Finance

Best quotes for Investment by Warren Buffett

The Warren Buffett is evidently amazingly successful investor of all time. His wealth has grown to over $89 billion, according to a survey, making him the richest man in America. He taught people to how to earn money with investment. He knows his certain set of values that he uses to invest and make important decisions in life. Learning from such a man is a great honour and opportunity to be good investors. He has some great recommendation that we can use to be successful in our life.

 

Here is the secret of success given by the smartest investor ever lived on the face of the earth:

 

Explanation of risk:

“Risk comes from not knowing what you are doing.”

 

It’s all about building a reputation:

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

 

How to make selections?

“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”

 

Stick to simple behaviour:

“The business schools reward difficult complex behaviour more than simple behaviour, but simple behaviour is more effective.”

 

Cash on the opportunities:

“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.”

 

Finding friends in life:

“Honesty is a very expensive gift. Don’t expect it from cheap people.”

 

Rules of good Investments:

“Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1”

 

Make things easy for you: 

“There seems to be some perverse human characteristic that likes to make easy things difficult.”

 

Do what you love to do:

“In the world of business, the people who are most successful are those who are doing what they love.”

 

Keep control of your time: 

“You’ve got to keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.”

 

Look for opportunities every time:

“Opportunities come infrequently. When it rains gold put out the bucket, not the thimble.”

 

History doesn’t matter anymore, only present and future:  

“If past history was all that is needed to play the game of money, the richest people would be librarians.”

 

Choose your ideal wisely:

“Tell me who your heroes are and I’ll tell you who you’ll turn out to be.”

 

Look for long-term investment Plans:

“If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.”

 

There is room for improvement in every individual:

“The most important investment you can make is in yourself.”

 

Buffett has made his points that you don’t have to be a genius to be called a good investor, but there is a lot of hard work and due thoroughness involved. There are some investing rules that you need to learn, and if you follow those rules, you’ll be successful in life as well as in your career.

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