be an expert in every company, not many. You just need to be able to evaluate companies within your competition circle. The size of that circle is not very important; Knowing its limits, however, is vital.
58- What counts for most people who invest is not how much they know, but how realistic they define what they do not know.
59. There is nothing wrong with an investor who 'knows nothing' and who realizes it. The problem is when you are an investor who"knows nothing"but believes that you know something.
You do not need to be a rocket scientist. Investing is not a game where the guy with the IQ of 160 beats the guy with IQ of 130.
61. We make no attempt to choose the few winners that will emerge from an ocean of untested companies. We are not smart enough to do that, and we know it. Instead, we try to apply Aesop's 2,600-year-old equation in which we have reasonable confidence as to how many birds are on the mountain and when they will arise.
62- The key to investing is not evaluating how much the industry will affect society, nor how much it will grow, but determine the competitive advantage of a given company and, above all, the durability of that advantage.
63- Stocks of companies selling commodity-like products should come with a warning label:"Competition can be dangerous to human wealth."
A horse that can count to ten is a remarkable horse, not a remarkable mathematician.
65. A long time ago, Ben Graham taught me that 'Price is what you pay for; Value is what you get". Whether it's socks or stock, I like to buy quality merchandise when it's marked
66- For the investor, an excessive purchase price of the stock of an excellent company, can undo the effects of a subsequent decade of favorable commercial developments.
Most people are interested in actions when everyone else is. The time to be interested is when no one else is. You can not buy what is popular and get it right.
68- The best thing that happens to us is when a big company gets into temporary problems... we want to buy them when they are on the operating table.
69- Be afraid when others are greedy and greedy only when others are afraid.
70- The most common cause of low prices is pessimism, sometimes pervasive, sometimes specific to a business or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It is the optimism that is the enemy of the rational buyer.