50 Warren Buffett Quotes on Investing, Life & Success | Warren Buffet Advice (part 2).

By Phil Town.

People Make Investing Seem More Difficult Than it Should.
“The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.”
In my opinion, this is one of the best Warren Buffett quotes of all time. So many of his investing strategies focus on simplifying the process to make sound decisions. For example, he is a fan of using the Rule of 72, which lets you figure out how long it takes for an investment to double without using a calculator.
“There seems to be some perverse human characteristic that likes to make easy things difficult.”
Buffett has made the point that you don’t have to be a genius to be a good investor, but there is a lot of hard work and due diligence involved. There are some basic investing rules that you need to learn, and if you follow those rules, you’ll be successful. Remember to use an investing calculator when the math gets tough, too!

Make Your Own Forecasts.
“Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.”

Invest Only in Companies You Understand.
“Buy a stock the way you would buy a house. Understand and like it such that you’d be content to own it in the absence of any market.”

Great Investors Don’t Diversify.
“Diversification is protection against ignorance. It makes little sense if you know what you are doing.”
“Wide diversification is only required when investors do not understand what they are doing.”

Seize Great Opportunities and Load Up the Truck.
“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.”

Trust in the United States Of America.
“We always live in an uncertain world. What is certain is that the United States will go forward over time.”

Warren Buffett has been quoted time and time again saying that America will always prevail. America is the best stock market to invest in and you can be sure that your money will be safe here. Sometimes, it just takes longer than you’d expect.

Warren Buffett Quotes on Success.
Get Around the Right People.
“It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.”
“Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.”

Your Public Image and Reputation.
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”

It’s More Important to Do Good.
“If you get to my age in life and nobody thinks well of you, I don’t care how big your bank account is, your life is a disaster.”
“Basically, when you get to my age, you’ll really measure your success in life by how many of the people you want to have love you actually do love you.”

It’s OK to Dream Big.
“I always knew I was going to be rich. I don’t think I ever doubted it for a minute.”
“You only have to do a very few things right in your life so long as you don’t do too many things wrong.”

On Finding Honesty in Others.
“Honesty is a very expensive gift. Don’t expect it from cheap people.”

Buffett once said that,
“Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.”
In other words, be careful who you trust. Most of the financial “advice” offered by equity analysts, by any range of advisers, and in the media should be taken with a grain of salt. Buffett and his partner have long worked with the same people with whom they have long histories of trust and experience. Any good investor should do the same.

Appreciate Where You Came From.
“Someone’s sitting in the shade today because someone planted a tree a long time ago.”

Give Back to Society.
“If you’re in the luckiest 1% of humanity, you owe it to the rest of humanity to think about the other 99%.”

It’s Usually Best to Just Say “No”
“The difference between successful people and really successful people is that really successful people say no to almost everything.”
“You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.”

Do What You Love.
“In the world of business, the people who are most successful are those who are doing what they love.”

Actions Vs. Results.
“You know… you keep doing the same things and you keep getting the same result over and over again.”

Choose Your Heroes Wisely.
“Tell me who your heroes are and I’ll tell you who you’ll turn out to be.”
“The best thing I did was to choose the right heroes.”

Watch Out for Bad Habits.
“Chains of habit are too light to be felt until they are too heavy to be broken.”

Warren Buffett Quotes on Money.
Doing Nothing is Often the Right Thing to Do
“You do things when the opportunities come along. I’ve had periods in my life when I’ve had a bundle of ideas come along, and I’ve had long dry spells. If I get an idea next week, I’ll do something. If not, I won’t do a damn thing.

History Doesn’t Dictate the Future.
“If past history was all that is needed to play the game of money, the richest people would be librarians.”
“The investor of today does not profit from yesterday’s growth.”

Don’t Be Greedy.
“…not doing what we love in the name of greed is very poor management of our lives.”

If You’re Not Investing You’re Doing it Wrong.
“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.”

Invest In Yourself Quotes.
The Most Important Investment…
Warren Buffett is also a huge proponent of continuous learning and self-education. He’s said in the past that he reads over 500 pages a day. He is always learning and he’s always spending time on personal development. Buffett has this to say about investing in yourself:
“The most important investment you can make is in yourself.”

And remember to think.
“I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business.”