01/08/2020
Simply put, Warren Buffett has a way with words.
When it comes to investing, money or even life, the Berkshire Hathaway founder always finds the right words to lend wisdom and inspiration.
Here are 5 of his most memorable quotes:
1. “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”
Tip: Don’t always run with the crowd. There’s value in being counterintuitive.
2. “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.”
Tip: Your reputation matters. Think before you act.
3. “Price is what you pay. Value is what you get.”
Tip: Price and value are different. As an investor, your job is to find the disconnect between the two.
4. “Someone's sitting in the shade today because someone planted a tree a long time ago.”
Tip: It takes time and patience to enjoy the fruits of labor. When you plan for the future, good things can happen.
5. “Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.”
Tip: Protect your downside.