The greatest investor of them all? Warren Buffett
I owe 99% of my investing knowledge to him
Here are 15 Buffett quotes you never heard of:
1. Stop losing
"The most important thing to do if you find yourself in a hole is to stop digging."
2. Quality matters
"It’s better to have a partial interest in the Hope diamond than to own all of a rhinestone."
3. Be skeptic
"If returns are too good to be true, they probably are."
4. Think like an owner
"Buy into a company because you want to own it, not because you want the stock to go up."
5. Circle of competence
"There’s nothing wrong with a 'know-nothing' investor who realizes it. The problem is when you are a 'know-nothing' investor but you think you know something."
6. Honesty matters
"Honesty is a very expensive gift. Don’t expect it from cheap people."
7. Keep it simple
"The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective."
8. Habits
"Chains of habit are too light to be felt until they are too heavy to be broken."
9. Choose your friends wisely
"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."
10. Compounding works
"It’s not necessary to do extraordinary things to get extraordinary results."
11. How to become rich
"You cannot buy happiness, but you can buy experiences, and those make you richer."
12. How to measure succes
"I measure success by how many people love me."
13. Learn from mistakes
"It's good to learn from your mistakes. It's better to learn from other people’s mistakes."
14. Everything in life compounds
"Life is like a snowball. The important thing is finding wet snow and a really long hill."
15. Opportunities are rare
"Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble."
That's it for today. Did you like this?
Here's a summary of all (!) public writings of Warren Buffett: compounding-quality.kit.com/9cb58201a9
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