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ORACLES OF WARREN BUFFET
( P A R T 2 )
// THREAD //
ORACLES OF WARREN BUFFET
( P A R T 2 )
// THREAD //
1. Smart Habits
"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."
"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."
2. Charitable Giving
"If you're in the luckiest 1% of
humanity, you owe it to the rest of
humanity to think about the other
99%."
( Buffett is planning to give away 99% of his wealth )
"If you're in the luckiest 1% of
humanity, you owe it to the rest of
humanity to think about the other
99%."
( Buffett is planning to give away 99% of his wealth )
3. Avoiding Spoiled Kids
"I believe in giving my kids enough
so they can do anything, but not so
much that they can do nothing."
"I believe in giving my kids enough
so they can do anything, but not so
much that they can do nothing."
4. Debt
"If you buy things you do not need, soon you will have to sell things you need."
"If you're smart, you're going to make a lot of money without borrowing."
"If you buy things you do not need, soon you will have to sell things you need."
"If you're smart, you're going to make a lot of money without borrowing."
5. Great Management
"When you have able managers of
high character running businesses
about which they are passionate,
you can have a dozen or more
reporting to you and still have time
for an afternoon nap
"When you have able managers of
high character running businesses
about which they are passionate,
you can have a dozen or more
reporting to you and still have time
for an afternoon nap
6. Stock Buybacks
"When stock can be bought below a
business's value it is probably the
best use of cash."
"When stock can be bought below a
business's value it is probably the
best use of cash."
7. Index Funds
A)"Just pick a broad index like the
S&P 500. Don't put your money in all
at once; do it over a period of time."
B) "It is not necessary to do
extraordinary things to get
extraordinary results."
A)"Just pick a broad index like the
S&P 500. Don't put your money in all
at once; do it over a period of time."
B) "It is not necessary to do
extraordinary things to get
extraordinary results."
8. S P E C U L A T I O N
"Speculation is most dangerous
when it looks easiest."
"Speculation is most dangerous
when it looks easiest."
9. Diversification
"Diversification is a protection
against ignorance. It makes very
little sense for those who know
what they're doing."
"Diversification is a protection
against ignorance. It makes very
little sense for those who know
what they're doing."
10. Strengths And Weaknesses
"There is 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.
"There is 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.
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