Warren Buffet is the business magnate, investor, and philanthropist from America. Born in Omaha, Buffett is considered by some to be one of the most successful investors in the world and as of August 2017 is the second wealthiest person in the United States, and the fourth wealthiest in the world, with a total net worth of $86.3 billion.
Buffett is a notable philanthropist, having pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Bill & Melinda Gates Foundation. In 2009, with Bill Gates and Mark Zuckerberg, Warren founded The Giving Pledge, whereby billionaires pledge to give away at least half of their fortunes.
In 1956, Buffet created the firm Buffett Partnership Ltd. In Omaha, his hometown. He was successful in becoming a millionaire. In spite of the success Buffett found in Buffett Partnership, he dissolved the firm in 1969 to focus on Berkshire Hathaway’s development. Berkshire Hathaway previously focused on textile manufacturing, but he phased that department out and instead bought assets like The Washington Post, GEICO, and Exxon.
He was diagnosed with prostate cancer in 2012, Buffett underwent treatment successfully and continues to rank near the top of the Forbes world billionaires list, due to his consistent buying and selling of companies.
Interesting Facts About Warren Buffet
- Known as the “Oracle of Omaha,” Buffett is one of the most successful investors of all time.
- He runs Berkshire Hathaway, which owns more than 60 companies, including insurer Geico, battery maker Duracell and restaurant chain Dairy Queen.
- The son of a U.S. congressman, he first bought stock at age 11 and first filed taxes at age 13.
- He has committed to giving more than 99% of his fortune to charity. So far he has given nearly $32 billion.
- With friend Bill Gates he launched The Giving Pledge in 2010, asking billionaires to donate half their wealth to charitable causes.
Today In this blog Post we will talk about top 50 inspiring quotes by Warren Buffet.
#1 Someone is sitting in the shade today because someone planted a tree a long time ago.
#2 Risk comes from not knowing what you’re doing.
#3 Predicting rain doesn’t count. Building arks does.
#4 Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
#5 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.
#6 The first rule is not to lose. The second rule is not to forget the first rule.
#7 IN THE BUSINESS WORLD, THE REARVIEW MIRROR IS ALWAYS CLEARER THAN THE WINDSHIELD.
#8 It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
#9 I think that both parties should declare the debt limit as a political weapon of mass destruction which can’t be used. I mean, it is silly to have a country that has 237 years building up its reputation and then have people threaten to tear it down because they’re not getting some other matter.
#10 The rich are always going to say that, you know, just give us more money and we’ll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.
#11 Only when the tide goes out do you discover who’s been swimming naked.
#12 The only way to get love is to be lovable. It’s very irritating if you have a lot of money. You’d like to think you could write a check: ‘I’ll buy a million dollars’ worth of love.’ But it doesn’t work that way. The more you give love away, the more you get.
#13 Price is what you pay. Value is what you get.
#14 I would say the most satisfying thing actually is watching my three children each pick up on their own interests and work many more hours per week than most people that have jobs at trying to intelligently give away that money in fields that they particularly care about.
#15 Chains of habit are too light to be felt until they are too heavy to be broken.
#16 When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
#17 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.
#18 HERE SEEMS TO BE SOME PERVERSE HUMAN CHARACTERISTIC THAT LIKES TO MAKE EASY THINGS DIFFICULT.
#19 I sent one e-mail in my life. I sent it to Jeff Raikes at Microsoft, and it ended up in court in Minneapolis, so I am one for one.
#20 You know, people talk about this being an uncertain time. You know, all time is uncertain. I mean, it was uncertain back in – in 2007, we just didn’t know it was uncertain. It was – uncertain on September 10th, 2001. It was uncertain on October 18th, 1987, you just didn’t know it.
#21 Somebody once said that in looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if you don’t have the first, the other two will kill you. You think about it; it’s true. If you hire somebody without [integrity], you really want them to be dumb and lazy.
#22 Honesty is a very expensive gift, Don’t expect it from cheap people.
#23 Someone’s sitting in the shade today because someone planted a tree a long time ago.
#24 If you’re in the luckiest one per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.
#25 THE MOST IMPORTANT THING TO DO IF YOU FIND YOURSELF IN A HOLE IS TO STOP DIGGING.
#26 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.
#27 Risk comes from not knowing what you’re doing
#28 There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.
#29 There comes a time when you ought to start doing what you want. Take a job that you love. You will jump out of bed in the morning. I think you are out of your mind if you keep taking jobs that you don’t like because you think it will look good on your resume. Isn’t that a little like saving up sex for your old age?
#30 It takes 20 years to build a reputation and five minuted to ruin it. If you think about that you’ll do things differently.
#31 No matter how great the talent or efforts, some things just take time.
#32 Rule No. 1 : Never lose money. Rule No. 2 : Never forget Rule No. 1.
#33 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.
#34 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.
#35 You never know who’s swimming naked until the tide goes out.
#36 You can’t produce a baby in one month by getting nine women pregnant.
#37 You only have to do a very few things right in your life so long as you don’t do too many things wrong.
#38 I always knew I was going to be rich. I don’t think I ever doubted it for a minute.
#39 What an investor needs is the ability to correctly evaluate selected businesses. Note that word “selected”: you don’t have to be an expert on every company, or even many. You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important; knowing its boundaries, however, is vital
#40 THE DIFFERENCE BETWEEN SUCCESSFUL PEOPLE AND REALLY SUCCESSFUL PEOPLE IS THAT REALLY SUCCESSFUL PEOPLE SAY NO TO ALMOST EVERYTHING.
#41 I tell college students, when you get to be my age you will be successful if the people who you hope to have love you, do love you.
#42 I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.
#43 It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
#44 I am a better investor because I am a businessman, and a better businessman because I am an investor.
#45 If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio’s market value.
#46 Diversification is a protection against ignorance. It makes very little sense for those who know what they’re doing.
#47 Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble
#48 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.
#49 It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.
#50 You do things when the opportunities come along. I’ve had periods in my life when I’ve had a bundle of ideas come along, and I’ve had long dry spells. If I get an idea next week, I’ll do something. If not, I won’t do a damn thing.