Warren Buffett – Coaching Quotes and Tips

Warren Buffett’s Advice

Warren Buffett – Coaching Quotes and Tips – Contents

  • Career Advice Quotes by Warren Buffett
  • Business Advice Quotes by Warren Buffett
  • Financial Advice Quotes by Warren Buffett
  • Warren Buffett Biography
  • Interesting Facts and Insights about Warren Buffett
  • Warren Buffett Inspirational Quotes
  • Berkshire Hathaway
  • Books about Warren Buffett
  • Common Questions about Warren Buffett
  • Videos about Warren Buffett
  • Warren Buffett Quotes

Career Advice Quotes by Warren Buffett

“Never give up searching for the job that you are passionate about”

“It’s better to hang out with people better than you.”

“No matter how great the talent or efforts, some things take time.”

“People always ask me where they should go to work, and I always tell them to go to work for whom they admire the most.”

“It is not necessary to do extraordinary things to get extraordinary results.”

“You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.”

“The difference between successful people and really successful people is that really successful people say no to almost everything.”

“It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.”

“Tell me who your heroes are and I’ll tell you who you’ll turn out to be.”

“Chains of habit are too light to be felt until they are too heavy to be broken.”

“Honesty is a very expensive gift. Don’t expect it from cheap people.”

“Read 500 pages every day. That’s how knowledge works. It builds up, like compound interest.”

“The best thing I did was to choose the right heroes.”

– Warren Buffett

Business Advice Quotes by Warren Buffett

“I learned to go into business only with people whom I like, trust, and admire.”

“Risk comes from not knowing what you’re doing.”

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

“Beware of geeks bearing formulas.”

“Beware the investment activity that produces applause; the great moves are usually greeted by yawns.”

“Time is the friend of the wonderful company, the enemy of the mediocre.”

“Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.”

“In the world of business, the people who are most successful are those who are doing what they love.”

“It’s never paid to bet against America. We come through things, but it is not always a smooth ride.”

“It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.”

– Warren Buffett

Financial Advice Quotes by Warren Buffett

“Do not save what is left after spending; instead spend what is left after saving.”

“It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”

“Price is what you pay. Value is what you get.”

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

“Buy a stock the way you would buy a house. Understand and like it such that you’d be content to own it in the absence of any market.”

“Wide diversification is only required when investors do not understand what they are doing.”

“The stock market is designed to transfer money from the active to the patient.”

“Remember that the stock market is a manic depressive.”

“Be fearful when others are greedy and to be greedy only when others are fearful.”

“Our favorite holding period is forever.”

“If past history was all there was to the game, the richest people would be librarians.”

“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”

“Diversification is protection against ignorance. It makes little sense if you know what you are doing.”

“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”

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

“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.'”

“Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.”

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

“The investor of today does not profit from yesterday’s growth.”

– Warren Buffett

Warren Buffett Biography

Warren Buffett (born 1930) is an American business magnate, investor, and philanthropist. He is considered one of the most successful investors in the world and has a net worth of over US$80 billion, making him one of the wealthiest people in the world.

Buffett first took control of Berkshire Hathaway Inc., in 1965. One Berkshire Hathaway share price at the time was $18. Fifty years later, the same one share is worth today over or around $200,000. The compounding investor capital is about 20% per year a multiplier or over 12,000 times.

Interesting Facts and Insights about Warren Buffett

  • First Stock: In 1942, at 11 years old, Buffett purchased his first shares for $38 apiece.
  • Age 16: By the time Warren Buffett turned 16, he had made the equivalent of $53,000.
  • Early Gigs: Buffett delivered newspapers every morning, selling used golf balls and collector stamps and polishing cars.
  • College Rejection: After graduating from the University of Nebraska, Buffett applied to Harvard Business School and was rejected.
  • Early Idols: Benjamin Graham “the father of value investing” and David Dodd
  • Home: Buffett lives in the same Omaha house he purchased in 1958 which he originally bought for $31,500. The house is a simple five-bedroom, 2.5-bathroom home.
  • Lunch with Buffett: Since 2000, Buffett has held an annual fundraiser, auctioning off a charity lunch with him. Some people have placed bids for more than $3.4 million. The winner gets to invite seven friends to lunch with Buffett.
  • Twitter: Buffett has a Twitter account (@WarrenBuffett) with more than 1.5 million followers. He follows Zero people. He has very few published tweets
  • Reading: Warren Buffett spends 80% of his day reading.
  • Philanthropy: Buffett has pledged to donate 85 % of his Berkshire Hathaway stocks to charitable foundations.
  • Philanthropic Donations: Buffett has donated over $2 billion to charitable foundations, thus far.
  • Presidential Medal: In 2011, Buffett was awarded the highest civilian honor, the “Presidential Medal of Freedom,” by President Barack Obama.
  • Investing Legend: Buffett has the best track record for beating the stock market average.
  • Humour: Warren Buffet likes to joke around. Buffett’s first-ever tweet was: “Warren in the house.”
  • Favorite Poem: When big declines occur in the stock market, Buffett reflects on the 1895 poem “If” by Rudyard Kipling.
    • “If you can keep your head when all about you are losing theirs
      If you can wait and not be tired by waiting
      If you can think — and not make thoughts your aim
      If you can trust yourself when all men doubt you
      Yours is the Earth and everything that’s in it.”
    • “If” by Rudyard Kipling.
  • Letters to Shareholders: Warren Buffett writes an annual letter to the shareholders of Berkshire Hathaway. They provide an extraordinary study on Berkshire’s success, Buffett shows an incredible willingness to share his methods and help educate his investors.

Berkshire Hathaway

Berkshire Hathaway Inc. is a conglomerate holding company headquartered in Omaha, Nebraska, United States. Berkshire Hathaway has averaged an annual growth in value of about 19% for its shareholders since 1965, compared to about 10% from the S&P 500. Warren Buffett serves as chairman and chief executive.

The company wholly owns GEICO, Duracell, Dairy Queen, BNSF, Lubrizol, Fruit of the Loom, Helzberg Diamonds, Long & Foster, FlightSafety International, Pampered Chef, and NetJets. Berkshire Hathaway also owns significant stock positions in Kraft Heinz Company, American Express, Wells Fargo, The Coca-Cola Company, Bank of America, and Apple. The company has large holdings in the major US airline carriers.

Berkshire also owns whole companies in a diverse range of industries including confectionery, retail, railroads, home furnishings, manufacturers of vacuum cleaners, jewelry sales, newspaper publishing, manufacture and distribution of uniforms, and several regional electric and gas utilities.

“The most important investment you can make is in yourself.”

– Warren Buffett

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President Barack Obama meets with Warren Buffett, in the Oval Office, 2011

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Books About Warren Buffett

  • Buffett: The Making of an American Capitalist, by Roger Lowenstein
    • A portrait of Warren Buffett’s uniquely life drawing on three years of access to Buffett’s family, friends, and colleagues to provide an inside account of his life and career.
  • The Warren Buffett Way, by Robert G. Hagstrom
    • Focuses on the ‘rules of thumb’ Buffett uses in his investing and uses case studies from Buffett’s portfolio to illustrate the Buffett’s rules.
  • The Warren Buffett CEO, by Robert P. Miles
    • This book focuses on Warren Buffett as a manager. The book shows how Buffett selects the CEOs for Berkshire’s subsidiaries and how he manages them.
  • The Essays of Warren Buffett: Lessons For Corporate America, by Warren Buffett & Lawrence Cunningham
    • Focuses on analyzing Warren Buffett’s annual shareholder letters and summarizing insights into key topics of interest to investors.
  • The Snowball: Warren Buffett and the Business of Life, by Alice Schroeder
    • Based on countless hours responding to questions, and providing access to his wife, children, friends, and business associates. It tells a fascinating American success story.

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

– Warren Buffett

Common Questions about Warren Buffett?

  • Why is Warren Buffett famous?
    • Warren Buffett is considered one of the most successful investors in the world and has a net worth of over US$80 billion making him one of the wealthiest people in the world.
  • What companies do Warren Buffett Own?
    • Buffett manages Berkshire Hathaway which is a diversified holding company with businesses operating in many different industries. Berkshire Hathaway also owns numerous private companies, but it also has substantial stock holdings in publicly traded companies, such as:
      • Coca-Cola
      • Kraft Heinz
      • IBM
      • American Express
      • Wells Fargo
      • Apple
  • How did Warren Buffett get so rich?
    • According to Alice Schroeder, the author of the Warren Buffett biography “The Snowball”, Warren Buffett’s Secrets for getting rich include:
      • Reinvest your Profits
      • Be different, do not follow the Herd
      • Negotiate the Deal upfront
      • Manage All your expenses, even the smallest
      • Limit your debt
      • Be Persistent
      • Know when to Quit
      • Understand the Risks in any everything you do
      • Know what success means for you.
  • Where is Warren Buffett’s home?
    • Warren Buffett lives in Omaha, Nebraska, in a house he bought in 1958 for $31,000.
  • How much does it cost to buy stock in Buffett’s company?
    • The most expensive publicly traded stock of all time is Warren Buffett’s Berkshire Hathaway (BRK.A), which is trading at about $300,000 per share. Check the internet for the latest updates on BRK stock price.

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“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

Videos about Warren Buffett

Warren Buffett reveals his investment strategy and mastering the market

Warren Buffett shares advice on becoming Successful

“Remember that the stock market is a manic depressive.”

– Warren Buffett

Photo Credit: USA White House [Public domain]