The Tao of Warren Buffett

You may have heard over the weekend that Warren Buffett (age 94), the highly successful American investor, philanthropist, and CEO of Berkshire Hathaway, announced his retirement at the end of this year.   It has been said that 99% of his $169 billion net worth was built after his 65th birthday.  Mr. Buffett's success, combined with his down-to-earth personality and self-deprecating humor, has made him a widely recognized figure and an approachable role model for aspiring investors and entrepreneurs.  He owes his success to hard work, integrity, and the most elusive commodity of all, common sense. We at Filigree Wealth Advisors celebrate the greatness of this legendary investor.  Here are just a few of our favorite quotes from Mr. Buffett over the years.  

 “The most important thing to do if you find yourself in a hole is to stop digging.”

“The stock market is a device for transferring money from the impatient to the patient.”

“Be fearful when others are greedy, and greedy when others are fearful.”

“Stocks do not know you own them.”  (nor at what price you purchased them)

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

“It is insane to risk what you have and need in order to obtain what you don’t need,”

"The difference between successful people and really successful people is that really successful people say 'no' to almost everything."

“You can’t make a good deal with a bad person.”

“It’s only when the tide goes out that you learn who’s been swimming naked.”

“If you don’t find a way to make money while you sleep, you will work until you die.”

“Despite our citizens’ penchant — almost enthusiasm — for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America,”

Thank you, Mr. Buffett, for your wisdom and leadership.   If you would like to enjoy more quotes from Mr. Buffett, we recommend “The Tao of Warren Buffett”, by Mary Buffett & David Clark.