Warren Buffett (2024)

FAQs

What was Warren Buffett's famous quote? ›

"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."

Warren Buffett once said, “The first rule of an investment is don't lose [money]. And the second rule of an investment is don't forget the first rule.

A: Five rules drawn from Warren Buffett's wisdom for potentially building wealth include investing for the long term, staying informed, maintaining a competitive advantage, focusing on quality, and managing risk.

“I have a dream.”

– Martin Luther King Jr.

“When something is important enough, you do it even if the odds are not in your favor.”

A 70/30 portfolio is an investment portfolio where 70% of investment capital is allocated to stocks and 30% to fixed-income securities, primarily bonds.

Buffett presented a three-step exercise to help streamline his focus. The first step was to write down his top 25 career goals. In the second step, Buffett told Flint to identify his top five goals from the list. In the final step, Flint had two lists: the top five goals (List A) and the remaining 20 (List B).

Warren Buffet's 2013 letter explains the 90/10 rule—put 90% of assets in S&P 500 index funds and the other 10% in short-term government bonds.

Indeed, the Oracle of Omaha has said that he spends "five or six hours a day" reading books and newspapers. And while it may be difficult to set aside nearly a full work day's worth of hours to read, it recently got a little bit easier to consume information like Warren Buffett.

Rule No. 1 – Never lose money

The Oracle of Omaha's advice stresses the importance of avoiding loss in your portfolio. When you have more money in your portfolio, you can make more money on it. So, a loss hurts your future earning power.

What will never lose value? ›

Things that don't depreciate in value are things that don't lose their qualities as time passes or things that actually increase in value with the passage of time. These include goodwill, luxurious items, high-quality art, gems, alcoholic beverages, and land.

When he goes down a track that doesn't make sense, he does not pay attention to anything, which is a weakness for a big business leader like him. His biggest weakness is greed. He loves money too much that it interfered with his relationship with his family for a long time.

You only have to do a very few things right in your life so long as you don't do too many things wrong. Time is the friend of the wonderful company, the enemy of the mediocre.

“Invest for the long haul. Don't get too greedy and don't get too scared.” “Waiting helps you as an investor and a lot of people just can't stand to wait. If you didn't get the deferred-gratification gene, you've got to work very hard to overcome that.”

Warren Buffett, known as the "Oracle of Omaha," is an American businessman and philanthropist, widely considered the most successful investor of the 20th century. He has amassed a personal fortune of more than $60 billion by defying prevailing investment trends.

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