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Thursday, August 30, 2012

Happy Birthday Warren Buffett!

The Oracle of Omaha, Warren Buffett turns 82 years young today.
He may be one of the wealthiest people in the world.  But he's also known as the billionaire next door.  He comes off as humble and sometimes uses self-deprecating humor.  Maybe it has something to do with the fact that he's lived in Omaha, Nebraska for most of his life.
Buffett also uses extremely easy-to-understand language when referring to business and investments.
Many of his most thoughtful quotes are found in his annual letters to Berkshire Hathaway shareholders, which are must reads.  But some of his gems come from random interviews, speeches, and op-ed pieces. 
We compiled a few of the best quotes from the Oracle of Omaha. If we've missed any of your favorites, let us know in the comments.


This is the most important thing


This is the most important thing

"Rule No. 1: never lose money; rule No. 2: don't forget rule No. 1"





Be greedy when others are fearful


"Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful."


Beware when investing turns into speculating


Source: Letter to shareholders, 2000

The company is more important than price


"Wall Street is the only place that people 

ride to in a Rolls-Royce to get advice from

 those who take the subway."


"When we own portions of outstanding 

businesses with outstanding managements,

our favorite holding period is forever."



Read more here


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