50 Famous Quotes by Warren Buffett On Investing

Warren Buffett, the second richest man in the world, worth about $44 billion. Warren Buffet, an 82 year old American, founder and CEO of Berkshire Hathaway (BRK), a holding company which owns subsidiaries that engage in diverse business activities.

Warren Buffet is the most quoted investor on the planet and he was nicknamed the “Oracle of Omaha”.

Here are the collections of 50 famous quotes, quoted by Warren Buffett that we can learn a ton from.

1. "Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1."

2. "A very rich person should leave his kids enough to do anything, but not enough to do nothing."

3. "It’s class warfare; my class is winning, but they shouldn’t be."

4. "If you’re in the luckiest 1% of humanity, you owe it to the rest of humanity to think about the other 99%."

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

6. "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."

7. "The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective."

8. "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."

9. "Can you really explain to a fish what it’s like to walk on land? One day on land is worth a thousand years of talking about it, and one day running a business has exactly the same kind of value."

10. "You only have to do a very few things right in your life so long as you don’t do too many things wrong."

11. "It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price."

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

13. "We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."

14. "Risk is a part of God’s game, alike for men and nations."

15. "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."

16. "We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'"

17. "Chains of habit are too light to be felt until they are too heavy to be broken."

18. "It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction."

19. "Let blockheads read what blockheads wrote."

20. "Our favorite holding period is forever."
21. "I don't look to jump over seven-foot bars; I look around for one-foot bars that I can step over."

22. "If a business does well, the stock eventually follows."

23. "Why not invest your assets in the companies you really like? As Mae West said, 'Too much of a good thing can be wonderful.'"

24. "Price is what you pay. Value is what you get."

25. "Wide diversification is only required when investors do not understand what they are doing."

26. "Time is the friend of the wonderful company, the enemy of the mediocre."

27. "Only when the tide goes out do you discover who's been swimming naked."

28. "In the business world, the rearview mirror is always clearer than the windshield."

29. "Risk comes from not knowing what you're doing."

30. "Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it."

31. "There seems to be some perverse human characteristic that likes to make easy things difficult."

32. "If you are in a poker game and after 20 minutes you don't know who the patsy is, then you’re the patsy."

33. "Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway."

34. "The rich invest in time, the poor invest in money."

35. "Beware of geeks bearing formulas."

36. "Without passion, you don't have energy. Without energy, you have nothing."

37. "I get to do what I like to do every single day of the year."

38. "I never attempt to make money on the stock market. I buy on assumption they could close the market the next day and not re-open it for five years."

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

40. "The investor of today does not profit from yesterday’s growth."

41. "The smarter the journalists are, the better off the society is to a degree. People read the press to inform themselves; and the better the teacher, the better the student body."

42. "We enjoy the process far more than the proceeds."

43. "Focus on your customers and lead your people as though their lives depend on your success."

44. "I have no idea on timing. It’s easier to tell what will happen than when it will happen. I would say that what is going on in terms of trade policy is going to have very important consequences."

45. "Cash never makes us happy. It’s better to have the money burning a hole in Berkshire’s pocket than resting comfortably in someone else’s."

46. "Never invest in a business you can’t understand."

47. "Derivatives are financial weapons of mass destruction."

48. "We've used derivatives for many, many years. I don't think derivatives are evil, per se, I think they are dangerous. ...So we use lots of things daily that are dangerous, but we generally pay some attention to how they're used. We tell the cars how fast they can go."

49. "Only when you combine sound intellect with emotional discipline do you get rational behavior."

50. "I buy expensive suits. They just look cheap on me."

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50 Superb Business Advice From Some Self Made Billionaires

Here are 50 hot and superb business advices from some billionaires. I find these advices motivating and inspiring and am very sure you will find them inspiring & motivating too. If you are willing to be successful and want to learn how those great billionaires made it, relax and read through these 50 superb advices from billionaires.

1. “Innovation has nothing to do with how many R&D dollars you have. When Apple came up with the Mac, IBM was spending at least 100 times more on R&D. It's not about money. It's about the people you have, how you're led, and how much you get it.” – Steve Jobs of Apple 

2. "To turn really interesting ideas and fledging ideas into a company that can continue to innovate for years, it requires a lot of disciplines." – Steve Jobs of Apple

3. "The most meaningful way to differentiate your company from your competitors, the best way to put distance between you and the crowd is to do an outstanding job with information. How you gather, manage and use information will determine whether you win or lose." – Bill Gates of microsoft

4. You’ve got to give great tools to small teams. Pick good people, use small teams and give them great tools so that they are very productive in terms of what they are doing.” – Bill Gates of Microsoft

5. “If your cash is about to run out, you have to cut your cash flow. CEOs have to make those decisions and live with them however painful they may be. You have to act and act now; and act in the best interest of the company as a whole, even if it means that some people in the company who are your best friends have to work somewhere else.” – Larry Ellison of Oracle

6. "To succeed in business, you must build a brand and never destroy it. One competitive advantage I had when I ventured into manufacturing was my brand "Dangote," which I diligently built in the course of my trading commodities." – Aliko Dangote of Dangote Group

7."Manufacture, don't just trade. There is money in manufacturing even though it is capital intensive. To achieve a big breakthrough, I had to start manufacturing the same product I was trading on; which is commodities.” – Aliko Dangote of Dangote Group

8.“To be successful, you have to be out there, you have to hit the ground running, and if you have a good team around you and more than a fair share of luck, you might make something happen. But you certainly can't guarantee it just by following someone else's formula.” – Richard Branson of Virgin Group

9."Think like a queen. A queen is not afraid to fail. Failure is another stepping stone to greatness." – Oprah Winfrey of Harpo Studios Production

10.“A good businessman sees where others don’t see. What I see, you may not see. You cannot see because that is the secret of the business… the entire world is a big market waiting for anybody who knows the rules of the game.” – Orji Uzor Kalu of Slok Group

11. “When there is a crisis, that’s when some are interested in getting out and that’s when we are interested in getting in.” – Carlos Slim Helu of Telmex Corporation

12. “There’s no mystery in business success. If you do each day’s task successfully and stay faithfully within these natural operations of commercial laws which I talk so much about and keep your head clear, you will come out all right.” – John D. Rockefeller of standard oil

13."The ability to deal with people is as purchasable as a commodity as sugar or coffee and I will pay more for that ability than for any other thing under the sun." – John D. Rockefeller of standard oil

14. "In times of rapid change, experience could be your worst enemy." – J. Paul Getty of Getty O

15.“Somebody once said that in looking to hire people, look for three qualities; Integrity, intelligence and energy. If they don’t have the first, the other two will kill you. You think about it; it’s true. If you hire somebody without the first, you really want them to be dumb and lazy.” – Warren Buffett of Berkshire Hathaway

16."The competitor to be feared is one who never bothers about you at all but goes on making his own business better all the time." – Henry Ford of Ford Motor Company

17 "A business absolutely devoted to service will have one worry about profits. They will be embarrassingly large." – Henry Ford of Ford Motor Company

18."If you see a snake, just kill it. Don't appoint a committee on snakes." – Henry Ross Perot of EDS

19. “Good campaigns define who you are. We have to get consumers’ attention. We don’t have six months to check with focus groups.” – Philip Knight of Nike

20. “Our job is to wake up the consumers. If we become predictable, that’s not waking them up.” – Philip Knight of Nike

21. “Don’t spend so much time trying to choose the perfect opportunity, that you miss the right opportunity.” – Michael Dell of Dell Inc.

22. “Recognize that there will be failures, and acknowledge that there will be obstacles. But you will learn from your mistakes and the mistakes of others, for there is very little learning in success.” – Michael Dell of Dell Inc.

23. “The secret of successful retailing is to give your customers what they want. And really, if you think about it from the point of view of the customer, you want everything: a wide assortment of good quality merchandise; the lowest possible prices; guaranteed satisfaction with what you buy; friendly, knowledgeable service; convenient hours; free parking; a pleasant shopping experience.” – Sam Walton of Wal-Mart

24. “Changes occur because there’s a gap between what is and what should be.” – Craig McCaw of McCaw Cellular

25. “But you don't need a huge company, just a computer and a part-time person. So you don't need to have a 100-person company to develop that idea. You can do it in your spare time, you can really work on ideas and see if they take off — rather than trying to raise tons of money, millions of dollars for an idea that may or may not work. And once you have the product and people are using it, it's very easy to raise investment.” – Larry Page of Google

26. “Be an enzyme – a catalyst for change. As a slogan, I don't know if that's ever going to be right up there with Ich Bin Ein Berliner, or "I Have A Dream," but there's a lot of truth to it.” – Pierre Omidyar of E-Bay

27. “Your vision is very important. You should know whom you’re selling to, what your marketing and advertising says about you, and whom it’s speaking to. Me personally, I don’t try to please everyone. I understand who I am selling to and I work towards that vision all the time.” – Ralph Lauren of Polo

28. “It’s about broadening your scope through history and living your life. Tune in and pay attention.” – Ralph Lauren of Polo

29. “Do something. Either lead, follow or get out of the way.” – Ted Turner of CNN

30. “Managing isn't that difficult, you just have to score more runs than the other guy.” – Ted Turner of CNN

31. "Experience taught me a few things. One is to listen to your gut no matter how good something sounds on paper. The second is that you are generally better off sticking with what you know and the third is that sometimes, your best investments are the ones you don't make." – Donald Trump of Trump Organization

32. “It pays to trust your instinct.” – Donald Trump of trump Organization

33. “Make your product easier to buy than your competition, or you will find your customers buying from them, not you.” – Mark Cuban of Broadcast.com

34. “We are poised for accelerated future growth and we need the depth and breadth of leadership to achieve it.” – Leslie Wexner of Limited Brands
 
35. “Express is well into the process of substantial transformation and is providing itself as a significant dual gender, high quality apparel brand. While much work needs to be done, we believe the opportunities for growth across our brand are significant.” – Leslie Wexner of Limited Brands

36. “Sometimes you gotta be fast so you don't waste the time of others.” – Craig Newmark of Craiglist

37. “Follow through with basic values, and remember to provide good customer service.” – Craig Newmark of Craiglist “I think that our fundamental belief is that for us, growth is a way of life and we have to grow at all times.” – Mukesh Ambani of Reliance Group

38. “The organizational architecture is really that a centipede walks on a hundred legs and one or two don’t count. So if I lose one or two legs, the process will go on and the growth will go on.” – Mukesh Ambani of Reliance Group

39.“In life and business, there are two cardinal sins. The first is to act without thought and the second is not to act at all.” – Carl Icahn a Billionaire Investor

40. “You learn in this business; if you want a friend, get a dog.” – Carl Icahn a Billionaire Investor

41. “You are dead if you aim only for kids. Adults are only kids grown up, anyway.” – Walt Disney of Disney 42. “Tomorrow can be a wonderful age.” – Walt Disney of Disney

43. “Remember that, in the end, the customer doesn't know, or care, if you are small or large as an organization – she or he only focuses on the garment hanging on the rail in the store.” – Giorgio Armani of Armani

44. “In this business you can’t have a destination, an arrival point. Otherwise your competitors will overtake you, or you become complacent.” – Giorgio Armani of armani

45. “We’ve got customers. We’ve got suppliers. We’ve got employees. We’ve got unions. We’ve got communities. We’ve got all of these things that go into making up whether a business succeeds or fails.” – Gerry Schwartz of Onex Corporation

46. “Investments are like trains, and if you miss one, don’t worry because another one will come down the line.” – Gerry Schwartz of Onex Corporation

47. “What do you need to start a business? Three simple things: know your product better than anyone. Know your customer, and have a burning desire to succeed.” – Dave Thomas of Wendy's

48. “Take care of your business and your business will take care of you.” – Dave Thomas of Wendy's

49."Never be ashamed! There's some who will hold it against you, but they are not worth bothering with." – J. K. Rowling of Harry Potter Series

50. "Anything is possible if you've got enough nerve." – J. K. Rowling of Harry Potter Series 

Hope you find these business quotes inspiring and motivating? If you have more business quotes you want to share, use the comment box below to share them.

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50 Famous Quotes by Bill Gates

Below are some famous quotes, quoted by Bill Gates the founder of Microsoft corporation, and a person who has held the position of the world’s richest man in the world more than 12 consecutive years.

Quotes:

1. "I failed in some subjects in exam, but my friend passed in all. Now he is an engineer in Microsoft and I am the owner of Microsoft."

2. "Our success has really been based on partnerships from the very beginning."

3. " This is a fantastic time to be entering the business world because business is going to change in the next ten years than it has in the last fifty years."

4. "The most meaningful way to differentiate your company from your competitors, the best way to put distance between you and the crowd is to do an outstanding job with information. How you gather, manage and use information will determine whether you win or lose."

5. "A bad strategy will fail no matter how good your information is and lame execution will stymie a good strategy. If you do enough things poorly, you will go out of business."

6. "Information flow is the life blood of your company because it enables you to get the most out of your people and learn from your customers."

7. "Information work is thinking work."

8. "Business people need to shake off the notion that information is hard to get."

9. "Better information can expand the role of sales managers from being closers of big deals to being business managers."

10 "Bringing together the right information with the right people will dramatically improve a company's ability to develop and act on strategic business opportunities."

11. "A self service approach can handle 90 percent of employee administrative needs."

12. "Customer service will become the primary value added function of every business."

13. "The pace of change and the need for more personalized attention to customers will drive companies to adopt digital processes internally."

14. "As the internet drives down the cost of transactions, the middle man will disappear or evolve to add new value."

15. "Only a few businesses will succeed by having the lowest price, so most will need a strategy that includes customer services."

16. "An important re-engineering principle is that companies should focus on their core competence and outsource everything else."

17. "The competition to hire the best will increase in the years ahead. Companies that give extra flexibility to their employees will have the edge in this area."

18. "Customers want high quality at low prices and they want it now."

19. "The most important 'speed' issue is often not technical but cultural. It's convincing everyone that the company's survival depends on everyone moving as fast as possible."

20. "How fast a company can respond in an emergency is a measure of its corporate reflexes."

21. "A company's ability to respond to an unplanned event, good or bad is a prime indicator of its ability to compete."

22. "Strategically, a major function of the CEO is to look for bad news and encourage the organization to respond to it. Employees must be encouraged to share bad news as much as good news."

23. "Reward worthy failure – Experimentation."

24. "In three years, every product my company makes will be obsolete. The only question is whether we will make them obsolete or somebody else will."

25. "Sometimes, I think my most important job as a CEO is to listen for bad news. If you don't act on it, your people will eventually stop bringing bad news to your attention and that is the beginning of the end."

26. "Embrace bad news to learn where you need the most improvement."

27. "Your most unhappy customers are your greatest source of learning."

28. "Know your numbers' is a fundamental precept of business."

29. "Teams should be able to act with the same unity of purpose and focus as a well motivated individual."

30. "To win big, you sometimes have to take big risks."

31. "In business as well as the military, he who has the shortest procurement and deployment cycle wins."

32. "Every company can choose whether to lead or follow the emerging digital trends."

33. “I regret being the richest man in the world because that position attracts undeserved publicity.”

34. “Capitalism is this wonderful thing that motivates people; it causes wonderful inventions to be done. But in the area of diseases of the world at large, it has really let us down.”

35. “I believe that if you show people the problems and you show them the solutions; they will be moved to act.”

36. “I do think this next century hopefully, will be about a more global view. Where you just don’t think, yes my country is doing well but you think about the world at large.”

37. “I have $100billion. You realize I could spend $3million a day, everyday for the next hundred 100 years? And that’s if I don’t make another dime.”

38. “I think it’s fair to say that personal computers have become the most empowering tool we have ever created. They are tools of communication, tools of creativity and they can be shaped by their users.”

39. “Success is a lousy teacher. It seduces smart people into thinking they can’t lose.”

40. “The browser space that we are in, we have about 90%. Sure, Firefox has come along and the press love the idea of that. Our commitment is to keep our browser that competes with Firefox to be the best browser; best in security and best in features.”

41. “There are people who don’t like capitalism and people who don’t like PCs. But there’s no one who like the PC who doesn’t like Microsoft.”

42. “I like my job because it involves learning. I like being around smart people who are trying to figure out new things. I like the fact that if people really try, they can figure out how to invent things that actually have an impact.”

43. “If you give people tools and they use their natural ability and their curiosity, they will develop things in ways that will surprise you very much beyond what you might have expected.”

44. “You need to know about the customer feedback that says things should be better.”

45. “The people who resist change will be confronted by the growing number of people who see that better ways are available; thanks to technology.”

46. “You’ve got to give great tools to small teams. Pick good people, use small teams and give them great tools so that they are very productive in terms of what they are doing.”

47. "Success is a lousy teacher.It seduces smart people into thinking they can't lose"

48. "So it's an absolute lie that has killed thousands of kids. Because the mothers who heard that lie, many of them didn't have their kids take either pertussis or measles vaccine, and their children are dead today. And so the people who go and engage in those anti-vaccine efforts -- you know, they, they kill children. It's a very sad thing, because these vaccines are important."

49. "DNA is like a computer program but far, far more advanced than any software ever created."

50. "We were young, but we had good advice good ideas and lots of enthusiasm."

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