Top 500 Warren Buffett Quotes (2024 Update)
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51. “Focus alone is not enough; putting in the time to commit is also crucial to achieve success.”

— Warren Buffett

52. “Chains of habit are too light to be felt until they are too heavy to be broken.”

— Warren Buffett

53. “Everybody’s got a different circle of competence. The important thing is not how big the circle is. The important thing is staying inside the circle.”

— Warren Buffett

54. “Tell me who your heroes are and I’ll tell you how you’ll turn out to be.”

— Warren Buffett

55. “I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are greedy.”

— Warren Buffett

56. “The most dangerous distractions are the ones you love, but that don’t love you back.”

— Warren Buffett

57. “I never try to predict the market.”

— Warren Buffett

58. “I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.”

— Warren Buffett

59. “The Stock Market is designed to transfer money from the Active to the Patient.”

— Warren Buffett

60. “Do not put all your eggs in one basket.”

— Warren Buffett

61. “I made my first investment at age eleven. I was wasting my life up until then.”

— Warren Buffett

62. “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.”

— Warren Buffett

63. “Our goal is to find an outstanding business at a sensible price, not a mediocre business at a bargain price.”

— Warren Buffett

64. “There comes a time when you ought to start doing what you want. Take a job that you love. You will jump out of bed in the morning. I think you are out of your mind if you keep taking jobs that you don’t like because you think it will look good on your resume. Isn’t that a little like saving up sex for your old age?”

— Warren Buffett

65. “A bull market is like sex. It feels best just before it ends.”

— Warren Buffett

66. “What’s hot today isn’t likely to be hot tomorrow. The stock market reverts to fundamental returns over the long run. Don’t follow the herd.”

— Warren Buffett

67. “You don’t need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.”

— Warren Buffett

68. “If you’re in the luckiest 1 percent of humanity, you owe it to the rest of humanity to think about the other 99 percent.”

— Warren Buffett

69. “I do not like debt and do not like to invest in companies that have too much debt, particularly long-term debt. With long-term debt, increases in interest rates can drastically affect company profits and make future cash flows less predictable.”

— Warren Buffett

70. “Equities will do well over time – you just have to avoid getting excited when other people are getting excited.”

— Warren Buffett

71. “Investment philosophy is the clear understanding that by owning shares of stocks, one owns businesses, not pieces of paper.”

— Warren Buffett

72. “Mr. Market is kind of a drunken psycho. Some days he gets very enthused, some days he gets very depressed. And when he gets really enthused, you sell to him, and when he gets depressed, you buy from him. There’s no moral taint attached to that.”

— Warren Buffett

73. “I’d rather have a $10 million business making 15 per cent than a $100 million business making 5 per cent.”

— Warren Buffett

74. “With each investment you make, you should have the courage and the conviction to place at least ten per cent of your net worth in that stock.”

— Warren Buffett

75. “If you’ve been playing poker for half an hour and you still don’t know who the patsy is, you’re the patsy.”

— Warren Buffett

76. “In looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if they don’t have the first, the other two will kill you.”

— Warren Buffett

77. “With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when.”

— Warren Buffett

78. “A single year’s performance is of minor importance and, good or bad, should never be taken seriously.”

— Warren Buffett

79. “You shouldn’t own common stocks if a 50 per cent decrease in their value in a short period of time would cause you acute distress.”

— Warren Buffett

80. “There are all kinds of businesses that Charlie and I don’t understand, but that doesn’t cause us to stay up at night. It just means we go on to the next one, and that’s what the individual investor should do.”

— Warren Buffett

81. “Nothing sedates rationality like large doses of effortless money.”

— Warren Buffett

82. “I find that the standard of living does not go up in proportion with the cost of living. The trick in life is to do things that are fun all the time.”

— Warren Buffett

83. “When you combine ignorance and leverage, you get some pretty interesting results.”

— Warren Buffett

84. “Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”

— Warren Buffett

85. “Over the years, a number of very smart people have learned the hard way that a long string of impressive numbers multiplied by a single zero always equals zero.”

— Warren Buffett

86. “You are lucky in life if you have the right heroes. I advise all of you, to the extent you can, to pick out a few heroes.”

— Warren Buffett

87. “If at first you do succeed, quit trying in investing.”

— Warren Buffett

88. “One’s objective should be to get it right, get it quick, get it out and get it over. Your problem won’t improve with age.”

— Warren Buffett

89. “Only when the tide goes out do you discover who’s been swimming naked.”

— Warren Buffett

90. “Take the probability of loss times the amount of possible loss from the probability of gain times the amount of possible gain. That is what we’re trying to do. It’s imperfect, but that’s what it’s all about.”

— Warren Buffett

91. “We have usually made our best purchases when apprehensions about some macro event were at a peak. Fear is the foe of the faddist, but the friend of the fundamentalist.”

— Warren Buffett

92. “No formula in finance tells you that the moat is 28 feet wide and 16 feet deep. That’s what drives the academics crazy. They can compute standard deviations and betas, but they can’t understand moats.”

— Warren Buffett

93. “In the insurance business, there is no statute of limitation on stupidity.”

— Warren Buffett

94. “Invest in as much of yourself as you can, you are your own biggest asset by far.”

— Warren Buffett

95. “In our view, derivatives are financial weapons of mass destruction carrying dangers that, while latent, are potentially lethal.”

— Warren Buffett

96. “I would say that life at 84, I am having as much fun as I’ve ever had in my life. I mean I get to do what I love every day with the people I love-and it just doesn’t get any better than that.”

— Warren Buffett

97. “There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.”

— Warren Buffett

98. “We always live in an uncertain world. What is certain is that the United States will go forward over time.”

— Warren Buffett

99. “If knowing history made you rich, librarians would be billionaires.”

— Warren Buffett

100. “We do not view the company itself as the ultimate owner of our business assets but instead view the company as a conduit through which our shareholders own assets.”

— Warren Buffett