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The 25 Best Warren Buffett Quotes in One Infographic

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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.

The Warren Buffet Series: The Early YearsInside Warren Buffett's BrainPart 3Warren Buffett's Biggest Wins and FailsBest Buffett Quotes

The 25 Best Warren Buffett Quotes in One Infographic
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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”

Temperament

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.”

Value

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.”

Conduct

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."

Perspective

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:

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Central Banks

$69 Trillion of World Debt in One Infographic

What share of government world debt does each country owe? See it all broken down in this stunning visualization.

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$69 Trillion of World Debt in One Infographic

Two decades ago, total government debt was estimated to sit at $20 trillion.

Since then, according to the latest figures by the IMF, the number has ballooned to $69.3 trillion with a debt to GDP ratio of 82% — the highest totals in human history.

Which countries owe the most money, and how do these figures compare?

The Regional Breakdown

Let’s start by looking at the continental level, to get an idea of how world debt is divided from a geographical perspective:

RegionDebt to GDPGross Debt (Millions of USD)% of Total World Debt
World81.8%$69,298100.0%
Asia and Pacific79.8%$24,12034.8%
North America100.4%$23,71034.2%
Europe74.2%$16,22523.4%
South America75.0%$2,6993.9%
Africa56.9%$1,3131.9%
Other37.1%$1,2311.8%

In absolute terms, over 90% of global debt is concentrated in North America, Asia Pacific, and Europe — meanwhile, regions like Africa, South America, and other account for less than 10%.

This is not surprising, since advanced economies hold most of the world’s debt (about 75.4%), while emerging or developing economies hold the rest.

World Debt by Country

Now let’s look at individual countries, according to data released by the IMF in October 2019.

It’s worth mentioning that the following numbers are representative of 2018 data, and that for a tiny subset of countries (i.e. Syria) we used the latest available numbers as an estimate.

RankCountryDebt to GDPGross Debt ($B)% of World Total
#1🇺🇸 United States104.3%$21,46531.0%
#2🇯🇵 Japan237.1%$11,78817.0%
#3🇨🇳 China, People's Republic of50.6%$6,7649.8%
#4🇮🇹 Italy132.2%$2,7444.0%
#5🇫🇷 France98.4%$2,7363.9%
#6🇬🇧 United Kingdom86.8%$2,4553.5%
#7🇩🇪 Germany61.7%$2,4383.5%
#8🇮🇳 India68.1%$1,8512.7%
#9🇧🇷 Brazil87.9%$1,6422.4%
#10🇨🇦 Canada89.9%$1,5402.2%
#11🇪🇸 Spain97.1%$1,3862.0%
#12🇲🇽 Mexico53.6%$6550.9%
#13🇰🇷 Korea, Republic of37.9%$6520.9%
#14🇦🇺 Australia41.4%$5880.8%
#15🇧🇪 Belgium102.0%$5430.8%
#16Netherlands52.4%$4790.7%
#17Argentina86.1%$4470.6%
#18Singapore113.6%$4140.6%
#19Greece184.9%$4040.6%
#20Austria73.8%$3370.5%
#21Indonesia30.1%$3080.4%
#22Portugal120.1%$2890.4%
#23Poland48.9%$2860.4%
#24Switzerland40.5%$2860.4%
#25Ireland63.7%$2440.4%
#26Russian Federation14.6%$2420.3%
#27Turkey30.2%$2330.3%
#28Egypt92.7%$2310.3%
#29Pakistan71.7%$2260.3%
#30Israel60.8%$2250.3%
#31Sweden38.5%$2140.3%
#32Thailand42.1%$2130.3%
#33South Africa56.7%$2090.3%
#34Taiwan Province of China35.1%$2070.3%
#35Malaysia55.6%$1990.3%
#36Venezuela182.4%$1800.3%
#37Norway40.0%$1740.3%
#38Colombia52.2%$1730.2%
#39Finland59.3%$1630.2%
#40Saudi Arabia19.0%$1490.2%
#41Iran32.2%$1440.2%
#42Vietnam55.6%$1340.2%
#43Philippines38.9%$1290.2%
#44Denmark34.3%$1210.2%
#45Hungary70.8%$1140.2%
#46Iraq49.3%$1110.2%
#47Nigeria27.3%$1090.2%
#48Bangladesh34.0%$98.10.14%
#49Angola89.0%$94.30.14%
#50Qatar48.6%$93.00.13%
#51Romania36.7%$87.90.13%
#52Lebanon151.0%$85.10.12%
#53Czech Republic32.6%$79.90.12%
#54United Arab Emirates19.1%$79.10.11%
#55Ukraine60.2%$78.80.11%
#56Morocco65.0%$77.00.11%
#57Chile25.6%$76.30.11%
#58Sri Lanka83.3%$74.10.11%
#59Sudan212.1%$72.70.10%
#60Algeria38.3%$66.50.10%
#61New Zealand29.8%$60.50.09%
#62Peru26.1%$58.80.08%
#63Puerto Rico55.5%$56.10.08%
#64Kenya60.1%$52.80.08%
#65Slovak Republic48.9%$52.10.08%
#66Ecuador45.8%$49.60.07%
#67Ethiopia61.0%$49.00.07%
#68Croatia74.6%$45.40.07%
#69Dominican Republic50.5%$43.20.06%
#70Oman53.4%$42.30.06%
#71Jordan94.4%$39.90.06%
#72Ghana59.3%$38.90.06%
#73Slovenia70.4%$38.10.05%
#74Uruguay63.5%$37.90.05%
#75Kazakhstan21.0%$36.30.05%
#76Bahrain94.7%$35.70.05%
#77Costa Rica53.5%$32.30.05%
#78Tunisia77.0%$30.70.04%
#79Belarus47.8%$28.50.04%
#80Serbia54.5%$27.50.04%
#81Myanmar38.2%$26.20.04%
#82Panama39.5%$25.70.04%
#83Cyprus102.5%$25.10.04%
#84Côte d'Ivoire53.2%$22.90.03%
#85Bolivia53.8%$21.80.03%
#86Tanzania37.3%$21.20.03%
#87Zambia78.1%$20.90.03%
#88Kuwait14.7%$20.80.03%
#89Guatemala24.7%$19.40.03%
#90Lithuania34.2%$18.20.03%
#91Syria30.0%$18.00.03%
#92Yemen64.8%$17.90.03%
#93El Salvador67.1%$17.50.03%
#94Cameroon39.1%$15.10.02%
#95Luxembourg21.4%$14.90.02%
#96Jamaica94.4%$14.60.02%
#97Senegal61.6%$14.50.02%
#98Mozambique99.8%$14.40.02%
#99Bulgaria20.4%$13.30.02%
#100Latvia35.9%$12.50.02%
#101Turkmenistan29.1%$11.90.02%
#102Uganda41.4%$11.60.02%
#103Albania69.9%$10.50.02%
#104Uzbekistan20.6%$10.40.02%
#105Lao P.D.R.57.2%$10.40.01%
#106Gabon60.7%$10.20.01%
#107Congo, Republic of87.8%$10.20.01%
#108Trinidad and Tobago45.1%$10.20.01%
#109Iceland37.6%$9.80.01%
#110Honduras40.2%$9.60.01%
#111Mauritius66.2%$9.40.01%
#112Paraguay21.5%$9.00.01%
#113Azerbaijan18.8%$8.80.01%
#114Nepal30.2%$8.80.01%
#115Papua New Guinea35.5%$8.20.01%
#116Bahamas, The63.3%$7.90.01%
#117Zimbabwe37.1%$7.80.01%
#118Georgia44.9%$7.30.01%
#119Congo, Dem. Rep. of the15.3%$7.20.01%
#120Cambodia28.6%$7.00.01%
#121Bosnia and Herzegovina34.3%$6.90.01%
#122Namibia45.8%$6.60.01%
#123Malta45.2%$6.60.01%
#124Mali37.3%$6.40.01%
#125Barbados125.7%$6.40.01%
#126Armenia51.3%$6.40.01%
#127Burkina Faso42.9%$6.10.01%
#128Equatorial Guinea43.3%$5.90.01%
#129Benin41.0%$5.90.01%
#130Madagascar45.7%$5.50.01%
#131Chad48.3%$5.30.01%
#132North Macedonia40.5%$5.10.01%
#133Niger53.8%$5.00.01%
#134Nicaragua37.2%$4.90.01%
#135Guinea38.2%$4.60.01%
#136Kyrgyz Republic56.0%$4.50.01%
#137Mauritania82.9%$4.30.01%
#138Malawi62.9%$4.30.01%
#139Togo76.2%$4.10.01%
#140Montenegro72.6%$4.00.01%
#141Rwanda40.7%$3.90.01%
#142Maldives68.0%$3.60.01%
#143Tajikistan47.9%$3.60.01%
#144Eritrea174.3%$3.50.01%
#145Moldova29.7%$3.40.00%
#146Haiti33.3%$3.20.00%
#147Bhutan102.4%$2.60.00%
#148Sierra Leone63.0%$2.60.00%
#149Estonia8.3%$2.60.00%
#150Fiji46.2%$2.60.00%
#151Suriname72.8%$2.50.00%
#152Cabo Verde124.5%$2.50.00%
#153Aruba84.5%$2.40.00%
#154Botswana12.1%$2.30.00%
#155Guyana52.9%$2.10.00%
#156Burundi58.4%$2.00.00%
#157South Sudan, Republic of42.2%$1.90.00%
#158Belize95.2%$1.80.00%
#159Eswatini35.2%$1.70.00%
#160Antigua and Barbuda89.5%$1.40.00%
#161Gambia, The86.6%$1.40.00%
#162Djibouti48.0%$1.40.00%
#163Afghanistan6.9%$1.40.00%
#164Kosovo17.0%$1.40.00%
#165Liberia39.9%$1.30.00%
#166San Marino77.9%$1.30.00%
#167Saint Lucia64.3%$1.20.00%
#168Lesotho44.5%$1.20.00%
#169Central African Republic49.9%$1.10.00%
#170Guinea-Bissau64.3%$0.90.00%
#171Seychelles56.9%$0.90.00%
#172Grenada63.5%$0.80.00%
#173Saint Vincent and the Grenadines74.5%$0.60.00%
#174Saint Kitts and Nevis60.5%$0.60.00%
#175Vanuatu51.4%$0.50.00%
#176Samoa50.3%$0.40.00%
#177Dominica74.1%$0.40.00%
#178Hong Kong SAR0.1%$0.40.00%
#179Brunei Darussalam2.6%$0.40.00%
#180São Tomé and Príncipe74.5%$0.30.00%
#181Comoros21.0%$0.20.00%
#182Timor-Leste6.1%$0.20.00%
#183Solomon Islands9.4%$0.10.00%
#184Micronesia, Fed. States of20.3%$0.10.00%
#185Nauru58.3%$0.10.00%
#186Marshall Islands25.2%$0.10.00%
#187Kiribati20.6%$0.00.00%
#188Tuvalu28.1%$0.00.00%

In absolute terms, the most indebted nation is the United States, which has a gross debt of $21.5 trillion according to the IMF as of 2018.

If you’re looking for a more precise figure for 2019, the U.S. government’s “Debt to the Penny” dataset puts the amount owing to exactly $23,015,089,744,090.63 as of November 12, 2019.

Of course, the U.S. is also the world’s largest economy in nominal terms, putting the debt to GDP ratio at 104.3%

Other stand outs from the list above include Japan, which has the highest debt to GDP ratio (237.1%), and China , which has increased government debt by almost $2 trillion in just the last two years. Meanwhile, the European economies of Italy and Belgium check the box as other large debtors with ratios topping 100% debt to GDP.

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Green

Sustainable Investing: Debunking 5 Common Myths

Do sustainable strategies underperform conventional ones? This infographic shines a light on the realities of sustainable investing and the ESG framework.

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sustainable investing

Sustainable Investing: Debunking 5 Common Myths

It began as a niche desire. Originally, sustainable investing was confined to a subset of investors who wanted their investments to match their values. In recent years, the strategy has grown dramatically: sustainable assets totaled $12 trillion in 2018.

This represents a 38% increase over 2016, with many investors now considering environmental, social, and governance (ESG) factors alongside traditional financial analysis.

Despite the strategy’s growth, lingering misconceptions remain. In today’s infographic from New York Life Investments, we address the five key myths of sustainable investing and shine a light on the realities.

1. Performance

MythReality
Sustainable strategies underperform conventional strategiesSustainable strategies historically match or outperform conventional strategies

In 2015, academics analyzed more than 2,000 studies—and found that in roughly 90% of the studies, companies with strong ESG profiles had equal or better financial performance than their non-ESG counterparts.

A recent ranking of the 100 most sustainable corporations found similar results. Between February 2005 and August 2018, the Global 100 Index made a net investment return of 127.35%, compared to 118.27% for the MSCI All Country World Index (ACWI).

The Global 100 companies show that doing what is good for the world can also be good for financial performance.

Toby Heaps, CEO of Corporate Knights

2. Approach

MythReality
Sustainable investing only involves screening out “sin” stocksPositive approaches that integrate sustainability factors are gaining traction

In modern investing, exclusionary or “screens-based” approaches do play a large role—and tend to avoid stocks or bonds of companies in the following “sin” categories:

  • Alcohol
  • Tobacco
  • Firearms
  • Casinos

However, investment managers are increasingly taking an inclusive approach to sustainability, integrating ESG factors throughout the investment process. ESG integration strategies now total $17.5 trillion in global assets, a 69% increase over the past two years.

3. Longevity

MythReality
Sustainable investing is a passing fadSustainable investing has been around for decades and continues to grow

Over the past decade, sustainable strategies have shown both strong AUM growth and positive asset flows. ESG funds attracted record net flows of nearly $5.5 billion in 2018 despite unfavorable market conditions, and continue to demonstrate strong growth in 2019.

Not only that, the number of sustainable offerings has increased as well. In 2018, Morningstar recognized 351 sustainable funds—a 50% increase over the prior year.

4. Interest

MythReality
Interest in sustainable investing is mostly confined to millennials and womenThere is widespread interest in sustainable strategies, with institutional investors leading the way

Millennials are more likely to factor in sustainability concerns than previous generations. However, institutional investors have adopted sustainable investments more than any other group—accounting for nearly 75% of the managed assets that follow an ESG approach.

In addition, over half of surveyed consumers are “values-driven”, having taken one or more of the following actions with sustainability in mind:

  • Boycotted a brand
  • Sold shares of a company
  • Changed the types of products they used

Women and men are almost equally likely to be motivated by sustainable values, and half of “values-driven” consumers are open to ESG investing.

5. Asset Classes

MythReality
Sustainable investing only works for equitiesSustainable strategies are offered across asset classes

This myth has a basis in history, but other asset classes are increasingly incorporating ESG analysis. For instance, 36% of today’s sustainable investments are in fixed income.

While the number of sustainable equity investments remained unchanged from 2017-2018, fixed-income and alternative assets showed remarkable growth over the same period.

Tapping into the Potential of Sustainable Investing

It’s clear that sustainable investing is not just a buzzword. Instead, this strategy is integral to many portfolios.

By staying informed, advisors and individual investors can take advantage of this growing strategy—and improve both their impact and return potential.

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