This article contains 107 Warren Buffett quotes to teach you to build wealth and become a better investor.
Warren Buffett is arguably the greatest investor of all time.
He has amassed a net worth of over $60 billion from his investing skill.
I have grown as an investor from reading and writing this article. Warren Buffett’s words of wisdom crystalize decades of investment knowledge from the best in the business.
Out of the 107 quotes in this article, 1 sums up Buffett’s investment philosophy succinctly. This quote is below:
“We select such investments on a long-term basis, weighing the same factors as would be involved in the purchase of 100% of an operating business:
(1) favorable long-term economic characteristics;
(2) competent and honest management;
(3) purchase price attractive when measured against the yardstick of value to a private owner; and
(4) an industry with which we are familiar and whose long-term business characteristics we feel competent to judge.”
That’s it. That’s the basic ‘secret formula’ to Warren Buffett’s $60 billion fortune.
There is much more detail to Warren Buffett’s investment philosophy than the quote above provides. The 106 remaining Warren Buffett quotes in this article paint a clearer picture of Buffett’s thinking.
The article is organized by category. The Buffett quote categories are listed below. Click on a section to read it immediately, or read the whole article in order:
– Great Businesses & Competitive Advantages
– Personal Finance & Life Tips
– Bull Markets & Crowd Thinking
11 Long-Term Investing Quotes from Warren Buffett
Warren Buffett is a long-term investor. Three of his longest holdings are shown below:
– American Express Company (NYSE:AXP): 1st purchase in 1964
– The Coca-Cola Co (NYSE:KO): 1st purchase in 1988
– Wells Fargo & Co (NYSE:WFC): 1st purchase in 1989
“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.”
This quote shows Warren Buffett thinks in investing time frames of at least 5 years. But his holding period is preferably much longer…
“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”
&
“If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes”
These quotes shows that a 10 year holing period is really what you should look for when examining stocks to buy.
Even 10 years is too short a time period for outstanding businesses.
“When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.”
&
“Time is the friend of the wonderful company, the enemy of the mediocre.”
