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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 God’s 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 you’re 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 one-

foot bars that I can step over.

14. It’s 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. 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.

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 don’t do too many things wrong.

19. It’s class warfare; my class is winning, but they shouldn’t 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, you’ll 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 you’re 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.