Famous American investor Warren Buffet amassed a fortune by investing through his holding company Berkshire Hathaway. He was ranked by Forbes magazine as being the third richest person in the world as of 2007.
Warren Buffet Quotes:
"The
line separating investment and speculation, which is never bright and
clear, becomes blurred still further when most market participants have
recently enjoyed triumphs. Nothing sedates rationality like large doses
of effortless money. After a heady experience of that kind, normally
sensible people drift into behavior akin to that of Cinderella at the
ball. They know that overstaying the festivities -- that is, continuing
to speculate in companies that have gigantic valuations relative to the
cash they are likely to generate in the future -- will eventually bring
on pumpkins and mice. But they nevertheless hate to miss a single
minute of what is one helluva party. Therefore, the giddy participants
all plan to leave just seconds before midnight. There’s a problem,
though: They are dancing in a room in which the clocks have no hands."
- On Investing
"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 when others
are fearful."
- On Investing
"Long
ago, Sir Isaac Newton gave us three laws of motion, which were the work
of genius. But Sir Isaac's talents didn't extend to investing: He lost
a bundle in the South Sea Bubble, explaining later, 'I can calculate
the movement of the stars, but not the madness of men.' If he had not
been traumatized by this loss, Sir Isaac might well have gone on to
discover the Fourth Law of Motion: For investors as a whole, returns
decrease as motion increases."
- On Investing
"[The
perfect amount of money to leave children is] enough money so that they
would feel they could do anything, but not so much that they could do
nothing."
- On Inheritance
"If
I was running $1 million today, or $10 million for that matter, I'd be
fully invested. Anyone who says that size does not hurt investment
performance is selling. The highest rates of return I've ever achieved
were in the 1950s. I killed the Dow. You ought to see the numbers. But
I was investing peanuts then. It's a huge structural advantage not to
have a lot of money. I think I could make you 50% a year on $1 million.
No, I know I could. I guarantee that."
- On Investment
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