Today is Warren Buffett 92nd birthday, a legendary Investor and a Philanthropist. He reads more than 12 hours a day, at this age he still invest for Long term only. His life is a role model to many.
Here are Powerful Quotes of Warren Buffett:
2. If you don't find a way to make money while you sleep, you will work until you die.
3. It takes 20 years to build a reputation and five minutes to ruin it. If you think about that you’ll do things differently.
4. Life is like a snowball. The important thing is finding wet snow and a really long hill.
5. I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.
6. We don’t have to be smarter than the rest. We have to be more Disciplined than the rest.
7. My life has been a product of Compound interest. Nothing more. Nothing less. And nothing brilliant.
8. Lose money for the firm, and I will be understanding; lose a shred of reputation for the firm, and I will be ruthless.
9. Rule No.1 is never lose money. Rule No.2 is never forget Rule No.1.
10. Chains of habit are too light to be felt until they are too heavy to be broken.
11. Time is the friend of the wonderful company, the enemy of the mediocre.
12. Only when the tide goes out do you discover who’s been swimming naked.
13. Someone is sitting in the shade today because someone planted a tree a long time ago.
14. The difference between successful people and really successful people is that really successful people say ‘No' to almost everything.
15. You only have to do a very few things right in your life so long as you don’t do too many things wrong.
16. Never invest in a business you cannot understand.
17. It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
18. Honesty is a very expensive gift, don’t expect it from cheap people.
19. Don’t ask a barber whether you need a haircut.
20. Our favorite holding period is forever.
21. Choosing your heroes is very important. Associate well, marry up and hope you find someone who doesn’t mind marrying down.
22. As a billionaire, most people are interested in what type of cars I drive, instead of asking me what types of books gave me the drive to be successful.
23. Price is what you pay, value is what you get.
24. The investor of today does not profit from yesterday’s growth.
25. The stock market is designed to transfer money from the active to the patient.
26. If a business does well, the stock eventually follows.
27. On taking Risk - Never test the depth of the river with both feet.
28. On Earnings - Never depend on Single income. Make Investment to create second source of income.
29. On Spending - If you buy things you do not need, soon you have to sell things you need.
30. On Savings - Do not save what is left after spending, but spend what is left after saving.
31. On Investment - Do not put all eggs in one basket.
32. Tell me who your heroes are and I will tell you who you will turn out to be.
33. If you cannot control your emotions, you cannot control your money.
35. The one easy way to become worth 50 percent more than you are now — at least — is to hone your communication skills — both written and verbal… if you can’t communicate, it’s like winking at a girl in the dark — nothing happens. You can have all the brainpower in the world, but you have to be able to transmit it.
36. Read 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.
