Warren Buffett
Warren Buffett
Warren Edward Buffett is an American business magnate, investor and philanthropist. He is considered by some to be one of the most successful investors in the world. Buffett is the chairman, CEO and largest shareholder of Berkshire Hathaway, and is consistently ranked among the world's wealthiest people. He was ranked as the world's wealthiest person in 2008 and as the third wealthiest in 2015. In 2012 Time named Buffett one of the world's most influential people...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth30 August 1930
CityOmaha, NE
CountryUnited States of America
A CEO's behavior has a huge impact on managers down the line.
I am a better investor because I am a businessman, and a better businessman because I am no investor.
Activity is the enemy of investment returns.
Our leaders have asked for 'shared sacrifice.' But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.
I do not like debt and do not like to invest in companies that have too much debt, particularly long-term debt. With long-term debt, increases in interest rates can drastically affect company profits and make future cash flows less predictable.
Stop trying to predict the direction of the stock market, the economy or elections.
Our favorite holding period is forever.
When people tell me they've learned from experience, I tell them the trick is to learn from other people's experience.
If you cannot control your emotions, you cannot control your money.
I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business.
Wide diversification is only required when investors do not understand what they are doing.
When it's raining gold, reach for a bucket, not a thimble.
[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.
You only have to do a very few things right in your life so long as you don't do too many things wrong.