Warren Buffett’s Trade and Investment Mantras

Uploaded by : DreamGains Financials, Posted on : 25 Jul 2015

  • Someone is sitting in the shade today because someone planted a tree a long time ago.


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


  • Risk comes from not knowing what you’re doing.


  • Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.


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


  • Price is what you pay. Value is what you get.


  • It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.


  • Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.


  • I bought a company in the mid-’90s called Dexter Shoe and paid $400 million for it. And it went to zero. And I gave about $400 million worth of Berkshire stock, which is probably now worth $400 billion. But I’ve made lots of dumb decisions. That’s part of the game.


  • It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.


  • Risk comes from not knowing what you’re doing.


  • We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.


  • 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.


  • 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.