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Warren Buffet needs known introduction. The American investor, business tycoon, philanthropist and CEO of Berkshire Hathaway is considered by many as one of the best investors in the world. We have compiled five of our favourite investment quotes from this legendary investor.

 

 

 

Number One

“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.”

This quote is an investor’s version of the famous words ‘Carpe diem’  (seize the day).  Periods of uncertainty can present high-quality investment opportunities, this quote reminds the investor not to hesitate when an opportunity presents itself.

Number Two

“It’s better to have a partial interest in the Hope diamond than to own all of a rhinestone”

Warren is emphasising the need for quality over quantity. A small amount of capital in a quality investment can be worth substantially more than a large amount of capital in an inferior investment. After all, a small piece of the hope diamond is worth more than any rhinestone.

Number Three 

“You Can’t Make A Good Deal With A Bad Person”

Robust due diligence is imperative. Regardless of how attractive the person, proposal, or the potential for high yields, ensuring someone doesn’t have a dubious history and shares your values is vital for successful investing. 

Number Four 

“Someone’s sitting in the shade today because someone planted a tree a long time ago”

Investors need to think about the long term outlook to assure a financially secure future. Implementing a successful long term investment strategy can provide an investor with financial protection later in life.

Number Five

“Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1.”

This cryptic quote by Warren Buffet can be taken in literally, or it can act as a reminder that avoiding loss is the best way to ensure a profitable outcome. Avoiding loss can only happen when your mindful of potential losses and not solely focused on the gains.