For those who haven’t heard his name yet (and claim to live on EARTH), it’s high time you get introduced to him now.
Warren Buffett is worlds most successful Stock Market Investor & also worlds biggest philantrophist having donated 99% of his Wealth to Charity (no its not a typo & its not 9.90)…Thus making him also the biggest donor of modern world…So far he has given more than $41 billion away…
He is Worlds 4th Richest man today having a Net Worth of approx. USD 82.40 billion as on 30th August 2020 as per Forbes magazine..
He predominantly invests into US Stock Markets via his Company Berkshire Hathaway (of which he is a major shareholder along with his partner Charlie Munger, who is 94)
His Company Berkshire Hathaway Stock Price has provided a mind-boggling 19% per annum compounded (CAGR) return since 1965; a track record of 55 years that is unmatched by any other investor in the world & its highly unlikely that anybody else will ever be able to match his exemplary performance in future…
Coca Cola, Gillette, Sees Candy, The Washington Post, Bank of America & now APPLE are some of his most successful investments…
WARREN BUFFETT SPEAKS:
Here are some Very Famous, some famous & some not so famous but very relevant Quotes of Warren Buffett that ooze with WISOM &COMMON SENSE:
Investing is Simple
“There seems to be some perverse human characteristic that likes to make easy things difficult.”
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“You only have to do a very few things right in your life so long as you don’t do too many things wrong”
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The Power of Habits
“Do not save what is left after spending; instead spend what is left after saving”
Income – Savings = Expenses
Is the correct equation…
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The Best definition of INVESTING:
“Investing is an activity in which consumption today is foregone in an attempt to allow greater consumption at a later date.”
On Long Term
“Someone’s sitting in the shade today because someone planted a tree a long time ago.”
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“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.”
On Forecasting
“The only value of stock forecasters is to make fortune-tellers look good.”
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“Short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children.”
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On RISK
“Risk comes from not knowing what you’re doing”
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“What counts for most people in investing is not how much they know, but rather how realistically they define what they don’t know”
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Temperament over IQ
“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 OK”
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…when markets fall“
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“Investing isn’t always easy; that’s one of the reasons why you need a good adviser to keep you on course to achieve your goals”
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So these were some of the famous Buffett Quotes that I liked & thought of sharing here… there are 100s more & will fill pages if I share all of them…
What one needs to understand is that Warren Buffets Idea & philosophy of Investing is based on some very simple, basic principles that everyone can understand but which is difficult to follow…But if one can develop that discipline then one can go places…
Here’s wishing a Very Happy 90th Birthday to my Investing Guru Warren Buffett & wish that he at least hits a century & keeps guiding Investors around the world…
Let’s Invest With WISDOM following the well laid down & tried & tested Buffett Principles of Investing…
My previous Blogs on Warren Buffett:
My question to Buffett on Fed printing Dollars & on GOLD:
https://youtu.be/qjx3m0vGcDY
Buffett FAQs:
https://niravpanchmatia.in/yes-i-met-warren-buffett-the-god-of-investing/
2020 Berksire AGM:
https://niravpanchmatia.in/takeaways-for-indian-investors-from-warren-buffetts-2020-agm/
