Value Investing

Best Buffett Quotes

Warren Buffett has shared his investing wisdom for decades.  He distills investing wisdom into easily absorbed nuggets of information.

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Warren Buffett

With that in mind, 10 of my favorite Warren Buffett quotes are below:

#1:  Warren Buffett's Investment Methodology In 1 Quote

We select such investments on a long-term basis, weighing the same factors as would be involved in the purchase of 100% of an operating business:

(1) favorable long-term economic characteristics;
(2) competent and honest management;
(3) purchase price attractive when measured against the yardstick of value to a private owner; and
(4) an industry with which we are familiar and whose long-term business characteristics we feel competent to judge.

#2 - Warren Buffett's Favorite Holding Period

“When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.”

#3 - Warren Buffett on the Circle of Competence

“What an investor needs is the ability to correctly evaluate selected businesses. Note that word ‘selected’: You don’t have to be an expert on every company, or even many. You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important; knowing its boundaries, however, is vital.”

#4 - Warren Buffett on Competitive Advantages

“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.”

#5 - Warren Buffett on Value

“Long ago, Ben Graham taught me that ‘Price is what you pay; value is what you get.’ Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.”

#6 - Warren Buffett on Greed and Fear

“Be fearful when others are greedy and greedy only when others are fearful.”

#7 - Warren Buffett on When to Sell

“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.”

#8 - Warren Buffett on His 2 Investing Rules

“Rule No. 1: never lose money; rule No. 2: don’t forget rule No. 1”

#9 - Warren Buffett on Diversification

“Diversification is a protection against ignorance. It makes very little sense for those who know what they’re doing.”

#10 - Warren Buffett on Repuation

“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”

Thanks,

Ben Reynolds
Sure Dividend
ValueWalk readers can click here to instantly access an exclusive $100 discount on Sure Dividend’s premium online course Invest Like The Best, which contains a case-study-based investigation of how 6 of the world’s best investors beat the market over time.