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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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Investor Education

The Top 5 Reasons Clients Fire a Financial Advisor

Firing an advisor is often driven by more than cost and performance factors. Here are the top reasons clients ‘break up’ with their advisors.

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The following content is sponsored by Morningstar
This circle graphic shows the top reasons for firing a financial advisor.

The Top 5 Reasons Clients Fire a Financial Advisor

What drives investors to fire a financial advisor?

From saving for a down payment to planning for retirement, clients turn to advisors to guide them through life’s complex financial decisions. However, many of the key reasons for firing a financial advisor stem from emotional factors, and go beyond purely financial motivations.

We partnered with Morningstar to show the top reasons clients fire an advisor to provide insight on what’s driving investor behavior.

What Drives Firing Decisions?

Here are the top reasons clients terminated their advisor, based on a survey of 184 respondents:

Reason for Firing% of Respondents
Citing This Reason
Type of Motivation
Quality of financial advice
and services
32%Emotion-based reason
Quality of relationship21%Emotion-based reason
Cost of services17%Financial-based reason
Return performance11%Financial-based reason
Comfort handling financial
issues on their own
10%Emotion-based reason

Numbers may not total 100 due to rounding. Respondents could select more than one answer.

While firing an advisor is rare, many of the primary drivers behind firing decisions are also emotionally driven.

Often, advisors were fired due to the quality of the relationship. In many cases, this was due to an advisor not dedicating enough time to fully grasp their personal financial goals. Additionally, wealthier, and more financially literate clients are more likely to fire their advisors—highlighting the importance of understanding the client. 

Key Takeaways

Given these driving factors, here are five ways that advisors can build a lasting relationship through recognizing their clients’ emotional needs:

  • Understand your clients’ deeper goals
  • Reach out proactively
  • Act as a financial coach
  • Keep clients updated
  • Conduct goal-setting exercises on a regular basis

By communicating their value and setting expectations early, advisors can help prevent setbacks in their practice by adeptly recognizing the emotional motivators of their clients.

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Curious about what drives investors to hire a financial advisor? Discover the top 5 reasons here.

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