Legendary investor Warren Buffett is widely considered to be one of the most successful investors of all time. Buffett’s investing style is based on a simple but powerful principle: buy quality companies and hold them for the long term. Over his more than 60-year investing career, Buffett has bought and held shares in some of the world’s most successful businesses, including Coca-Cola, American Express, and Wells Fargo. What is the best Warren Buffett investing advice?
While Buffett’s investing technique is relatively simple, it’s not easy to execute. That’s because it requires a great deal of patience and discipline. In other words, you have to be willing to buy shares in a company and hold them for many years, even if the share price decreases in the short term.
If you’re looking for some guidance on how to get started with investing, look no further than Warren Buffett. In this blog post, we’ll share some of the best Warren Buffett investing advice that still applies today.
1) “Be fearful when others are greedy and greedy when others are fearful.”
2) “The market serves you better as a seller than a buyer.”
3) “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”
4) “Investors should remember that excitement and expenses are their enemies.”
5) “Price is what you pay. Value is what you get.”
6) “I always knew I was going to be rich. I don’t think I ever doubted it for a minute.”
7) “Intelligent investing is not complex, though that is far from saying it is easy.”
8 )”The goal is not to be perfect; it’s to reduce your risk of permanent loss of capital.”
9) “If past history was all there was to the game, the richest people would be librarians.”
10) “The difference between successful people and really successful people is that really successful people say ‘no’ to almost everything.”
11)”Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.”
12) “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”
13) “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”
14)”Risk comes from not knowing what you’re doing.”
15)”In the business world, the rearview mirror is always clearer than the windshield.”
16)”If you’re in the luckiest 1 percent of humanity, you owe it to the rest of humanity not to screw it up.”
17)”You can’t control the direction of the wind, but you can adjust your sails.”
While there are no guarantees in the world of investing, following the advice of someone like Warren Buffett—who has achieved incredible success over his more than 60-year career—is certainly a good place to start. As Buffet himself says, intelligent investing is not complex. But that doesn’t mean it’s easy. It requires patience, discipline, and a willingness to buy shares in quality companies and hold them for the long term. So if you’re ready to start building your own Warren Buffett-style portfolio, keep these 17 pieces of advice in mind. They just might help you achieve similar levels of success.
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Erika Finn, founder of Stacking Acorns, is an attorney who graduated from law school at University of California, Berkeley. She was a member and editor of the California Law Review and won the Prosser Prize for Legal Accounting. She holds a Master’s Degree from the University of Southern California (USC) and a Bachelor’s degree from Indiana University- Bloomington. Stacking Acorns is a personal finance website for women by women. We help mid-life women achieve financial freedom through real estate investing and other streams of passive income.
