This article covers a few famous Warren Buffett Quotes which are inspiring and motivational for everyone.
I have discussed in my earlier posts about some special innate capabilities in innovators.
Matter of debate is whether these capabilities are ingrained in their DNAs, or, have been acquired through hard work, perseverance, education and a drive from within to create a blue ocean for themselves and for the society.
Warren Buffett is one such person who has been said to have investment expertise in his DNA.
But, we always get to hear the better part of the story.
This post through great quotes from Warren Buffett tries to capture the essence of some part of his remarkable journey.
Hope these quotes would inspire the readers of this blog.
Warren Buffett- The legend who democratized investment pattern
Warren Buffet can be put into this category of great innovators filled with immense innate energy.
He is not only a living legend but also an inspiration to thousands of aspiring entrepreneurs and innovators worldwide.
His lessons about investment and life have been driving fuel for a lot of budding entrepreneurs and existing business houses.
This post illustrates Warren Buffett quotes and draws inspirations from his success mantras.
Innovation is an art but not an intricate one and innovation is not limited to an industry or product.
It’s a State of mind, a way of life.
Innovation just needs a trigger and the trigger can be an idea, situation, advice, education, family, emotions etc.
But once triggered, there is no looking back.
This is clearly visible in the life journey of Warren Buffett.
Rules of investment by Warren Buffett
Before we get on with Warren Buffett quotes, its important to get the context of all his success mantras.
Warren Buffett is known for his business acumen. He is undoubtedly one of the most successful entrepreneurs on the planet.
One of the key reasons is that he keeps his complex decision making process simple and follows the rules of investment as mentioned below.
- Look for leadership in the company you invest
- Look for a long term prospect
- Look for stability
- Look for attractive intrinsic value
How easily these can be transferred to principles in business and entrepreneurship.
Moving to some inspiring Warren Buffet Quotes.
Warren Buffett quotes- Inspiring millions
Buffett has two key rules in his life which everyone should follow.
- Never Loose money
- Never Forget rule 1
Quotes from Buffett are succinct and display clear messages.
It is crucial to build a brand for yourself and then it is even more important to maintain it.
Here are 10 Famous Warren Buffett Quotes that might change the way you approach life
- “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”
2. “Honesty is a very expensive gift. Do not expect it from cheap people”.
Prudence is becoming the norm now but Buffett anticipated this decades ago and industries bank upon his farsightedness globally.
Warren Buffett quotes are held with high regards in financial sector with a lot of his quotes forming the foundation of what can be said to be the thumb rules of investment.
Buffett, along with Bill Gates, was named the most influential global thinker in Foreign Policy’s 2010 report (Top 100 Global thinkers).
Buffett was also termed as the top money manager of the Twentieth Century in a survey by the Carson Group.
In 2007, he was listed among Time’s 100 Most Influential People in the world and in 2011, President Obama awarded him the Presidential Medal of Freedom.
One of the very famous quote among many Warren Buffett quotes is:
3. “Someone is sitting in the shade today because someone planted a tree a long time ago”
Buffett always believed in shared wisdom as the quote suggests and he is an ardent supporter of long term investments; both in business and humankind.
Buffett has been so successful, much to the credit of his adamant behaviour and persistence over investment matters and at times has come up with innovative statements that have gathered limelight globally and have added value to the brand Buffett. He says:
4. “I always knew I was going to be rich. I don’t think I ever doubted it for a minute.”
One such example of his innovative, sarcastic yet attractive statements was, when in March, 2011 Goldman Sachs received approval from the Federal Reserve to buy back Berkshire’s preferred stock in Goldman.
Buffett was reluctant to give up the stock, which averaged $1.4 million in dividends per day, saying:
5. ‘I’m going to be the Osama bin Laden of capitalism. I’m on my way to an unknown destination in Asia where I’m going to look for a cave. If the U.S. Armed forces can’t find Osama bin Laden in 10 years, let Goldman Sachs try to find me.’
Here is another interesting article on words of wisdom by Warren Buffett.
One of his quotes below adds to the perception of power of knowledge and to attain knowledge and liberation, one must not be status conscious.
6. “Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.”
The next set of inspiring quotes by Warren Buffett are success mantras for everyone.
Warren Buffett quotes- Success mantras
When would someone think of a start-up or setting up an entrepreneurial venture?
Depends on several parameters but Buffett believed that “if you have an idea, start now”. Even companies now have started to understand the importance of entrepreneurship more than ever.
If Buffett has 100 investment plans, he would implement those on the same day rather than procrastinating.
If he doesn’t have a great idea coming up, he would prefer to wait rather than indulging in non-value adding tasks just for the sake of doing something.
Getting back to the question of an ideal time to start you first venture, the quote below from Buffett says it all.
7. ‘ I made my first investment at age eleven’
Warren Buffet quotes are not only inspirational but covers facets of successful day to activities. Selective picking is equally important in terms of making any decision in life.
While several avenues look promising, but having a courage to hand pick only the best while discarding others is a difficult proposition.
However, this is what differentiates special from the very special as mentioned by Buffett.
8. “Very Successful people say ‘no’ to almost everything.”
9. If sanity has to be tested, it should be done by giving power.
Thus, Buffet has advised in subtle manners to all the entrepreneurs and innovators globally that modesty, perseverance, hard-work and integrity are the building blocks of success and one should always stick to basics even after desired success has been achieved.
Here is another one of classic Warren Buffet quotes on success which preaches the same but has been quoted in very much the Buffett way.
10. ‘Look for 3 things in a person- intelligence, energy & integrity.’
I hope the Warren Buffett quotes have inspired you by now. Buffett has been an inspiration to millions.
Here is some more information about the Wizard who is admired globally.
Warren Buffett- The Wizard of Omaha
Buffett is called the “Wizard of Omaha” or “Oracle of Omaha”, or the “Sage of Omaha” and rightly so as it is said that he has taught America how to invest. He is the biggest influencer in terms of investment all across the globe and has featured in ‘Times’ most influential people list (Times list 2012- Buffett at 81).
He commands high regards globally for his adherence to value investing and his personal frugality.
Buffett has been in the list of wealthiest people for years and was the richest person of the world in 2008.
He is also a notable philanthropist, having pledged 99 percent of his fortune to philanthropic causes, primarily via the Gates Foundation managed by Bill and Melinda Gates.
Buffett has been a stalwart as far as his commitment to invest is concerned and has earned billions through his knack of investment but a lot of times like all of us even he has faltered.
He ran into criticism during 2007-2008 recession due to a few investment decision going bad but Buffett termed the recession in the financial sector as ‘Poetic Justice’, a term from a literary piece in which virtue is rewarded and vice punished.
He has started a plethora of companies making him an outward entrepreneur.
His fresh investment and ideas on creating opportunities make him a true innovator and if he invests, United States follows, making him a universal business guru.
Here, we go. Some life lessons and success mantra through inspiring quotes by Warren Buffett. By pledging 99 percent of his fortune, Buffet became yet another monk who didn’t even need to sell his Ferrari.