Warren Buffett is famous for his wit, and will likely go down in history as one of the most quotable and influential investors of all time.
With this week marking his 89th birthday, we thought it was a good time to highlight the 25 best Warren Buffett quotes accumulated through his lengthy and prestigious career.
The Warren Buffett Series
Part 5: Wisdom from the Oracle
Today’s infographic highlights the smartest and most insightful quotes from Buffett on investing, business, and life.
It’s the fifth and final part of the Warren Buffett Series, which we’ve done in partnership with finder.com, a personal finance site that helps people make better decisions – whether they want to find the right credit card or become the next big value investor.
Get infographics every day by subscribing to our free mailing list.
After sifting through hundreds of quotes from the Oracle of Omaha, we’ve chosen the best 25 of them and sorted them into a few select categories:
Keeping it Simple
Buffett is known for putting his money in “no-brainer” businesses (i.e. Coca-Cola) that are simple to run, with long-term competitive advantages.
|Buffett Quotes on Keeping It Simple|
|#1||“Never invest in a business you cannot understand.”|
|#2||“I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.”|
|#3||“I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.”|
|#4||“A ham sandwich could run Coca-Cola."|
|#5||“Beware of geeks bearing formulas.”|
|#6||"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ."|
|#7||“Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1”|
For Buffett, how someone responds to different situations is far more important than their actual skills or knowledge level. Investors must not care what the crowd thinks, and they must be patient, focused, and decisive to maximize their potential.
|Buffett Quotes on Temperament|
|#8||"The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd."|
|#9||“It’s only when the tide goes out that you learn who has been swimming naked.”|
|#10||“Our favorite holding period is forever.”|
|#11||“Someone’s sitting in the shade today because someone planted a tree a long time ago.”|
|#12||“An investor should act as though he had a lifetime decision card with just twenty punches on it.”|
Buffett’s decision-making is driven by an assessment of value. Is the asset he is buying worth way more than it is currently being priced at by the fickle Mr. Market – if so, he’ll lay down his chips.
|Buffett Quotes on Value|
|#13||"Price is what you pay; value is what you get."|
|#14||"Be fearful when others are greedy and greedy when others are fearful."|
|#15||“It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.”|
A Midwestern gentleman, Buffett follows a simple and friendly style of business conduct, with deals often bounded by one’s promise or a simple handshake.
|Buffett Quotes on Conduct|
|#16||"You can't make a good deal with a bad person."|
|#17||"It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently."|
At 89 years old, Buffett knows a thing or two about business and life. As a result, he’s developed some unique perspectives.
|Buffett Quotes on Perspective|
|#18||“In the business world, the rearview mirror is always clearer than the windshield.”|
|#19||“If past history was all that is needed to play the game of money, the richest people would be librarians.”|
|#20||“Failing conventionally is the route to go; as a group, lemmings may have a rotten image, but no individual lemming has ever received bad press”|
|#21||"In my view, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal."|
Life and Success
How did he build such a successful career, and how does one man generate so much wisdom?
|Buffett Quotes on Life and Success|
|#22||“The most important investment you can make is in yourself.”|
|#23||“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.”|
|#24||"I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life."|
|#25||"My life couldn't be happier. In fact, it'd be worse if I had six or eight houses. So, I have everything I need to have, and I don't need any more."|
With $89.5 billion to his name, Warren Buffett is not only known for his self-made wealth and investing acumen, but also his wit and quotability. We hope this selection of the best Warren Buffett quotes helps you think about life and investing differently, and that the legendary investor continues to share his wisdom with the world.
Want more Buffett?
Don’t forget to check out the other parts of our Buffett infographic series:
- Part 1: The Remarkable Early Years of Warren Buffett
- Part 2: Inside Warren Buffett’s Brain
- Part 3: The Warren Buffett Empire in One Giant Chart
- Part 4: Warren Buffett’s Wins & Fails
Charted: U.S. Egg Prices More Than Double in 2022
This chart shows the increase in the national average price of a dozen Grade A eggs in the U.S. in 2022.
Charted: U.S. Egg Prices Double in 2022
Eggs are a staple food for many countries around the world, and the U.S. is no exception. Americans eat between 250‒280 eggs a year on average.
Eggs are also easy to cook, protein-dense and supply many daily vitamins needed for healthy living, making them a popular meal or ingredient. So when egg prices rise, people notice.
MetalytIQ charted the rapid rise of egg prices in the U.S. during 2022, using data from the U.S. Bureau of Labor and Statistics (BLS).
Over the course of 12 months, the national average price for a dozen large Grade A eggs more than doubled, to $4.25 in December from $1.93 in January.
|Egg Prices Per Month (2022)||Price per dozen|
The biggest culprit has been an avian flu outbreak that resulted in 43 million chickens culled to prevent the spread of the disease.
This led to a severe shortfall in egg supply. Egg inventories in December had fallen by one-third compared to January. Combined with increasing demand during the holiday season, prices skyrocketed and empty shelves became apparent in some states.
This is not the first time avian flu has disrupted the industry.. In 2015, a similar outbreak pushed egg prices up 40% in nine months, reaching a high of $2.97 per dozen eggs in September 2015.
Will Egg Prices Drop in 2023?
Avian flu isn’t the only storm the egg industry has been facing in 2022.
In the near-term, egg prices are expected to remain high. Containing the avian flu outbreak will remain the biggest factor in determining the prices, but as suppliers increase production, prices may cool off a little in 2023.
Energy2 days ago
Visualizing the Scale of Global Fossil Fuel Production
Energy2 weeks ago
Visualizing China’s Dominance in Battery Manufacturing (2022-2027P)
Technology1 day ago
Infographic: Generative AI Explained by AI
VC+4 weeks ago
Join VC+ for 2023’s Global Forecast Report of Expert Predictions
VC+2 weeks ago
Access Our Exclusive Report and Upcoming ‘2023 Global Forecast’ Webinar on VC+
Money4 weeks ago
Ranked: The World’s Wealthiest Cities, by Number of Millionaires
Markets1 week ago
Charted: The Dipping Cost of Shipping
Technology4 weeks ago
Timeline: The Most Important Science Headlines of 2022