In this piece, we will take a look at Warren Buffett’s ten best quotes about business, investing, and life. If you want to look at our humble analysis of Warren Buffett’s sayings over the years, then read Warren Buffett’s 35 Best Quotes About Business, Investing, and Life.
10. “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that you’ll do things differently.”
Insider Monkey’s Score: 4
If you read our introduction to this piece in its entirety, then you’ll know how this integrity is absolutely central not only to Mr. Buffett’s life quotes but also to his business and investment career.
9. “The difference between successful people and really successful people is that really successful people say no to almost everything.”
Insider Monkey’s Score: 4
Time is the only true currency we have, according to Elon Musk. And just like dollars, most people are more likely to be better off in the future if they say no to most opportunities that seek their time.
8. “Risk comes from not knowing what you’re doing”
Insider Monkey’s Score: 4
One could very well argue that this is the biggest risk of them all. After all, a blind man who unknowingly stands at the edge of a cliff is unlikely to know how deep the water in front of him is were he to dive as opposed to someone who has studied the ocean for ages.
7. “Someone’s sitting in the shade today because someone planted a tree a long time ago.”
Insider Monkey’s Score: 4
This holds true for Warren Buffett’s investment portfolio as well. His trees are his investments in firms such as American Express and Coca Cola, and they’ve provided his investors with a nice shade even during the most tumultuous of times such as those we’ve recently witnessed.
6. “I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.”
Insider Monkey’s Score: 4
And it appears that all this thinking can really make someone one of the richest people in the world.
5. “The most important thing to do if you find yourself in a hole is to stop digging.”
Insider Monkey’s Score: 5
Knowing when to stop is just as important as knowing when to start.
4. “Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.”
Insider Monkey’s Score: 6
Words to live by if we’re being honest.
3. “I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.”
Insider Monkey’s Score: 7
Would you classify the current stock market environment as being greedy or fearful? Or greedy about AI and fearful about interest rates?
2. “You never know who’s swimming naked until the tide goes out.”
Insider Monkey’s Score: 7
Applicable both figuratively and literally.
1. “Price is what you pay. Value is what you get.”
Insider Monkey’s Score: 7
A $1,000 iPhone and $1,000 worth of batteries, displays, and processors are technically the same thing. But only one can save your life out of the box.
Disclosure: None. You can also take a look at 12 Best Artificial Intelligence (AI) Stocks To Buy According to Analysts and 20 Best Weed Strains to Try in 2024.
