Warren Buffett Best Quotes & and a few others …
A list of the most insightful Warren Buffett quotes & selected others on investment, diversification … and life in general
Our basic philosophy
Introduction
+ We start with the quotes which introduced each major page on our first website.
+ As our business model has changed so has our Internet presence. However, we do not want to miss out on the wisdom contained therein, which we believe is timeless.
+ The most famous and insightful Warren Buffett quotes (and a few selected others) are the key content here.
+ We have grouped them when matching in order of our Ten Commandments for the Intelligent Investor in the 21st Century
Buddha
"An idea that is developed and put into action is more important than an idea that exists only as an idea."
Buddha (Hindu Prince Gautama Siddharta, the founder of Buddhism, 563-483 B.C.)
Lao Tzu
"Do the difficult things while they are easy and do the great things while they are small. A journey of a thousand miles must begin with a single step."
Lao Tzu (Chinese taoist Philosopher, founder of Taoism, wrote "Tao Te Ching". 600 BC-531 BC)
Ralph Waldo Emerson
„It requires a great deal of boldness and a great deal of caution to make a great fortune, and when you have it, it requires ten times as much skill to keep it.“
Ralph Waldo Emerson (1803-1882, American Poet, Essayist)
Dalai Lama
"Open your arms to change, but don‘t let go of your values."
Dalai Lama (Head of the Dge-lugs-pa order of Tibetan Buddhists, 1989 Nobel Peace Prize, b.1935)
Akhenaton
„Honor is the inner garment of the Soul; the first thing put on by it with the flesh, and the last it layeth down at its separation from it.“
Akhenaton (1375 BC, Egyptian King, Monotheist)
1. Capital protection and eventual full return is the highest priority
Quote
Our take on that:
2. Investing has always a long-term focus and is a continuous, disciplined process
Quote
Our take on that:
“You do things when the opportunities come along. I’ve had periods in my life when I’ve had a bundle of ideas come along, and I’ve had long dry spells. If I get an idea next week, I’ll do something. If not, I won’t do a damn thing.”
Warren Buffett
Source
“Our favorite holding period is forever.”
Warren Buffett
Source
“Only when you combine sound intellect with emotional discipline do you get rational behavior.”
Warren Buffett
Source
3. Market fluctuations are an unavoidable fact of life, nobody can predict them with any level of certainty
Quote
Our take on that:
“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”
Warren Buffett
“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”
Warren Buffett
4. The purchase of shares in solid, profitable companies with understandable business models offers the highest expected return and best inflation protection
Quote
Our take on that:
“Never invest in a business you can’t understand.”
Warren Buffett
Source
“It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”
Warren Buffett
Source