Last Updated:Saturday, 18 February 2023

Edward Buffett Quotes

Childhood

Warren Edward Buffett was born in Omaha, Nebraska, to Leila and Howard Buffett, in 1930. He has two sisters. He finished his schooling in Washington DC and his teacher once remarked that he likes Math and will be a future stock broker. He wished to skip college and directly enter business but he did not agree with him. The book “One Thousand Ways to Make $1000” inspired him to start investing from a very young age. He started working from a very young age doing jobs like selling chewing gum, Coca-Cola bottles, dropping weekly magazines door to door, working at grandfather's grocery store, delivering newspapers, selling golf balls and stamps, and detailing cars, among other means. He filed his first income tax return at the age of 14 and also took a $35 deduction. At age of 11, he started investing in Stocks and made good money through it. At the age of 14, he bought 40 acre land with $1,200 of his savings. Buffett had $9,800 in savings by the time he finished his college. He graduated with a Bachelor of Science in Business Administration and Master of Science in Economics.

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Buffett worked at Buffett-Falk & Co. as an investment salesman from 1951 – 1954 and then at Graham-Newman Corp. as a securities analyst from 1954 – 1956.  He was general partner at Buffett Partnership from 1956 to 1969 and from 1970 as Chairman and CEO of Berkshire Hathaway Inc. While working full time he made many thoughtful investments which gave him very good returns.

Family

Buffett was smitten with a young woman in 1949 whose boyfriend had a ukulele. To impress her, he bought one of the instruments and has been playing it ever since. He could not get her but his love for music grew. In 1952, Buffett married Susan Thompsonand together they had three children, Susie, Howard and Peter. 25 years later from 1977, they began living separately but remained married until Susan Buffett's death in July 2004. On his 76th birthday, Buffett married his longtime companion, Astrid Menks in 2006. Since his wife's departure to San Francisco in 1977, she had lived with him. All three had good understanding and lived peacefully.

Below are a few inspirational Success Quotes by Warren Buffett.

  • It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price. -Warren Buffett Quotes
  • Someone is sitting in the shade today because someone planted a tree a long time ago. -Warren Buffett Quotes
  • Price is what you pay. Value is what you get. -Warren Buffett Quotes
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  • It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently. -Warren Buffett Quotes
  • Someone is sitting in the shade today because someone planted a tree a long time ago. -Warren Buffett Quotes
  • You only have to do a very few things right in your life so long as you don't do too many things wrong. -Warren Buffett Quotes
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  • Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway. -Warren Buffett Quotes
  • Our favorite holding period is forever. -Warren Buffett Quotes
  • Time is the friend of the wonderful company, the enemy of the mediocre. -Warren Buffett Quotes
  • Derivatives are financial weapons of mass destruction. -Warren Buffett Quotes
  • Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks -Warren Buffett Quotes
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  • warren buffett quote
  • Beware of geeks bearing formulas. -Warren Buffett Quotes
  • If past history was all there was to the game, the richest people would be librarians. -Warren Buffett Quotes
  • There seems to be some perverse human characteristic that likes to make easy things difficult. -Warren Buffett Quotes
  • In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497. -Warren Buffett Quotes
  • Basically, when you get to my age, you'll really measure your success in life by how many of the people you want to have love you actually do love you. -Warren Buffett Quotes
  • A public-opinion poll is no substitute for thought. -Warren Buffett Quotes
  • You know, people talk about this being an uncertain time. You know, all time is uncertain. I mean, it was uncertain back in - in 2007, we just didn't know it was uncertain. It was - uncertain on September 10th, 2001. It was uncertain on October 18th, 1987, you just didn't know it. -Warren Buffett Quotes
  • 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. -Warren Buffett Quotes
  • We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.' -Warren Buffett Quotes
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  • I bought a company in the mid-'90s called Dexter Shoe and paid $400 million for it. And it went to zero. And I gave about $400 million worth of Berkshire stock, which is probably now worth $400 billion. But I've made lots of dumb decisions. That's part of the game. -Warren Buffett Quotes
  • If anything, taxes for the lower and middle class and maybe even the upper middle class should even probably be cut further. But I think that people at the high end - people like myself - should be paying a lot more in taxes. We have it better than we've ever had it. -Warren Buffett Quotes
  • Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation. -Warren Buffett Quotes
  • The investor of today does not profit from yesterday's growth. -Warren Buffett Quotes
  • The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective. -Warren Buffett Quotes
  • I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here. -Warren Buffett Quotes
  • The only time to buy these is on a day with no 'y' in it. -Warren Buffett Quotes
  • I just think that - when a country needs more income and we do, we're only taking in 15 percent of GDP, I mean, that - that - when a country needs more income, they should get it from the people that have it. -Warren Buffett Quotes
  • The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on. -Warren Buffett Quotes
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  • I just think that - when a country needs more income and we do, we're only taking in 15 percent of GDP, I mean, that - that - when a country needs more income, they should get it from the people that have it. -Warren Buffett Quotes
  • The only time to buy these is on a day with no 'y' in it. -Warren Buffett Quotes
  • You have no ability, if you're a financial institution and you're threatened with criminal prosecution, you have no ability to negotiate. -Warren Buffett Quotes
  • Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We'll break out of it. It takes time. -Warren Buffett Quotes
  • I am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board. -Warren Buffett Quotes
  • There are 309 million people out there that are trying to improve their lot in life. And we've got a system that allows them to do it. -Warren Buffett Quotes
  • I would say the most satisfying thing actually is watching my three children each pick up on their own interests and work many more hours per week than most people that have jobs at trying to intelligently give away that money in fields that they particularly care about. -Warren Buffett Quotes

Related:Inspirational Quotes

Philanthropy

Buffett is a passionate bridge player and spends nearly 12 hours a week. He is a devoted, all-time follower of Nebraska football and he tries to attend as many games as his schedule permits. His speeches are usually a mixture of business discussions with humor. In 2011, President Barack Obama awarded him the Presidential Medal of Freedom. Buffett, Bill Gates, and Mark Zuckerberg signed the "Gates-Buffett Giving Pledge"in 2010, through which they promised to give away at least half of their wealth for charity and invited other wealthy people to follow the suit. Warren Buffett continues to help fund and support his family's individual foundations including Susan Buffett's Susan Thompson Buffett Foundation, Susan Alice Buffett's Sherwood Foundation, Howard Graham Buffett's Howard G. Buffett Foundation, Peter Buffett's NoVo Foundation and Doris Buffett's Letters Foundation and Learning By Giving Foundation.

Warren Buffett is not just a successful, richest businessman but a highly regarded personality that the world looks up to. He is the second highest charity giver. His life inspires many to dream big and work for success. Insight on Warren Buffett’s life suggests saving money from an early age and starting to invest early to reap good returns.  Only if you take risks, can you achieve great things. These quotes motivate and boost the energy of the readers. To inspire your family, friends, colleagues and well wishers, share these success quotes with them. Let all grow together and make a successful life.

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