35 Quotes From Warren Buffett On Success And Finance

Warren Buffett top billionaire for 2008.

Warren Buffett, 72 year old, self made billionaire with a net worth of over $62.0 billion and climbing, was announced by Forbes as the richest man in the world for 2008. The king of investments, Warren Buffett is the principle shareholder of Berkshire Hathaway, a textile firm he took over in 1965.

What does Warren Buffett have to say?

  • "Risk is a part of God's game, alike for men and nations."
  • "If past history was all there was to the game, the richest people would be librarians."

  • "Diversification is a protection against ignorance. It makes little sense for those who know what they're doing."

  • "Investing is simple, but not easy."

  • "Rule No.1: Never lose money. Rule No.2: Never forget rule No.1."

  • "In the business world, the rearview mirror is always clearer than the windshield."

  • "Risk comes from not knowing what you're doing."

  • "Our favorite holding period is forever."

  • "Someone's sitting in the shade today because someone planted a tree a long time ago."

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

Warren Speaking at a Berkshire Hathaway board meeting
Warren Speaking at a Berkshire Hathaway board meeting
  • "Success in investing doesn't correlate with I.Q. once you're above the level of 25. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing."
  • "We simply attempt to be fearful when others are greedy, and to be greedy only when others are fearful."

  • "Wide diversification is only required when investors do not understand what they are doing."

  • "I buy expensive suits. They just look cheap on me."

  • "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."

Warren and Bill just chillin'
Warren and Bill just chillin'
  • "I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over."

  • "If a business does well, the stock eventually follows."

  • "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."

  • "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."

  • "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."

  • "Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years."

  • "Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks."

  • "Time is the friend of the wonderful company, the enemy of the mediocre."

  • "We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'"

  • "When a management team with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact."

  • "We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."

  • "Why not invest your assets in the companies you really like? As Mae West said, 'Too much of a good thing can be wonderful'."

  • "Your premium brand had better be delivering something special, or it's not going to get the business."

  • "You only have to do a very few things right in your life so long as you don't do too many things wrong."

  • "Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it."

  • "I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here."

  • "The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective."

  • "When a management team with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact."

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Comments 26 comments

Mormon Soprano 8 years ago

Very cool! One of my personal favorites was:

"You only have to do a very few things right in your life so long as you don't do too many things wrong."

So fitting, on so many levels


robie2 profile image

robie2 8 years ago from Central New Jersey

I love Warren Buffet--he may be rich but he has his priorities on straight:-) This was good reading for the day of the Wall Street melt-down. Thanks


solarshingles profile image

solarshingles 8 years ago from london

Diana, I really like Warren Buffet - known to the world also as the "The Sage from Omaha", especially because despite his incredible wealth he is a very simple man! A few years ago I had a great luck to get opportunity to study his personal life much closer and deeper. I would be delighted to share that knowledge with you and maybe, you could write many more hubs about his financial phenomenon, which is amazingly simple in its very core. Your bubbly and positive creativity and writing skills are far greater than mine and I also think most people could learn so much from his amazing yet simple life message.


pjdscott profile image

pjdscott 8 years ago from Durham, UK

Very apposite advice and a super hub, considering the present financial climate! Well done.


Amanda Severn profile image

Amanda Severn 8 years ago from UK

What down to earth, practical quotes. I can see why he's made such a success of his life. Thanks for the interesting hub


funride profile image

funride 8 years ago from Portugal

Great hub! If I had to choose just one quote it would be very difficult for me, they are all good and instructive thoughts. Thanks for sharing ;)


Uninvited Writer profile image

Uninvited Writer 8 years ago from Kitchener, Ontario

He is one of the big business tycoons that I actually trust. Excellent hub.


In The Doghouse profile image

In The Doghouse 8 years ago from California Author

Mormon soprano,

Warren Buffett certainly does things right on a lot of levels as well. His advice seems to be practical and sound. Perhaps more of us should follow it. lol


In The Doghouse profile image

In The Doghouse 8 years ago from California Author

Robie,

I too thought it was very appropriate right now! His tips on finance can be used by people of any economic level. Thanks.


In The Doghouse profile image

In The Doghouse 8 years ago from California Author

Solarshingles,

I can tell you really admire Warren Buffett and for good reasons. Yes, he does seem to be a simple man with a lot of common sense. His financial tips are very sound. I can tell he is not afraid of hard work, and it has paid off in the end for him financially.


In The Doghouse profile image

In The Doghouse 8 years ago from California Author

@pjdscott- Thanks for your compliments... Warren Buffetts advice does seem very timely right now doesn't it.

@Amanda- His financial life is certainly successful that is for sure. He has some great practical advice for anyone to follow.


In The Doghouse profile image

In The Doghouse 8 years ago from California Author

@funride- I am with you, Warren Buffett has said so many insightful things it was hard to even limit it to these few.

@Uninvited Writer- Thanks for your compliments on the Hub. As for Warren Buffet his tips seem to be trustworthy as well.


The How To Hub profile image

The How To Hub 8 years ago from Australia

What a wonderful idea for a hubpage. I enjoyed reading this : ) If I had to pick just one quote, I think I'd go with..."Someone's sitting in the shade today because someone planted a tree a long time ago."


Teddi14 profile image

Teddi14 8 years ago from Southwestern Michigan

Love this! I added it to my Stumbleupon favs and wrote a review.


In The Doghouse profile image

In The Doghouse 8 years ago from California Author

@ Shaye I would have to agree that is one of my Warren Buffett favorites as well.

@Teddi14 Thanks for the support and review.


Credit Card Offers 7 years ago

Here is another favorite Warren Buffett quotation. He is a man of high integrity.

Two rules:1. Preserve the principal2. When in doubt see Rule #1”


Tori  6 years ago

Warren Buffett is an amazing man, I work for him at one of the companies that he owns. He talks to every person like they are his friend from down the road. He actually asks if you like your job, if there is anything that you would like to change to make it better. When we hit a huge goal he actually came and served us Dairy queen ice cream dilly bars (he also owns dairy queen!) He actually thanks you for your work, looks you straight in the eye. HE always takes care of the employees, if you have to opportunity to work for one of his companies DO IT!!!!!!!! I love my job, the company, benefits, and best of all the guy who signs my check makes me super proud!!!


scheng1 6 years ago

He does refer to children's stories a lot. I wonder whether he ever read anything else beside annual report and children's stories.


geraldinegerongay profile image

geraldinegerongay 6 years ago from Los Angeles, CA

Wow! It feels so good to read all these inspiring words from one of the most successful people in the world. Reading this topic and the comments about Warren Buffet gave me an idea of who he is as a person. Some comments are saying he is a nice and humble guy.

I read in an article a few months ago that his son chose to live a simple life pursuing his dream as a musician living alone in a studio apartment. I admired him for that. I never thought that his father is as good hearted as he is.


BENEDICT DIYAMETT 5 years ago

Warren you have just motivated me to start my business and invest..:)


helen santos 5 years ago

I appreciated warren buffet so much.


iswor 4 years ago

m really glad to read fav person quotes.its motivate me :-) but what to look for startin' business. Thank u so much !!!


Zim 4 years ago

May God continue 2 raise &grow ppl lyk ths!


theking2020 4 years ago

If you risk you win if you don't risk you already lost. Great article.


bhavana 4 years ago

warren you are my biggest idol of buisness


DR. ARTFREDO C. ABELLA, PH.D. 4 years ago

I IDOLIZE WARREN BUFFET, HE WALKS HIS TALKS. A MAN IS IDOLIZED NOT FOR WHAT HE SAYS AND DOES BUT FOR WHAT HE HAS ACHIEVED IN LIFE - THAT HIS BEING A BILLIONAIRE. WHAT FASCINATES ME MOST IS THAT DESPITE THE PORTFOLIOS THAT HE HAS ACQUIRED, HE LIVES A SIMPLE LIFE.

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