We compiled a few of the best quotes from the Oracle of Omaha.
Master the basics.
The best time to buy a company is when it’s in trouble.
Don’t buy a stock just because everyone hates it.
Stocks have always come out of crises.
Don’t be fooled by that Cinderella feeling you get from great returns
You don’t have to be a genius to invest well.
Always be liquid.
Think long-term.
Forever is a good holding period.
Buy business that can be run by idiots
Be greedy when others are fearful.
Buying a stock is about more than just the price. “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”
You don’t have to move at every opportunity
Ignore politics and macroeconomics when picking stocks.
The more you trade, the more you underperform.
Price and value are not the same. “Long ago, Ben Graham taught me that ‘Price is what you pay; value is what you get.’ Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.”
Bad things aren’t obvious when times are good. “After all, you only find out who is swimming naked when the tide goes out.”
There are no bonus points for complicated investments.
A good businessperson makes a good investor.
Higher taxes aren’t a dealbreaker.
Companies that don’t change can be great investments. “Our approach is very much profiting from lack of change rather than from change. With Wrigley chewing gum, it’s the lack of change that appeals to me. I don’t think it is going to be hurt by the Internet. That’s the kind of business I like.”
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