Our collection of over 75 amazing Warren Buffett quotes on money and success will introduce you to the money mindset of one of the greatest and most successful investors in history. With a “net worth of over $100 billion as of November 2022” his quotes on money will help you create your own wealth.
Our collection of the best quotes from Warren Buffett about money, stocks, business, economics and success. No matter if you are interested in creating your own wealth or training your money mindset, these famous Warren Buffett quotes will empower you to reach your personal financial goals.
Warren Buffett Quotes on Money and Stock Market
#1 The Stock Market is designed to transfer money from the Active to the Patient.
#2 Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
#3 Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.
#4 In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.
#5 Ignore the stock market, ignore the economy, and buy a business you understand.
#5 The most common cause of low prices is pessimism – sometimes pervasive, sometimes specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It’s optimism that is the enemy of the rational buyer.
Warren Buffett Quotes about Money and Success
#6 Do not save what is left after spending, but spend what is left after saving.
#7 Risk comes from not knowing what you’re doing.
#8 You can’t make a good deal with a bad person.
#9 Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.
#10 We never want to count on the kindness of strangers in order to meet tomorrow’s obligations. When forced to choose, I will not trade even a night’s sleep for the chance of extra profits.
#11 When trillions of dollars are managed by Wall Streeters charging high fees, it will usually be the managers who reap outsized profits, not the clients.
#12 Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
#13 Other guys read Playboy. I read annual reports.
#14 It’s nice to have a lot of money, but you know, you don’t want to keep it around forever. I prefer buying things. Otherwise, it’s a little like saving sex for your old age.
#15 Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
#16 Knowing the edge of your competency is important. If you think you know more than you do, you will get in trouble.
#17 The Noah rule: Predicting rain doesn’t count; building arks does.
#18 Very successful people say no to almost everything.
Warren Buffett Quotes on Investment
#19 The best investment you can make is an investment in yourself… The more you learn, the more you’ll earn.
#20 If you’re an investor, you’re looking at what the asset is going to do, if you’re a speculator, you’re commonly focusing on what the price of the object is going to do, and that’s not our game.
#21 Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.
#22 Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.
#23 You’d get very rich if you thought of yourself as having a card with only twenty punches in a lifetime, and every financial decision used up one punch. You’d resist the temptation to dabble. You’d make more good decisions and you’d make more big decisions.
#24 I think the worst mistake you can make in stocks is to buy or sell based on current headlines.
#25 Never depend on a single income. Make an investment to create a second source.
#26 Don’t pass up something that’s attractive today because you think you will find something better tomorrow.
#27 Our favorite holding period is forever.
#28 All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.
#29 Price is what you pay, value is what you get.
#30 Risk comes from not knowing what you are doing.
#31 Diversification may preserve wealth, but concentration builds wealth.
I#32 t’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
#33 Everybody’s got a different circle of competence. The important thing is not how big the circle is. The important thing is staying inside the circle.
#34 Sound investing can make you very wealthy if you’re not in too big a hurry.
#35 Successful investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can’t produce a baby in one month by getting nine women pregnant.
Warren Buffett Quotes on Investing
#36 To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What’s needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework. You must supply the emotional discipline.
#37 The fundamental basis of above-average performance in the long run is sustainable competitive advantage.
#38 Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well.
#39 Good big decisions do not take time at all, if they do you are in trouble.
#40 Cash combined with courage in a time of crisis is priceless.
#41 You can be sure that over the next 10 years, you’ll see something that you did not think was possible.
#42 The truly big investment idea can usually be explained in a short paragraph. We like a business with enduring competitive advantages that is run by able and owner-oriented people. When these attributes exist, and when we can make purchases at sensible prices, it is hard to go wrong (a challenge we periodically manage to overcome).
#43 Beware the investment activity that produces applause; the great moves are usually greeted by yawns.
#44 Time is the friend of a wonderful business. It’s the enemy of the lousy business. If you’re in a lousy business for a long time, you’re going to get a lousy result, even if you buy it cheap. If you’re in a wonderful business for a long time, even if you pay a little too much going in, you’re going to get a wonderful result if you stay for a long time.
#45 Outstanding long-term results are produced primarily by avoiding dumb decisions, rather than by making brilliant ones.
#46 The true investor welcomes volatility … a wildly fluctuating market means that irrationally low prices will periodically be attached to solid businesses.
#47 You don’t need to be a rocket scientist. Investing is not a game where the guy with 160 IQ beats the guy with 130 IQ.
#48 Never invest in a business you can’t understand.
#49 A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem.
#50 I never try to predict the market.
#51 Problems in a company are like cockroaches in the kitchen. You will never find just one.
Warren Buffett Quotes on Money, Patience and Emotions
#52 I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business.
#53 Someone’s sitting in the shade today because someone planted a tree a long time ago.
#54 Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.
#55 Never be afraid to ask for too much when selling or offer too little when buying.
#56 When investing, pessimism is your friend, euphoria is the enemy.
#57 The most important quality for an investor is temperament, not intellect.
#58 If you cannot control your emotions, you cannot control your money.
#59 If you don’t find a way to make money while you sleep, you will work until you die.
#60 Be fearful when there is greed and be greedy when there is fear.
#61 Failure comes from ego, greed, envy, fear, imitation. I have success not because I am smart, but because I am rational.
Warren Buffett Quotes on Money and Business
#70 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.
#71 If you’ve got the power to raise prices without losing business to a competitor, you’ve got a very good business. And if you have to have a prayer session before raising the price by a tenth of a cent, then you’ve got a terrible business. I’ve been in both, and I know the difference.
#72 Asset-heavy businesses generally earn low rates of return – rates that often barely provide enough capital to fund the inflationary needs of the existing business, with nothing left over for real growth, for distribution to owners, or for acquisition of new businesses.
#73 As an investor with small capital, one should prefer businesses that have high returns on capital and that require little incremental investment to grow.
#74 The best thing that happens to us is when a great company gets into temporary trouble…We want to buy them when they’re on the operating table.
#75 Our goal is to find an outstanding business at a sensible price, not a mediocre business at a bargain price.
#76 The value of a business is the cash it’s going to produce in the future.
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We hope our collection of the best Warren Buffett quotes on money could give you some enjoyment and inspiration. There is no better way to improve your money mindset by studying the most important investors in history. Furthermore, Warren Buffett’s quotes might have inspired you to rethink your financial self-care habits or reflect on your personal financial peace.