Wise Investment Sayings by Warren Buffett 1
Here are some wise investment sayings by billionaire Warren Buffett, the Chairman of Berkshire Hathaway and the so-called Sage of Omaha. He is currently the best in value investment in the world and operates according to an investment paradigm taught to him by Benjamin Graham. At the same time, this very humble man has a lot of home-spun wisdom and ideas that make him sound very old-fashioned and down-to-earth.
Here are some of my favourites:
Quotes and quips from Warren Buffett:
A public opinion poll is no substitute for thought.
The chains of habit are too light to be felt until they are too heavy to be broken.
I don't look to jump over 7-foot bars; I look around for 1-foot bars that I can step over.
Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years. (The idea of buying and holding)
Our favorite holding period is forever. (There, proof!)
If a business does well, the stock eventually follows. (Value investing, and fundamental analysis)
If past history was all there was to the game, the richest people would be librarians. (It's more than analysing the history of the company)
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
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.
Price is what you pay. Value is what you get.
(I think this is one of the keys to his sayings)
Ideas on how to become rich - Warren Buffett is my hero :)
