Warren Buffett: Top Quotes By The Oracle Of Omaha !
American business magnate, Warren Buffett who turned 89 years recently. The CEO of Berkshire Hathaway was born on August 30, 1930, in Omaha, Nebraska, the United States. The investing legend came from a very humble background, and went on to become among the wealthiest men in the world. Known as 'The Oracle Of Omaha'. Now at 89, Warren Buffet is an inspiration and motivation to people across the world.
Buffett was a teen when he bought his first stock at 11 years of age. By 16, he had earned $53,000 and earned $175 a month which was more than his teachers. He was rejected by Harvard Business School, but that did not stop Warren from pursuing his dreams. As of July 18, 2019, Warren Buffett has a net worth of $82 billion making him the third-wealthiest person in the world.
Check out the book "Intelligent Investor" by Benjamin Graham
Quote 1 : Honesty is a very expensive gift, don’t expect it from cheap people.
Honesty is very expensive quality to be found in a human being.All the successful and great people you find in real life, they actually very humble , soft spoken ,honest.Great people always honest with themselves as well as with others. Real rich people always honest with others. Be it be admitting own failure and wrong decisions.Honesty is a quality that really sets apart one person from other bunch of people.
Quote 2 : Price is what you pay. Value is what you get.
For everything we buy ,we have to give a price.May be it is about buying grocery items,fancy items,household items or luxurious items. Every item has its fair price. When we get the best value for an item, we should buy That.This analogy works in real word scenarios and in financial market,stock market too.In the mall many a times while shopping , we encounter attractive offer sales.We many a times buy the items,that running on offer,thinking we are wise ,we getting it for cheap price.But instead of thinking about only price point of view , we should see it in the context of value too. The item we buying, is it real value for the price ? When we encounter a situation when we have to choose a great product with slightly higher price and product not that great value ,but available in cheap price .We should alwaays go with the product with great value even though with little bit higher price tag.
Quote 3: It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.
Building a name and fame isn't so easy .It takes years of hard work,honesty ,good work to build that brand.Sometimes even takes whole life time to build your name.As harder it is to build reputation,it is far even easier to ruin all the reputation in minutes.Just a small mistake,stupidness may cost 20 years hard-earned reputation. Building something from start is very difficult ,but destroying is very easy.So we should be always be aware that ,we shouldn't do something silly that might result in all the name and fame to go in vein in minutes.
Quote 4: Not doing what we love in the name of greed is the very poor management of our lives.
You might have heard some people saying "I actually wanted to be a singer or artist, but i didn't pursue because there isn't enough money or hard to be successful in that field".Those kind of people actaully driven by greed.There are times ,when you might be working ,but you might not get immediate result,in that situation passion keeps you motivating from keep working,even though result is far away.A normal person driven by fear many a times in those situations ,gets frustrated and thinks negatively ,because passion is not there to back morally.If you see around all the successful people ,you can find that all those successful people followed their heart and pursued their passion and finally against all the odds they became successful.So we always opt for doing something ,we love to do.
Quote 5: Risk comes from not knowing what you’re doing.
Real risk comes from ignorance. for example someone who doesn't know how to drive a car,if you give him a car to drive it is very likely that he would run into an accident.Risk probability of him meeting an accident is 99%.In contrast if the steering wheel on a quitely moderate skilled driver ,then risk of him meeting an accident comparitively very low.Even though he runs into an accident ,amount of damage happened,would be far low.So before diving into doing something new, that we don't understand,we should first invest ourself in educating.
Quote 6: Someone's sitting in the shade today because someone planted a tree a long time ago.
If you see someone successful and great today ,then he/she worked to attain that success way earlier before .If you want to achieve something act now and act first.Don't be a silent-watcher and wait for the right time right oppportunity.Start acting, work towards achieving your goals today itself.More earlier you start,it's better.
Even though being among the world's richest men on Earth, Warren Buffet follows a modest lifestyle. He has been living in the same five-bedroom house since 1958 that he originally bought for $31,500. is worth just .001% of his total wealth and he never spends more than $3.17 on his daily McDonald's breakfast. The house is worth just .001 percent of his total wealth. And he never spends more than $3.17 on his daily McDonald's breakfast. Buffett gives away a lot of the money he earns in philanthropy. He is now regarded as one of the most generous philanthropists in the world, giving more than $27 billion for various charitable causes.
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