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Top 5 Quotes From Legendary Investor Warren Buffett

By Edited Nov 13, 2013 0 0

Buffett's Top 5 Quotes

If you are an investor who likes investing in stocks and are wondering who to take advice from, why not do a little reading on the legendary investor Warren Buffett and his most famous quotes? Buffett quotes are funny, original and quite educational at the same time. To put it bluntly, he is the most successful investor of all-time. To be rich, you must think and act like the rich. Therefore it might be a good idea to do a little reading on people like Warren Buffett because of their rich knowledge on stocks and investing!

Warren Buffett Quotes
Buffett, the head of Berkshire Hathaway, is known for his great investing background in the stock market. American business magnate, investor, and philanthropist, and is often ranked in the top 5 richest people in the entire world. Unfortunately  he was recently diagnosed with prostate cancer, but it is not deemed to be life-threatening.

Warren Buffett's net worth now stands around $44 billion! Here are the top 5 quotes of all-time from legendary investor Warren Buffett. I hope you find them funny, interesting and educational at the same time.

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

Warren Buffett(97113)
Buffett can be quite funny at times. Though funny, there is much truth is this quote. You know what they say about stocks brokers – they are probably broker than you are! Trust yourself and your own instincts. Buffett would never be so foolish to hand over his money to another person.

Buffett studies companies by himself and does countless hours of due diligence before making investing decisions. He doesn't buy stocks without knowing them inside and out. He also doesn't have to work from the big city - he lives in Omaha, Nebraska, so he is free from all the noise of Wall Street. This is one of Buffet’s most famous quotes.

# 4 - "Rule No. 1: Never lose money. Rule No. 2: Never forget Rule. No. 1"

A simple, yet powerful investment philosophy! The Oracle of Omaha always invests in companies that are solid and he invests for the long-term. He doesn’t invest in businesses that he does not understand. Buffet invests for value, not for price. You won’t see him gambling any money on penny stocks – this quote shows that Buffett is a solid investor because of his long-term, simple approach to investing in stocks.

# 3 - “You only find out who is swimming naked when the tide goes out.”

How To Get Rich
A great quote! Especially given the recent housing bubble. Investors who take too much risk tend to get crushed. Ever hear the phrase “Pigs gets slaughtered?" If you are overexposed to a market you could be in for a rude awakening.

Again, take the real estate and stock crash of 2008. Many investors lost their shirts because they had too much exposure to one asset class. People were investing in things they had no clue about, such as CDO's and derivatives, and everyone became a speculator!

If you are sitting on investments that have made great gains, why not take some profits? And you should always stick to what you know!

# 2 -"‘If you don’t feel comfortable owning something for 10 years, then don’t own it for 10 minutes."

Another great quote that touches on Buffett's investment philosophy of investing for the long-term. Buffett is a great thinker – he is always looking down the road and at the big picture. Buffet invests for dividends and prefers to hold stocks for as long as possible. That is an investment strategy that has served him quite well over the years. Think for the future, not the present!

#1 - "Be fearful when others are greedy. Be greedy when others are fearful."

This is my favorite quote ever from Warren Buffett because it is so simple, yet so important to understand the meaning. In investing, the most money is made when you invest in a down market or a depression. The most money is made is when you invest when others are getting out, not getting in! In general,you should sell when others are buying. 

Avoid manias and bubbles - that is when people get really greedy. Think about that. Would you

Greed(97115)
have made more money if you bought shares of the Dow in 2005 or 2006, real estate in 2007, or if you bought in late-2008 or 2009 when the market tanked?

What if you got out of investments during the Roaring 20's, then bought shares of the Dow Jones during the great depression and held them for 20-30 years? You should be buying when there is panic and everybody wants out of the market! A great, timeless quote from Buffett.

I hope you enjoyed this list of the top 5 investing quotes of all-time from the legendary Warren Buffett.


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