My 10 Favorite Warren Buffett Quotes
You can watch my series on Warren Buffett here and my full YouTube video on this topic here!
Warren Buffett, one of the world’s wealthiest people at 93 years old and a current net worth of $121 billion, has a lot to teach us about money. He’s a practical, down-to-earth Nebraska native who still lives in the same home he and his first wife Susan bought in 1958. He drives an old car and eats breakfast at McDonald’s. He nicknamed his private jet “The Indefensible” because he had spent years prior to buying it making fun of wealthy people who owned private jets!
Here are 10 of my favorite Buffett quotes:
1. “Do not save what is left after spending, but spend what is left after saving.”
2. "Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks."
3. "All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies."
4. "If you aren't thinking about owning a stock for 10 years, don't even think about owning it for 10 minutes."
5. "Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble."
6. "Keep things simple and don't swing for the fences. When promised quick profits, respond with a quick "no."
7. "The difference between successful people and really successful people is that really successful people say no to almost everything."
8. "The most important investment you can make is in yourself… [r]ead 500 pages like this every day. That's how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it."
9. "If you're in the luckiest 1% of humanity, you owe it to the rest of humanity to think about the other 99%.”
10. “Basically, when you get to my age, you’ll really measure your success in life by how many of the people you want to have love you actually do love you. I know people who have a lot of money, and they get testimonial dinners and they get hospital wings named after them. But the truth is that nobody in the world loves them. If you get to my age in life and nobody thinks well of you, I don’t care how big your bank account is, your life is a disaster. That’s the ultimate test of how you have lived your life. The trouble with love is that you can’t buy it…You can buy testimonial dinners. You can buy pamphlets that say how wonderful you are. But the only way to get love is to be loveable. It’s very irritating if you have a lot of money. You’d like to think you could write a check: I’ll buy a million dollars’ worth of love. But it doesn’t work that way. The more you give love away, the more you get.”