As one of the world’s most successful investors and businessmen, Warren Buffett has shared a wealth of practical wisdom over the years on how to make and manage money. His savvy insights, which emphasize patience, long-term thinking, and staying grounded in fundamentals, prove that he understands how to avoid common financial pitfalls. From wealth-building strategies to understanding the true nature of success, here are 13 quotes from Buffet that have been lodged into our brains.
1. “The first rule of an investment is don’t lose [money]. And the second rule of an investment is don’t forget the first rule.”
2. “The stock market is a device for transferring money from the impatient to the patient.”
3. “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”
4. “Price is what you pay. Value is what you get.”
5. “Someone’s sitting in the shade today because someone planted a tree a long time ago.”
Trending on Wealth Gang
6. “Do not save what is left after spending, but spend what is left after saving.”
7. “If you don’t find a way to make money while you sleep, you will work until you die.”
8. “The most important investment you can make is in yourself.”
Sign up for our newsletter
Subscribe to Wealth Gang and get exclusive tips, top deals, and money-saving ideas sent directly to you.
9. “Risk comes from not knowing what you’re doing.”
10. “Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.”
11. “You only have to do a very few things right in your life so long as you don’t do too many things wrong.”
12. “Time is the friend of the wonderful company, the enemy of the mediocre.”
13. “Chains of habit are too light to be felt until they are too heavy to be broken.”
