Top 500 Warren Buffett Quotes (2024 Update)
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201. “Always associate yourself with people who are better than you.”

— Warren Buffett

202. “The plan itself is opportunism. There is no plan before that.”

— Warren Buffett

203. “Time is the friend of the wonderful company, the enemy of the mediocre.”

— Warren Buffett

204. “You have to turn over a lot of rocks to find those little anomalies. You have to find the companies that are off the map – way off the map.”

— Warren Buffett

205. “The fundamental basis of above-average performance in the long run is sustainable competitive advantage.”

— Warren Buffett

206. “Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well.”

— Warren Buffett

207. “Anything can happen anytime in markets. And no advisor, economist, or TV commentator-and definitely not Charlie nor I-can tell you when chaos will occur. Market forecasters will fill your ear but will never fill your wallet.”

— Warren Buffett

208. “I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.”

— Warren Buffett

209. “The one piece of advice I can give you is, do what turns you on. Do something that if you had all the money in the world, you’d still be doing it. You’ve got to have a reason to jump out of bed in the morning.”

— Warren Buffett

210. “I always invest in companies an idiot could run, because one day one will.”

— Warren Buffett

211. “Never do anything in life if you would be ashamed of seeing it printed on the front page of your hometown newspaper for your friends and family to see.”

— Warren Buffett

212. “A contrarian approach is just as foolish as a follow-the-crowd strategy. What’s required is thinking rather than polling.”

— Warren Buffett

213. “The fact that people will be full of greed, fear, or folly is predictable. The sequence is not predictable.”

— Warren Buffett

214. “The dumbest reason in the world to buy a stock is because it’s going up.”

— Warren Buffett

215. “The most important quality for an investor is temperament, not intellect.”

— Warren Buffett

216. “Buy into a company because you want to own it, not because you want the stock to go up.”

— Warren Buffett

217. “Outstanding long-term results are produced primarily by avoiding dumb decisions, rather than by making brilliant ones.”

— Warren Buffett

218. “How do you beat Bobby Fischer? You play him at any game but chess. I try to stay in games where I have an edge.”

— Warren Buffett

219. “That which is not worth doing at all is not worth doing well.”

— Warren Buffett

220. “Things you like to do should be a hobby of yours, but things the world does should be a business of yours.”

— Warren Buffett

221. “Investing is forgoing consumption now in order to have the ability to consume more at a later date.”

— Warren Buffett

222. “The reaction of weak management to weak operations is often weak accounting.”

— Warren Buffett

223. “Knowing what to leave out is just as important as knowing what to focus on.”

— Warren Buffett

224. “Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.”

— Warren Buffett

225. “Do not take yearly results too seriously. Instead, focus on four or five-year averages.”

— Warren Buffett

226. “It’s not that I want money. It’s the fun of making money and watching it grow.”

— Warren Buffett

227. “The ideal business is one that earns very high returns on capital and that keeps using lots of capital at those high returns. That becomes a compounding machine.”

— Warren Buffett

228. “Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.”

— Warren Buffett

229. “Beware of geeks bearing formulas.”

— Warren Buffett

230. “Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.”

— Warren Buffett

231. “The value of a business is the cash it’s going to produce in the future.”

— Warren Buffett

232. “I really like my life. I’ve arranged my life so that I can do what I want.”

— Warren Buffett

233. “A diamond cannot be polished without friction, nor a person perfected without trials. Someone is enjoying shade today because someone planted a tree a long time ago.”

— Warren Buffett

234. “Buy stocks like you buy your groceries, not like you buy your perfume.”

— Warren Buffett

235. “In a commodity business, it’s very hard to be smarter than your dumbest competitor.”

— Warren Buffett

236. “Banking is very good business if you don’t do anything dumb.”

— Warren Buffett

237. “The most important thing in terms of your circle of competence is not how large the area of it is, but how well you’ve defined the perimeter.”

— Warren Buffett

238. “Stop trying to predict the direction of the stock market, the economy or elections.”

— Warren Buffett

239. “The most common cause of low prices is pessimism – sometimes pervasive, sometimes specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces.”

— Warren Buffett

240. “If a business does well, the stock eventually follows.”

— Warren Buffett

241. “Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.”

— Warren Buffett

242. “The best thing I did was choose the right heroes.”

— Warren Buffett

243. “If you want to shoot rare, fast-moving elephants, you should always carry a loaded gun.”

— Warren Buffett

244. “If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio’s market value.”

— Warren Buffett

245. “It’s never paid to bet against America. We come through things, but its not always a smooth ride.”

— Warren Buffett

246. “Shares are not mere pieces of paper. They represent part ownership of a business. So, when contemplating an investment, think like a prospective owner.”

— Warren Buffett

247. “Uncertainty is the friend of the buyer of long term values.”

— Warren Buffett

248. “Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.”

— Warren Buffett

249. “Buy a business, don’t rent stocks.”

— Warren Buffett

250. “We don’t get paid for being busy, we get paid for being right.”

— Warren Buffett