Be Greedy When Others Are Fearful: 5 Warren Buffett Quotes To Inspire You Now

Warren Buffett is one of the world's most successful investors and philanthropists. As the longtime chair of Berkshire Hathaway Inc (NYSE: BRK-A), his advice and business acumen have been sought by many, and his words of wisdom have been quoted in books, articles and speeches.

In this article, we will be looking at five of the best Buffett quotes and what each one means.

1. "Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1." This quote is from Buffett's 1996 speech at the University of Georgia. This simple but powerful quote emphasizes the importance of avoiding unnecessary risks and losses in investing. This advice has served Buffett well throughout his career. He also recommends not over-analyzing decisions, as this can lead to costly mistakes.
2. "It takes 20 years to build a reputation and five minutes to ruin it." This quote has been attributed to both Buffett and Benjamin Franklin. It emphasizes the importance of one's reputation and how it can be easily destroyed if one makes a wrong decision. Buffett has said that this quote has been instrumental in helping him make decisions that further his reputation and business.
3. "Price is what you pay. Value is what you get." This quote is from Buffett's 1999 speech at Columbia Business School. It highlights the importance of understanding the true value of an investment, rather than just the price. Consider the potential return on investment in order to determine the true value of an investment.
4. "Be fearful when others are greedy and greedy when others are fearful." This quote is from Buffett's 2003 letter to shareholders of Berkshire Hathaway. It emphasizes the importance of taking advantage of market conditions and being mindful of the risks associated with investing.
5. "You only have to do a very few things right in your life so long as you don't do too many things wrong." This quote is from Buffett's 2006 speech at the University of Florida. It speaks to the importance of quality over quantity, and of doing fewer things right rather than many things wrong. Buffett has said that this advice has helped him stay focused on his goals.

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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