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15 Memorable Investing Quotes from Warren Buffett

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Warren Buffett is an iconic businessman, investor, and philanthropist. Since selling gum and magazines door-to-door in his childhood, “The Oracle of Omaha” has built an empire and legacy as CEO and chairman of Berkshire Hathaway Inc , a holding company that owns subsidiaries in a variety of industries; Buffett’s current net worth is $72.3 billion, ranking third behind fellow businessmen Bill Gates and Carlos Slim. With worldwide reverence, Buffett has never been shy about sharing his personal investment philosophies. Here’s a look at 15 of Buffett’s thought-provoking investing ideas:

  1. "The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd."
  2. “Price is what you pay. Value is what you get.”
  3. “Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
  4. “In the business world, the rearview mirror is always clearer than the windshield.”
  5. “Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1.”
  6. “If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.”
  7. “Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.”
  8. “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”
  9. “In the short term, the market is a popularity contest. In the long term, the market is a weighing machine.”
  10. "The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage."
  11. "Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down."
  12. "Buy into a company because you want to own it, not because you want the stock to go up."
  13. "Risk comes from not knowing what you're doing."
  14. "You're dealing with a lot of silly people in the marketplace; it's like a great big casino and everyone else is boozing. If you can stick with Pepsi, you should be O.K."
  15. "You want to be greedy when others are fearful. You want to be fearful when others are greedy. It's that simple."

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