Warren Buffett (2024)

FAQs

What was Warren Buffett's famous quote? ›

Be fearful when others are greedy. Be greedy when others are fearful.” Few quotes provide as much insight into the mind of Warren Buffet as this one. In this famous quote, Buffett reflects on an important fact: humans are naturally irrational.

You needn't invest until you find an opportunity that you find attractive, one that meets your standards of potential reward for the risk you're taking. Again, Buffett counsels investors to wait until they find an opportunity that is unlikely to lose them money.

“Spend each day trying to be a little wiser than you were when you woke up. Discharge your duties faithfully and well.

"Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1."- Warren Buffet.

In 2008, amid one of the most severe financial crises in recent history, legendary investor Warren Buffett, chairman of Berkshire Hathaway, shared a piece of timeless wisdom that would resonate with investors for generations to come: “Be fearful when others are greedy, and be greedy when others are fearful.”

Buffett presented a three-step exercise to help streamline his focus. The first step was to write down his top 25 career goals. In the second step, Buffett told Flint to identify his top five goals from the list. In the final step, Flint had two lists: the top five goals (List A) and the remaining 20 (List B).

The Buffett Rule is the basic principle that no household making over $1 million annually should pay a smaller share of their income in taxes than middle-class families pay. Warren Buffett has famously stated that he pays a lower tax rate than his secretary, but as this report documents this situation is not uncommon.

When he goes down a track that doesn't make sense, he does not pay attention to anything, which is a weakness for a big business leader like him. His biggest weakness is greed. He loves money too much that it interfered with his relationship with his family for a long time.

Warren Buffett typically does not give money to individuals, although he frequently donates to charities. However, he has in the past forwarded individual requests for money to his sister, Ms. Doris Buffett, who operates an organization called the Sunshine Lady Foundation.

In the interview, he said the Berkshire shares would go to philanthropy. Part of the cash would go directly to his wife and part to a trustee. He told the trustee to put 10% of the cash in short-term government bonds and 90% in a low-cost S&P 500 index fund.

What does Warren Buffett read every day? ›

So Buffett says he reads around 5-6 hours daily, including newspapers, magazines, 10Ks, annual reports, and biographies. For Buffett, reading is priority number one. While most executives focus on networking or analyzing financials, Buffett dedicates the majority of his workday to reading.

"Price is what you pay. Value is what you get." Buffett is widely celebrated as the greatest value investor of all time – and with good reason. That's exactly why this 2008 quote resonates.

In 1961, an old acquaintance of Munger's, Otis Booth, invited him to partner with him in a real estate development deal, which was completed in 1967 and Munger made a 400% profit on the sale of the development. Munger stayed in the business for a few more years until he made his first million dollars.

134.3 billion USD (2024)

Warren Buffett / Net worth

“Invest for the long haul. Don't get too greedy and don't get too scared.” “Waiting helps you as an investor and a lot of people just can't stand to wait. If you didn't get the deferred-gratification gene, you've got to work very hard to overcome that.”

Warren Buffett is a famous proponent of value investing. The Warren Buffett philosophy stresses the importance of purchasing “ably-managed businesses, in whole or in part, that possess favorable economic characteristics.”

Warren Edward Buffett (/ˈbʌfɪt/ BUF-it; born August 30, 1930) is an American businessman, investor, and philanthropist who currently serves as the co-founder, chairman and CEO of Berkshire Hathaway. As a result of his investment success, Buffett is one of the best-known investors in the world.