15 Life Lessons From Warren Buffett

 

“Two super-contagious diseases, fear and greed, will forever occur in the investment community. The timing of these epidemics will be unpredictable. … We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”

“Chains of habits are too light to be felt until they are too heavy to be broken.”

“You shouldn’t own common stocks if a 50% decrease in their value in a short period of time would cause you acute distress.”

“Rule No.1 is never lose money. Rule No.2 is never forget Rule No. 1.”

“You only have to do a very few things right in your life so long as you don’t do too many things wrong.”

 “Lose money and I will forgive you, but lose even a shred of reputation and I will be ruthless. “

“Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.”

investing

“Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well.”

“You don’t need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.”

“Never invest in a business you cannot understand.”

 “We will not trade reputation for money.”

“Do not save what is left after spending, but spend what is left after saving.”

“No matter how great the talent or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant.”

“Risk comes from not knowing what you’re doing.”

“Only when the tide goes out do you discover who’s been swimming naked.”

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