Warren Buffett is widely regarded as one of the most successful investors in the world. His journey started as a young boy interested in business and led to becoming the chairman and CEO of Berkshire Hathaway. In this post, we share some famous Warren Buffett quotes for daily inspiration.

Early Life

Warren Buffett was born on August 30, 1930 in Omaha, Nebraska. Buffett’s interest in business and investing began at an early age. By the age of 11, he had already purchased his first stock. And during his teenage years, he was already running small businesses.

His fascination with financial markets led him to study at the University of Nebraska, and later at the Columbia Business School.

Berkshire Hathaway

In 1965, Buffett acquired a textile manufacturing company named Berkshire Hathaway. He eventually transformed this company into a diverse conglomerate with holdings in various industries. These included insurance, energy, consumer goods, and more.

Buffett’s leadership and investment strategies played a crucial role in shaping Berkshire Hathaway into the powerhouse it is today.

Investment Principles

One of Buffett’s key investment principles is value investing. He seeks companies with strong fundamentals, a competitive edge, and a durable competitive advantage.

His approach involves identifying undervalued stocks and holding onto them for the long term. This allows the power of compounding to work in his favor. This patient and disciplined strategy has been a cornerstone of his success.

Buffett is also known for his emphasis on economic moats – the sustainable competitive advantages that protect a company from its competitors. According to Buffett, businesses with wide economic moats are important. These companies are more likely to withstand market fluctuations and generate consistent returns over time.

“Buffettisms”

Buffett’s wisdom extends beyond the realm of finance. Buffett is celebrated for his straightforward and down-to-earth communication style.

His aphorisms, often referred to as “Buffettisms,” provide valuable insights into life and business. One of his famous quotes is, “The stock market is a device for transferring money from the impatient to the patient.” This quote emphasizes the importance of a long-term perspective in investing.

In addition, his annual letters to Berkshire Hathaway shareholders are eagerly awaited by investors. They are considered valuable resources for understanding his investment philosophy and gaining insights into the economy.

The Giving Pledge

Buffett’s personal life is marked by modesty and frugality, despite his immense wealth. He famously lives in the same Omaha home he bought in 1958. He is also known for his preference for simple pleasures.

Buffett is also a prominent philanthropist. Along with Bill and Melinda Gates, he established the Giving Pledge. This is a commitment by some of the world’s wealthiest individuals and families to give away the majority of their wealth to address society’s most pressing problems.

Famous Warren Buffet quotes — Buffett playing cards with Bill Gates during the Berkshire Hathaway shareholder’s weekend (2018).
Source: Wikipedia

The Legacy of Warren Buffett

Warren Buffett’s influence on the financial world remains profound. His journey is a remarkable tale of financial acumen and disciplined investing.

He is not only a successful investor, but also a prominent philanthropist. And his life and career continue to inspire countless individuals in their pursuit of financial success and wisdom.

Famous Warren Buffett Quotes

Below are several famous Warren Buffett quotes from throughout his career. We hope these will be a source of inspiration and courage in your life.

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

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

“The rich are always going to say that, you know, just give us more money and we’ll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, I hope the American public is catching on.”

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

“Predicting rain doesn’t count. Building arks does.”

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

“The first rule is not to lose. The second rule is not to forget the first rule.”

“Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.”

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

“The stock market is a device for transferring money from the impatient to the patient.”