Warren Edward Buffett who was born on August 30, 1930 is an American business magnate, investor and philanthropist. They are widely considered to be the most successful investor of the 20th century. Buffett is the primary shareholder of Berkshire Hathaway, president and CEO and is constantly in place among the richest people in the world. He was ranked as the world’s richest person in 2008 and the third richest person in 2011. In 2012, American magazine Time described Buffett as one of the world’s most influential people.
Buffett is known as “Omaha’s Magician”, “Oracle of Omaha”, or “Omaha’s Rishi”, and despite her huge wealth, she is famous for her value investment philosophy and for her personal frugality. Buffett is also a remarkable philanthropist, who has promised 99 percent of his fortune for philanthropy, primarily through the Gates Foundation. He was diagnosed with prostate cancer on April 11, 2012 and the treatment for which he completed in September 2012.
Buffett’s speeches are known to mix business discussions with humor. Every year, Buffett presides over Berkshire Hathaway’s annual shareholder meeting at the center of the center at Omaha, Nebraska, which attracts more than 20,000 visitors from both the United States and abroad, giving it the nickname “Woodstock of Capitalism” .
Berkshire’s annual report prepared by Buffett and letters to shareholders often receive coverage through financial media. Buffett’s writings include quotes from sources between the Bible and Mae West, as well as advice in a Midwestern folk style and many jokes.
Here are Warren Buffets quotes on success , life , business and love.
Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
If past history was all there was to the game, the richest people would be librarians.
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.
Never invest in a business you can’t understand.
I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.
Time is the friend of the wonderful company, the enemy of the mediocre.
Chains of habit are too light to be felt until they are too heavy to be broken.
The only value of stock forecasters is to make fortune tellers look good.
Wall Street is the only place that people drive to in a Rolls Royce to take advice from people who ride the subway.
Diversification is protection against ignorance. It makes little sense if you know what you are doing.
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
The fact that people will be full of greed, fear or folly is predictable.The sequence is not predictable.
When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is usually the reputation of the business that remains intact.
Someone’s sitting in the shade today because someone planted a tree a long time ago.
I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.
If a business does well, the stock eventually follows.
Price is what you pay. Value is what you get.
Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.
Without passion, you don’t have energy. Without energy, you have nothing.
It takes 20 years to build a reputation and five minuted to ruin it. If you think about that you’ll do things differently.
You never know who’s swimming naked until the tide goes out.
I like to go for cinches. I like to shoot fish in a barrel. But I like to do it after the water has run out.
In the business world, the rearview mirror is always clearer than the windshield.
Honesty is a very expensive gift, Don’t expect it from cheap people.
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.
The investor of today does not profit from yesterday’s growth.
There seems to be some perverse human characteristic that likes to make easy things difficult.
You can’t produce a baby in one month by getting nine women pregnant.
When you combine ignorance and leverage, you get some pretty interesting results.
Never ask a barber if you need a haircut.