Posted on November 17, 2014 · Posted in Uncategorized

Warren Buffet QuotesHere are some wise words from one of the best investors of all time. Many of these go beyond business and point to ways to live a good, healthy and fulfilling life. Enjoy!

 

1. Take time to pull yourself out of the day to day grind and think about the big picture:

“I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.”

 

2. Think about what you are buying and how much it is really worth before even looking at the price:

“Price is what you pay. Value is what you get.”

 

3. Buy Quality

“It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”

 

4. Buy good companies with good products and DURABLE COMPETITIVE ADVANTAGES:

“I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.”

 

5. Don’t live beyond your means:

“After all, you only find out who is swimming naked when the tide goes out.”

 

6. Think about who your business partners will be before going into business with them:

“You can’t make a good deal with a bad person.”

 

7. Protect your good name:

“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”

 

8. Don’t get trapped in the consumption hamster wheel:

“Too often, a vast collection of possessions ends up possessing its owner. The asset I most value, aside from health, is interesting, diverse, and long-standing friends.”

 

9. Sometimes you need to stop and think:

“The most important thing to do if you find yourself in a hole is to stop digging.”

 

10. Think about what you want and then be confident you will achieve it. Then start working towards that goal! :

“I always knew I was going to be rich. I don’t think I ever doubted it for a minute. ”

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