Buffett's 50 classic quotes

Investment must be rational. Don't do it if you don't understand it.

I don't trade any job with my job. My job contains political life.

If you basically learn from others, you don't need to have too many new ideas of your own, you just need to apply the best knowledge you have learned.

I have a black canvas, and I have a lot of pigments. I got what I wanted. Now I have a lot of wealth, but many years ago, when the amount of money was small, I had just as much fun. Because I know what I want to do will come true.

Today's finance courses may only help you do ordinary things.

No "successful" model can be accepted or respected by everyone at any time and space.

As long as I think that 2.5 billion men will need to shave the next morning, I can sleep peacefully every night.

Everyone should be proud of his life, because architectural life is an opportunity for everyone's life and has far-reaching and sacred significance. Life is what we create. Nobody can do anything for us, and nobody has the right to tell us what to do. We set our own goals, and we define our own success. We can't choose the starting point of life, but we can choose what kind of person we become.

It is very difficult to really understand the characteristics and complexity of the culture that raised you, let alone other cultures. In any case, most of our shareholders pay their bills in dollars.

We don't have to kill dragons, we can do well just by avoiding them.

People who can't afford a 50% drop in share prices should not speculate.

The decision to sell McDonald's shares held by the company was a serious mistake. In a word, if I often secretly went to the movies when the stock market opened, you should have earned more last year.

Only people who are passionate about their work, but not greedy and fascinated by the investment process are suitable for this job. Greed will destroy yourself. Of course, people who are indifferent to money or wealth are not suitable for playing this kind of' game', because there is no passion if they don't like it.

A good work attitude lies in the courage to explore yourself first. When you are engaged in the work you like, you can still enjoy the pleasure and even have a sense of sacredness, even if the work is extremely hard and hard.

When people forget the basic common sense that "two plus two equals four", they should get rid of it and leave.

What should I do with it? What should I consider? What should I be worried about? Who is my competitor? Who is my client? I'll go out and talk to customers. From the conversation, I will find the advantages and disadvantages of my specific enterprise compared with other enterprises.

I know nothing about the overall economy, and the exchange rate and interest rate are simply unpredictable. Fortunately, I don't pay attention to it when I do analysis and choose investment targets.

These figures are the wealth I will have in the future. Although I don't have so much now, I will earn it one day.

Nothing will drive me to make investment decisions outside my ability circle.

The reason why we can have today's investment achievements depends on our own self-discipline and the stupidity of others.

If someone believes that the short market is coming and sells a good investment, then this person will find that usually after selling stocks, the so-called short market immediately becomes a long market, and then misses the opportunity.

We might as well regard our good luck as an opportunity for others to enjoy, not a right; See our advantages as stepping stones to more brilliant achievements, not as a shield to get rid of hard work and personal challenges.

If you come across a good business idea in your life, you are lucky. Basically, Coca-Cola is the best big enterprise in the world. It is sold at an extremely moderate price. It is generally welcomed-consumption in almost every country is increasing every year. There is no other product like it.

Real life is not the part you inherited, but the part you created. It is the result of your constant choice and hard work. Whether you have a rich father or a poor father, luck and misfortune may change in your hands.

Short-term stock market forecast is poison, and we should put it in the safest place, away from children and investors who behave like children in the stock market.

When children grow up, they have the wisdom to forget. Children know that time is more important than money, while adults, especially when they enjoy the company bonus, often think that money is more important than time. Later, when money lost its appeal and time became urgent, they suddenly turned around.

If you believe in the dignity and value of anyone (including yourself), then you should admit that everyone has the same dignity and value.

How much wealth you can accumulate in your life does not depend on how much money you can earn, but on how you invest and manage your finances. It's better to change money than to change it. You should know that money works for you, not for you.

I can't imagine anything in my life that I want but can't get.

I have never doubted myself. I have never been discouraged.

The ambition of life is often mysterious, few people can approach it in a straight line, and no one will find it smoothly.

If you succeed at first, don't try another way.

If there is a nuclear war, please ignore it.

If life is created by us, the key is that we must recreate it ourselves.

You don't have to wait until the company bottoms out before buying its shares. The stock price of the selected enterprise is lower than what you think it is worth, and the enterprise should be run by honest and capable people. However, if you can buy shares of a company at a price lower than the current value, you have confidence in its management, and at the same time you buy a number of shares similar to the company, then you can make money just around the corner.

The only value of stock forecasters is to make fortune tellers look good.

Money is a byproduct. What really matters is the nature of the work. Money can't buy happiness, but people's values are the most stable currency.

We should pay attention to what will happen, not when

Our investment is still concentrated in a few stocks, and the concept is simple: a truly great investment concept can often be summarized in a simple sentence. We like an enterprise with sustainable competitive advantage and managed by a group of people who are capable of serving shareholders wholeheartedly. When we find a company with these characteristics and we can buy it at a reasonable price, it is almost impossible for us to make mistakes.

Don't invest in a business that any fool can do, because all fools will do it one day.

Interest rate is like the gravity of investment.

The best deals, at the beginning, almost always tell you not to buy from numbers.

One of the reasons that attracted me to work in securities is that it allows you to live the life you want. You don't have to dress up for success.

The answer is still four legs, because no matter whether you treat the tail as a leg or not, the tail will always be a tail! "

Investment is not a game in which a person with IQ 160 can beat a person with IQ 130.

Advantages are like telescopes. From one end, you can see the infinite universe; But from the other end, your world shrinks into a narrow strip. Since life is created by us, it is up to us to decide where to turn the telescope.

Investing in a market where people believe in market efficiency is like playing bridge with someone who is told that he can't read cards well.

When a brilliant management meets a declining sunset industry, it is often the latter that prevails.

The chain of habit is always too light to be noticed before it breaks.

Anything that will never develop will eventually die.