The Best Warren Buffett Quotes
Warren Buffet is a great inspiration, both for investors and people looking for amazing tips on how to succeed in life. Warren Buffet is now a wealthy man who gives great insights into the investment field and appears in all world’s top richest men lists. However, Buffet wasn’t always rich and successful and he has had his fair share of struggle. He managed to achieve all this success as he lived by a set of well-defined values and had that desire to fulfill his dreams and ambitions.
Here we have some of the best quotes from Warren Buffet, both on investing money and making your life successful. So, you can get your dose of daily inspiration here and start working on your dream.
“Price is what you pay. Value is what you get.”
A saying that goes beyond investing – in life you have to differentiate the price and value to get ahead. This is equally true for your career and personal life. What Warren Buffet tries to say within this quote is that you should focus on the value you get from your investment rather than the short-term spikes in the price. A great piece of advice that could help you a lot in your investment career. Take it from a man that made millions on big companies like General Motors, Mastercard or Apple.
“Risk comes from not knowing what you are doing.”
This is another quote that applies both to business and personal life. Warren Buffet’s mantra is to never invest in a business you cannot understand as it can blow in your face. A very valuable advice in the investment world – you should take it seriously even if you already have some success stories to share. For instance, Buffet doesn’t invest in the technology field as he has little knowledge of it and, therefore, represents a high risk for him.
“Honesty is a very expensive gift. Don’t expect it from cheap people.”
This life advice can spare you from many disappointments in the future. Always true, this is a saying to live by both in business and at home. Make sure that you remember to always value honesty above financial gains. Trusting people is a beautiful thing, but you should make sure people deserve your trust. Buffet only works with people he knows and trusts and any investor should do the same thing. Your team and collaborators are your most valuable assets in a business.
“In the world of business, the people who are the most successful are those who are doing what they love.”
A quote that perfectly sums up the dream career, this is pure inspiration for anyone who is not only looking for success and wealth but for inner fulfillment and the joy of doing something with passion. Warren Buffet sums the essence of business success in this quote: love your job. Don’t invest just to get rich, feel the high of investing, calculate the steps, find joy in doing daily tasks. Passion is at the core of business and should be at the core of your career as well.
“If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.”
Investing is serious business and should be handled wisely. Putting your money down for a certain stock should be done with thorough research – don’t just invest in something because its popular, but do it if you believe in that stock and in that company. Invest long-term and do it with confidence. Warren Buffet thinks that this business is about assuming minimum risks to generate profit in the long run. The investor thinks it’s healthier to stay away from easy gains if you want to increase your wealth and become successful in this field.
“The most important investment you can make is in yourself.”
One of the best quotes by Warren Buffet, it encourages people to invest in their own personal development and grow the person inside. Neglecting yourself, your education, and your knowledge will only stop you from being successful and wealthy. It’s ok to be calculated with investment risks, but when you understand that the most important asset you have is yourself, you will start to improve your skills and education by investing in courses, seminars, conferences, books, events, etc. As long as you are developing, you are on the right track.
“No matter how great the talent or efforts, some things take time. You can’t produce a baby in one month by getting nine women pregnant.”
As you can see, Warren Buffet has some incredibly insightful and smart life quotes that can help you get ahead of life and understand the business and investment world better. He thinks that no matter how talented and good you are at what you do, certain things will unfold in their own time frame. Patience is a great virtue to have as an investor and also knowing when to let go and when to push further. Let this quote become your inspiration when you feel like your plans won’t work out.
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”
With incredible experience when it comes to the business world, Warren Buffet is on point when he says you should be very careful with words and actions. Reputation is very important in the business world and people work every day to build it and improve. Don’t let a short temper or a stressful situation make you act impulsively. Take a deep breath, a step back and remember this saying by Warren Buffet. Keep your reputation clear.
“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.”
In the end, the people around you remain a very important factor. When surrounded by smart, innovative people you will be encouraged to get ahead and do more. The opposite is as true – if you surround yourself with lazy people that have no purpose in life, you will find it difficult to stay motivated and get ahead. Look for people that are better than you and let them inspire you.