Warren Buffett (2024)

FAQs

What was Warren Buffett's famous quote? ›

"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."

He said 'if all you have is a hammer, the world looks like a nail. '” Munger, who was worth $2.7 billion according to Forbes, was revered for his pithy and often humorous remarks on investing, life and more.

Warren Buffett once said, “The first rule of an investment is don't lose [money]. And the second rule of an investment is don't forget the first rule. And that's all the rules there are.”

In 2008, amid one of the most severe financial crises in recent history, legendary investor Warren Buffett, chairman of Berkshire Hathaway, shared a piece of timeless wisdom that would resonate with investors for generations to come: “Be fearful when others are greedy, and be greedy when others are fearful.”

Buffett presented a three-step exercise to help streamline his focus. The first step was to write down his top 25 career goals. In the second step, Buffett told Flint to identify his top five goals from the list. In the final step, Flint had two lists: the top five goals (List A) and the remaining 20 (List B).

The Buffett Rule is the basic principle that no household making over $1 million annually should pay a smaller share of their income in taxes than middle-class families pay. Warren Buffett has famously stated that he pays a lower tax rate than his secretary, but as this report documents this situation is not uncommon.

Warren Buffett typically does not give money to individuals, although he frequently donates to charities. However, he has in the past forwarded individual requests for money to his sister, Ms. Doris Buffett, who operates an organization called the Sunshine Lady Foundation.

In the interview, he said the Berkshire shares would go to philanthropy. Part of the cash would go directly to his wife and part to a trustee. He told the trustee to put 10% of the cash in short-term government bonds and 90% in a low-cost S&P 500 index fund.

What does Buffett read every day? ›

So Buffett says he reads around 5-6 hours daily, including newspapers, magazines, 10Ks, annual reports, and biographies. For Buffett, reading is priority number one. While most executives focus on networking or analyzing financials, Buffett dedicates the majority of his workday to reading.

He is a renowned investor and has held a variety of positions with companies such as Berkshire Hathaway and Wesco Financial Corporation. Through these investments, he has earned a tremendous amount of wealth over the years. He has also made smart investments in real estate and other businesses.

133 billion USD (2024)

Warren Buffett / Net worth

"You don't have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long, time." "Remember that reputation and integrity are your most valuable assets, and can be lost in a heartbeat." "There's no way that you can live an adequate life without making many mistakes."

“I have a dream.”

– Martin Luther King Jr.

“Price is what you pay, value is what you get.” This famous Buffett quote strikes at the heart of the “value investor” approach and reveals the secret of how Buffett made his fortune.

“Invest for the long haul. Don't get too greedy and don't get too scared.” “Waiting helps you as an investor and a lot of people just can't stand to wait. If you didn't get the deferred-gratification gene, you've got to work very hard to overcome that.”

Warren Buffett is a famous proponent of value investing. The Warren Buffett philosophy stresses the importance of purchasing “ably-managed businesses, in whole or in part, that possess favorable economic characteristics.”