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Famous Quotes | Warren Buffett Quotes

Updated on August 7, 2012

Famous Quotes | Warren Buffett Quotes

For some reason we always seem interested in what famous people have to say. We read their quotes in interview articles, listen to them on reality TV, and monitor what they are up to on Facebook and Twitter. Maybe it’s because they’re successful and have exciting careers and lives, or maybe it’s just because we are bored with our own lives. Personally I’ve never understood why people care what Paris Hilton is eating for breakfast or what color her newest dress is, but that’s beside the point. If your going to waste your time wondering what celebrities are doing, at least follow one that can offer you some real advice...

Warren Buffett is one famous person actually worth paying attention too. Following his advice can lead you to increased wealth and a sound financial future. Warren Buffet is an advocate of the buy and hold approach and is often regarded as the most successful investor of all time, having amassed a net worth of over $45 billion. In fact, in 2010 Forbes ranked the “Oracle of Omaha” third on the list of the world’s richest people. When it comes to investing in the stock market, Mr.Buffet knows a thing or two, after all, he has made money in the market hand over fist for decades. Whether your a seasoned investor or just getting started, Warren Buffett has plenty of knowledge that can help you become a better investor and increase your wealth, for that reason alone, when Buffett has something to say, you better be paying attention. Here are some great Warren Buffet quotes:

Warren Buffett

Warren Buffett Quotes

  • “Rule Number One: Never lose money.Rule Number Two: Never forget rule Number One.”
  • "My favorite holding period is forever"

  • “The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It's optimism that is the enemy of the rational buyer.”
  • “It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”
  • "If a business does well, the stock eventually follows.”
  • “In the business world, the rear-view mirror is always clearer than the windshield.”
  • “Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.”
  • “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
  • “Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.”
  • “I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.”
  • “For some reason, people take their cues from price action rather than from values. What doesn't work is when you start doing things that you don't understand or because they worked last week for somebody else. The dumbest reason in the world to buy a stock is because it's going up.”
  • “I always knew I was going to be rich. I don't think I ever doubted it for a minute.”
  • "It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently."
  • "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."
  • “There seems to be some perverse human characteristic that likes to make easy things difficult.”
  • “Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.”
  • "Money will always flow toward opportunity, and there is an abundance of that in America The media talk about uncertainty today like it's something new. It isn't. Only our perception of it is. Think back, for example, to December 6, 1941, October 18, 1987 and September 10, 2001. No matter how serene today may be, tomorrow is always uncertain. ... Now, as in 1776, 1861, 1932 and 1941, America's best days lie ahead."

Warren Buffet Quotes Analysis

The most basic theme of these Warren Buffett quotes is that one should purchase stocks in times when others are worried and selling. For example, during the recent economic recession most investors were scared to purchase equities for fear of total economic collapse and loss of their investment. However, smart investors, including Warren Buffet, were buying stocks during the economic meltdown and have generated a hefty profit as the market as roared back. Had you been following the movements of Warren Buffett, instead of the Jersey Shore cast members, you also could have dramatically increased your wealth!

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    • vinayak1000 profile image

      vinayak1000 5 years ago from Minneapolis

      Always such a big inspiration and definitely enjoyed his timeless quotes.

    • Enni82 profile image

      Enni82 5 years ago from Rochester MN

      Buffett is definitely an interesting character and a brilliant investor!

    • monicamelendez profile image

      monicamelendez 5 years ago from Salt Lake City

      Warren Buffet is so awesome. I love his perspective on things.

    • alanlsg profile image

      Alan Bowman 5 years ago from The World

      Such a good read and such sage advice in the quotes.

      Thanks for this Hub



    • Enni82 profile image

      Enni82 6 years ago from Rochester MN

      Thanks AllSuretyBonds! I like that quote as well.

      Thank you for the vote!

    • AllSuretyBonds profile image

      AllSuretyBonds 6 years ago

      Great article. I really like this quote out of all of them.

      “In the business world, the rear-view mirror is always clearer than the windshield.”

      Voting you up!

    • Enni82 profile image

      Enni82 6 years ago from Rochester MN

      Glad you enjoy it!

    • mecheshier profile image

      mecheshier 6 years ago

      Great article... My favorite: "Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.”. To Funny. Thank you for the wonderful Hub