Inspirational quotes about billionaire Warren Buffett's best life and investment

Warren Buffett is a true genius when he can simplify his complex ideas into the inspirational inspirations of time. He spends his whole life bringing his advice to all who want to listen and people have given him the nickname "The Orcale of Omaha." In the 1960s, every two years, these tips were posted in letters sent to his investors and to Berkshire Hathaway 's shareholders, the investment myths were all about every year. send letters to them. Those who have this letter pass each other and contemplate it as a precious business secret.

Below are the immortal philosophies of Warren Buffett's life and enrichment that will surely inspire you.

About investment

1. Principles to get rich: Be scared when others are greedy. Be greedy when others are scared.

2. Principle 1: Never lose money; Principle No. 2: Don't forget the principle of number 1.

3. Buy a great company at a better price than buying a moderate company at a great price.

4. You don't need to be a brilliant scientist. Investing is not a game where people with IQ 160 will beat people with IQ 130.

5. Wall Street is the only place people who go to Rolls-Royce ask for advice from people on the subway.

6. We can endeavor to lose money, even a lot of money, but we can't lose our reputation, even just a little reputation. It takes 20 years to build reputation, but only 5 minutes can destroy it.

7. If you choose to buy a stock or a company just because it is less loved, it is absolutely not smart. You need to think, not choose to harass. But unfortunately, according to philosopher Bertrand Russell, most people would rather die than think.

8. Previously, Ben Graham taught me: Price is what you pay, value is what you get. Whether it is socks or stocks, I still like to buy quality goods when it is discounted.

9. The key to investment is not to assess how large an industry will impact society or how quickly it will grow, but to determine the competitive advantage of a particular company. and most importantly, the durability of that advantage.

10. If you are not ready to own a stock for 10 years, don't think about getting it in 10 minutes. Make a portfolio of companies with increased total income over the years and that is also the market value of this portfolio.

11. Diversification is only a measure of protection for ignorance. It is less meaningful to people who know what they are doing.

12. Successful investment takes time, discipline and patience. No matter how great a talent or effort is, something just takes time: You can't have a baby in a month by having 9 women pregnant.

13. After all, you will only see who is swimming without clothes at low tide.

About life

1. In your life, you just need to do a few things right, as long as you don't do too much wrong.

2. It is better to socialize with people who are better than you. Choose partners who act better than you and you will be caught in that direction.

3. I spend a lot of time every day just sitting and thinking. This is very uncommon in US businesses. I read and think more while making less impulsive decisions than most other business people. I do it because I like life like that.

4. "Chain" habit seems mild so you do not feel uncomfortable. But it won't be light anymore when you try to remove and break it.

5. There is no need to do extraordinary things to achieve extraordinary results.

6. When you are on a punctured ship, switching to an unusual ship is more efficient than trying to patch a hole in the ship.

7. The difference between successful people and very successful people is that very successful people often say no to almost everything.

8. Invest as much as you can yourself, you are your greatest asset to this point.

9. A person is sitting under the shade because someone has been planting trees here for a long time.

10. When you're seeing yourself in a deep hole, what you need to do is stop digging it.

11. It takes 20 years to build reputation and 5 minutes to destroy it. If you think so, you will do everything differently.

Top 5 share about the billionaire Warren Buffett's best investment

1. To invest successfully, it is not imperative that you understand the beta index, effective market theory, modern portfolio theory, option pricing or emerging markets. You may even be richer without knowing these things. However, it is not a popular opinion in most business schools - where lesson plans are often flooded with the above problems. In our opinion, students only need to learn two things well: How to value a business and how to think about market prices?

2. I have pledged to you, with rating agencies and to myself that I will always run Berkshire with ample cash. We never want to rely on the kindness of strangers to meet future obligations. If I had to choose, I wouldn't trade a night's sleep to get a chance to increase my profits.

3. In the long term, the news on the stock market is good. In the 20th century, the United States experienced 2 world wars and many useless but expensive armed conflicts. The United States has also gone through a Great Depression, dozens of periods of decline, financial crisis, a few shocks on oil prices, pandemics and even the resignation of the President. But Dow Jones still increased from 66 to 11,497 points.

4. The boundary between investment and speculation is never clear, becoming more and more fuzzy when almost all market players enjoy the victory. There is nothing more plausible than the big money you can easily get. After going through this stage, normally sensitive people behave very quickly, like a cinderella rushing out of the party. They know to stop at the right time because if you continue to speculate and the company has a huge value compared to the cash flow that can be created in the future, it will only bring about mice and pumpkins. However, they did not want to miss any moment when they could still enjoy the party. They planned to leave only a few seconds before the clock rang for 12 o'clock, after having drunkenly danced in the room without the clock.

5. As an investor, simplify your goal: buy in at a reasonable price, care about easy-to-understand companies that will increase in 5, 10, 20 years. Over time, you will only find a few companies that meet this standard, so when you find a suitable company, buy a significant amount of stock. You must also stay away from temptation. If you don't want to own a stock for 10 years, don't think about owning it for 10 minutes.