DiversityHuman.com - It's all about us. It's all about you!



Legendary Businessman with Legendary Business Principles

Warren Edward Buffett is an American business magnate, investor, and philanthropist. He is widely regarded as one of the most successful investors in the world. Often introduced as "legendary investor, Warren Buffett", he is the primary shareholder, chairman and CEO of Berkshire Hathaway.He is consistently ranked among the world's wealthiest people. He was ranked as the world's wealthiest person in 2008 and is the third wealthiest person in the world as of 2011. (wikipedia)

Buffett is called the "Wizard of Omaha", "Oracle of Omaha", or the "Sage of Omaha" and is noted for his adherence to the value investing philosophy and for his personal frugality despite his immense wealth.Buffett is also a notable philanthropist, having pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Gates Foundation. (wikipedia)Warren_Buffet.jpg

And they don't call him the “Oracle of Omaha” for nothing. By the age of 14, Buffett had purchased a small farm in his hometown of Omaha, Nebraska, using the profits from his paper route. By the time he graduated college, he had $90,000 in savings. In 1962, Buffett became a millionaire with his Omaha-based investment partnership, Buffett Partnership, Ltd. He began buying shares of a textile manufacturing company, Berkshire Hathaway, and eventually took control of the company. By 1990, he became a billionaire. (investinganswers.com)

Who wants to be like him? I guess almost of us want to be like him or in a deeper sense we would like how he is became such person, his principles in life, business attitudes, etc.

Guys, he follows basic principles and here are some of his outstanding philosophies in life also his famous quotes.

1. "Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1."

2. "A very rich person should leave his kids enough to do anything, but not enough to do nothing."

3. "It’s class warfare; my class is winning, but they shouldn’t be."

4. "If you’re in the luckiest 1% of humanity, you owe it to the rest of humanity to think about the other 99%."

5. "It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently."

6. "Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars."

7. "The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective."

8. "You do things when the opportunities come along. I’ve had periods in my life when I’ve had a bundle of ideas come along, and I’ve had long dry spells. If I get an idea next week, I’ll do something. If not, I won’t do a damn thing."

9. "Can you really explain to a fish what it’s like to walk on land? One day on land is worth a thousand years of talking about it, and one day running a business has exactly the same kind of value."

10. "You only have to do a very few things right in your life so long as you don’t do too many things wrong."

11. "It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price."

12. "Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years."

13. "We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."

14. "Risk is a part of God’s game, alike for men and nations."

15. "Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks."

16. "We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'"

17. "Chains of habit are too light to be felt until they are too heavy to be broken."

18. "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."

19. "Let blockheads read what blockheads wrote."

20. "Our favorite holding period is forever."

21. "I don't look to jump over seven-foot bars; I look around for one-foot bars that I can step over."

22. "If a business does well, the stock eventually follows."

23. "Why not invest your assets in the companies you really like? As Mae West said, 'Too much of a good thing can be wonderful.'"

24. "Price is what you pay. Value is what you get."

25. "Wide diversification is only required when investors do not understand what they are doing."

26. "Time is the friend of the wonderful company, the enemy of the mediocre."

27. "Only when the tide goes out do you discover who's been swimming n$k&d."

28. "In the business world, the rearview mirror is always clearer than the windshield."

29. "Risk comes from not knowing what you're doing."

30. "Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it."

31. "There seems to be some perverse human characteristic that likes to make easy things difficult."

32. "If you are in a poker game and after 20 minutes you don't know who the patsy is, then you’re the patsy."

39. "If past history was all that is needed to play the game of money, the richest people would be librarians."

40. "The investor of today does not profit from yesterday’s growth."

41. "The smarter the journalists are, the better off the society is to a degree. People read the press to inform themselves; and the better the teacher, the better the student body."

42. "We enjoy the process far more than the proceeds."

43. "Focus on your customers and lead your people as though their lives depend on your success."

44. "I have no idea on timing. It’s easier to tell what will happen than when it will happen. I would say that what is going on in terms of trade policy is going to have very important consequences."

45. "Cash never makes us happy. It’s better to have the money burning a hole in Berkshire’s pocket than resting comfortably in someone else’s."

46. "Never invest in a business you can’t understand."

47. "Derivatives are financial weapons of mass destruction."

48. "We've used derivatives for many, many years. I don't think derivatives are evil, per se, I think they are dangerous. ...So we use lots of things daily that are dangerous, but we generally pay some attention to how they're used. We tell the cars how fast they can go."

49. "Only when you combine sound intellect with emotional discipline do you get rational behavior."

50. "I buy expensive suits. They just look cheap on me."

51. "Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway."

52. "Diversification is a protection against ignorance. It makes little sense for those who know what they're doing."

53. "Investing is simple, but not easy."

54. "Success in investing doesn't correlate with I.Q. once you're above the level of 25. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing."

55. "When a management team with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact."

56. "Your premium brand had better be delivering something special, or it's not going to get the business."

57. "A public-opinion poll is no substitute for thought."

58. "I’ve reluctantly discarded the notion of my continuing to manage the portfolio after my death– abandoning my hope to give new meaning to the term ‘thinking outside the box.’"

59. "Someone's sitting in the shade today because someone planted a tree a long time ago."

Feel free to provide your own feedback using the comment box below. Humans have the same brain structure but we have different opinions.

System Admin

Blog info


System Admin

DiversityHuman.com Administrator came from a very humble beginning. Born in the middle of the jungle. Raised by a very loving mother. Grew with a very hard working father. Experienced poverty at the lowest level.

Babaeng May Mabuting Kalooban Hinahangaan Ng Mga Sundalo Sa Jollibee Borongan Eastern Samar

Random Act Of Kindness: Man In Cebu Shares Generator To Entire Village For FREE!

Filipino Earns Around 1 Million Per Month In Selling Isaw, Betamax, & Adidas In New York City

This Boy Inspires Strangers But Can You Hold Your Tears While Reading His Story?

Page top