In this article we are going to list the 10 Best Quotes from Warren Buffett. For a detailed coverage of this topic and a more comprehensive list please head on over to the 30 Best Quotes from Warren Buffett.
10. “Someone’s sitting in the shade today because someone planted a tree a long time ago.”
Basically, what this means is that the fruits of your labor might take a long time, and may provide benefits to others in the long run.
9. “You only have to do a very few things right in your life so long as you don’t do too many things wrong.”
This does seem like a privileged thing to say, and one which may not be applicable to everyone equally.
8. “The perfect amount to leave to your kids, he told Fortune in 1986, is “enough money so that they would feel they could do anything, but not so much that they could do nothing.”
One of the best quotes from Warren Buffet pertains to how much money the extremely rich people should leave for their children. According to the investor, the amount should be enough that they can pursue whatever they want, unburdened by the requirement to earn enough money to make basic necessities meet. However, it shouldn’t be so high that it ruins the lives of the children.
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7. “It takes 20 years to build a reputation and 5 minutes to ruin it.”
Whenever someone establishes a business, it takes an incredibly long time to build a loyal customer base and even then, you only get loyal customers after painstaking efforts. However, just one misstep is all it takes to ruin this reputation and lose customers. Hence, it is imperative for businesses to ensure that they don’t make any missteps.
6. “Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.”
The best time to buy a stock is always when it has been undervalued by the market as the potential gains are significantly higher.
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5. “The difference between successful people and really successful people is that really successful people say no to almost everything.”
To be really successful, you need to be able to possess excellent decision making skills. While saying yes can often provide new challenges and new opportunities, knowing when to say no is also incredibly important, as is knowing your self-worth.
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4. “In the business world, the rear-view mirror is always clearer than the windshield”.
It may be true for life as well. Hindsight is a wonderful thing, and you can always question your past decisions after they play out, but it is important to remember that there is always an element of risk involved in finance.
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3. “Cryptocurrencies will come to bad endings”.
Cryptocurrencies are all the age nowadays, and 2021 has been the year of the cryptocurrency for now, with Bitcoin, Ethereum and Dogecoin all registering record highs. However, Buffett is still not a fan and doesn’t believe there is any intrinsic value to cryptocurrency and hence, will fail one day.
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2. “If you’re in the luckiest 1% of humanity, you owe it to the rest of humanity to think about the other 99%.”
Buffett has pledged to donate 99% of his wealth after his death, and is known for his philanthropic endeavors.
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1. “Rule No. 1 is never lose money. Rule No. 2 is never forget Rule No. 1.”
Topping the list of the 30 best quotes from Warren Buffett, is the importance of ensuring that you never lose money.
See also: Best Warren Buffet quotes on money you need to read and 40 Best Albert Einstein Quotes on Life, Education, and God
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