American business magnate, investor, and philanthropist – Warren Edward Buffett is an inspiration for the youth and is admired by millions. Buffet is considered one of the most successful investors in the world.
Below are some of his famous quotes:
- Price is what you pay. Value is what you get.
- Beware the investment activity that produces applause; the great moves are usually greeted by yawns.
- For the investor, a too-high purchase price for the stock of an excellent company can undo the effects of a subsequent decade of favourable business developments.
- If returns are going to be 7 or 8 percent and you’re paying 1 percent for fees, that makes an enormous difference in how much money you’re going to have in retirement.
- Never invest in a business you cannot understand.
- The key to investing is not assessing how much an industry is going to affect society or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.
- Time is the friend of the wonderful company, the enemy of the mediocre.
- It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
- For the investor, a too-high purchase price for the stock of an excellent company can undo the effects of a subsequent decade of favourable business developments.
- Successful investing takes time, discipline, and patience. No matter how great the talent or effort, some things just take time: You can’t produce a baby in one month by getting nine women pregnant.
- All there is to invest is picking good stocks at good times and staying with them as long as they remain good companies.
- It is a terrible mistake for investors with long-term horizons — among them pension funds, college endowments, and savings-minded individuals — to measure their investment ‘risk’ by their portfolio’s ratio of bonds to stocks.