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25 Inspiring Quotes by Mr. Warren Buffett

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Warren Edward Buffett is an American business magnate, investor, and philanthropist. He is widely regarded as one of the most successful investors in the world. Often introduced as "legendary investor, Warren Buffett", he is the primary shareholder, chairman and CEO of Berkshire Hathaway. He is consistently ranked among the world's wealthiest people. He was ranked as the world's wealthiest person in 2008 and is the third wealthiest person in the world as of 2011. Buffett is called the "Wizard of Omaha", "Oracle of Omaha", or the "Sage of Omaha" and is noted for his adherence to the value investing philosophy and for his personal frugality despite his immense wealth. Buffett is also a notable philanthropist, having pledged to give away 99 percent of his fortune to philanthropic causes. At the age of six, Buffett purchased 6-packs of Coca Cola from his grandfather's grocery store for twenty five cents and resold each of the bottles for a nickel, pocketing a five cent profit. While other children his age were playing hopscotch and jacks, Warren was making money. Its very encouraging seeing that Buffett who used to sell coca cola on trolley at the age of Six is now the owner of Coca Cola. He is the largest shareholder of the company as on FEB 2012.

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Here are 25 Inspiring Quotes by Mr. Warren Buffett

1. I just think that - when a country needs more income and we do, we're only taking in 15 percent of GDP, I mean, that - that - when a country needs more income, they should get it from the people that have it.

2. I always knew I was going to be rich. I don't think I ever doubted it for a minute. 3. Chains of habit are too light to be felt until they are too heavy to be broken. 4. If past history was all there was to the game, the richest people would be librarians. 5. Risk is a part of Gods game, alike for men and nations. 6. If a business does well, the stock eventually follows. 7. If you are in a poker game and after 20 minutes you don't know who the patsy is, then youre the patsy. 8. 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. 9. Time is the friend of the wonderful company, the enemy of the mediocre.

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10. Only when the tide goes out do you discover who's been swimming naked. 11. Price is what you pay. Value is what you get. 12. In the business world, the rearview mirror is always clearer than the windshield. 13. I don't look to jump over seven-foot bars; I look around for onefoot bars that I can step over. 14. Its far better to buy a wonderful company at a fair price than a fair company at a wonderful price. 15. You do things when the opportunities come along. Ive had periods in my life when Ive had a bundle of ideas come along, and Ive had long dry spells. If I get an idea next week, Ill do something. If not, I wont do a damn thing. 16. I am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board. 17. Derivatives are financial weapons of mass destruction. 18. You only have to do a very few things right in your life so long as you dont do too many things wrong. 19. Its class warfare; my class is winning, but they shouldnt be.

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20. It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, youll do things differently. 21. Beware of geeks bearing formulas. 22. The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective. 23. If youre in the luckiest 1% of humanity, you owe it to the rest of humanity to think about the other 99%. 24. Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.

25. Of the billionaires I have known, money just brings out the basic
traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.

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