Berkshire Hathaway CEO, Warren Buffett, said he was planning to resign at the end of the year. These are some of his best quotes.
Carlos Barria / Reuters
Warren Buffett said he would resign as CEO of Berkshire Hathaway.
Despite its vast wealth, Buffett is known for its folk behavior and its sense of ironic humor.
Here are 20 most legendary quotes in Buffett.
The famous investor and president of Berkshire Hathaway, Warren Buffett, 94, plans to resign at the end of this year.
The estimated net value of Buffett of 196 billion dollars makes him the richest fifth in the world, according to the Bloomberg billionaire index.
Buffett is known for many things – its rapid diet, its reading habit, its philanthropy and its style of investment focused on value.
People around the world are so fascinated by Buffett that they will spend millions of dollars just for lunch with him. Although you may not have as much money lying around, you can always learn folk wisdom.
We have gathered 20 of the best quotes from Buffett.
“ Buy only something that you would be perfectly happy to hold if the market stops for 10 years ”
The CEO of Berkshire Hathaway, Warren Buffett, benefits from a treat of Dairy Queen ice cream before an annual meeting in Omaha, Nebraska.
Reuters / Rick Wilking
Source: Forbes
‘Do not look at the market up
Wall Street investors on the New York Stock Exchange.
Reuters / Brendan McDermid
“Do not look at the market closely,” said Buffett in a wild blow of volatility on the market in 2016.
He continued: “If they try to buy and sell shares, and worry when they go down a little … and think they should sell them when they go up, they will not have very good results.”
Source: CNBC
“A dinner of $ 5 is, in many cases, better than a dinner of $ 100.”
Buffett made gestures at the start of a 5 -kilometer race.
Reuters / Rick Wilking
Buffett told Forbes that he knew he would earn money because he had learned investment strategies that would work.
“My wife and I decided so we were going to enjoy life,” said Buffett. “We were going to have everything we would use or need, but incidentally, I think that a $ 5 dinner is, in many cases, better than a dinner of $.”
Source: Forbes
“ Someone is sitting in the shade today because someone planted a tree a long time ago ”
Buffett walks in the shade at the Allen & Company Sun Valley conference in Sun Valley, Idaho.
Associated Press
Source: Forbes
‘I read and think’
Buffett encourages practices such as yoga, meditation and journalization to get in touch with yourself.
Reuters / Shannon Stapleton
“I insist that a lot of time has spent, almost every day, to sit and think,” he said.
He continued: “It is very rare in American affairs. I read and think. So I make more reading and thought, and to make fewer impulsive decisions than most people in business. I do it because I like this kind of life.”
Source: Time Magazine
“The risk has just not known what you do”
Buffett tip for investors worried about the risk: know what you are committed to.
Reuters
Source: Forbes
“ You only have to do very little in your life as long as you do not do too many things bad ”
Buffett adjusts her glasses.
AP
Source: CNBC
Buffett said that he would give enough money to his children so that they can feel that they could do anything, but not so much that they could do nothing ‘
The children of Buffett, Howard, Susan and Peter.
Nati Harnik / AP images
The perfect amount to leave your children, he said Fortune in 1986, is “enough money to feel that they can do anything, but not so much that they could do nothing”.
Source: Fortune
“ Light can go from green to red at any time without stopping yellow ”
Buffett has warned that investment environments can change quickly and be good opportunities for those who are ready to take advantage of it.
Flickr / Horia Varlan
“When major declines occur, they offer extraordinary opportunities to those who are not disabled by debt,” Buffett wrote in a letter to the shareholders of Berkshire Hathaway in 2017, highlighting the argument against money to buy actions.
He continued: “No one can tell you when they occur. Light can go from green to red at any time without stopping yellow.”
Source: Letter to the shareholders of Berkshire Hathaway
“ It takes 20 years to build a reputation and 5 minutes to ruin it ”
Buffett of Berkshire Hathaway speaks to media members at the annual meeting of shareholders of Berkshire Hathaway in Omaha, Nebraska.
Eric Frances / Getty Images
Source: Forbes
“ You can’t get a good deal with a bad person ”
Buffett in South Korea in 2007.
Reuters / Jo Yong-Hak
“You can’t get a good deal with a bad person,” Buffett told Suzy Welch, a success author and CNBC contributor.
Welch told CNBC that it was Buffett who had given him career advice that helped her more than any other than she received.
Source: CNBC
“ Whether we are talking about socks or stocks, I like to buy quality goods when marked ”
Buffett likes his investments as if he likes his socks: cheap.
Getty Image
Source: Forbes
Invest only in “simple companies” that you understand
Buffett in the 2015 annual meeting of Berkshire Hathaway in Omaha, Nebraska.
Reuters / Rick Wilking
In his 2014 letter to the shareholders, Buffett exhibited six criteria which he applied to measure the fundamentals of a company. A criterion is that he only invests in “simple companies”.
“If there is a lot of technology, we don’t understand it,” he said
Source: Letter to the shareholders of Berkshire Hathaway
“ Actions (have) been so much more attractive than obligations ”
Merchants at the pit of the New York Mercantile Stock Exchange in 2007.
Mario Tama / Getty Images
“The only thing I am sure of is that over time, the stocks of this level will beat the obligations of this level,” Buffett at the “Squawk Box” told CNBC in 2017. “The shares (have) been so much more attractive than the obligations for a long time.”
Source: CNBC
“Rule n ° 1: Never lose money. Rule n ° 2: Do not forget the rule n ° 1 ‘
Bill Pugliano / Getty
Source: Forbes
“ The difference between successful people and people who succeed, is that people who really succeed say no to almost everything ”
Jason Reed / Reuters
Source: CNBC
“ It is better to spend time with people better than you ”
Buffett reminded us all that we are as good as our worst friend.
Bill Gates / YouTube
“It is better to spend time with people better than you,” said Buffett. “Choose partners whose behavior is better than yours and you will derive in this direction.”
Buffett and Bill Gates once had a narrow friendship.
Source: Forbes
“ Cryptocurrencies will arrive at bad endings ”
A man wears a t-shirt with a bitcoin logo at a conference in New York in 2018.
Reuters / Mike Segar
“Cryptocurrencies will arrive at a bad end,” said Buffett at the annual meeting of Berkshire Hathaway in 2018. “There is nothing product in value.”
He continued: “This is something where people who are less than stellar characters see the opportunity to cut people who were trying to become rich because their neighbor becomes rich by buying this kind of thing that one of them does not understand.”
Source: Fortune
“The price is what you pay. The value is what you get ‘
Buffett speaks on stage at the most powerful women’s summit in Washington, DC in 2015.
Images Paul Morigi / Getty
Source: Forbes
“ You do not find out who swims naked until the tide turns out ”
Buffett used an analogy on the beach to help investors understand their insurance activity in 1994.
Getty Image
Buffett told investors at a 1994 business meeting that “People discovered – who speculated on links with lower margins recently – that you do not find out who swims naked before the tide. “”
“Essentially, this is what happens in reinsurance, you do not discover who swimming naked until the wind blows,” he said.
