100+ Famous Warren Buffett Quotes That Will Change the Way You Think About Money

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

"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."

"Our favorite holding period is forever."

"Price is what you pay. Value is what you get."

"Be fearful when others are greedy and greedy when others are fearful."

"The intelligent investor is a realist who sells to optimists and buys from pessimists."

"Only when the tide goes out do you discover who's been swimming naked."

"It takes 20 years to build a reputation and five minutes to ruin it."

"Risk comes from not knowing what you're doing."

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

"The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective."

"Time is the friend of the wonderful business, the enemy of the mediocre."

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

"It's not supposed to be easy. Anyone who finds it easy is stupid."

"You only have to do a very few things right in your life so long as you don't do too many things wrong."

"The biggest risk is not knowing what you're doing."

"In investing, you not only want to be right, you want to be significantly right."

"When we own portions of outstanding businesses with outstanding management, our favorite holding period is forever."

"It's easy to be a hero when there's no war."

"The further back you can look, the farther forward you are likely to see."

"The best thing that happens when you get rich is that you can do more good."

"The stock market is a no-called-strike game. You don't have to swing at everything – you can wait for your pitch."

"The most important quality for an investor is temperament, not intellect."

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

"Hiring someone over whom you need to keep an eye is like marrying someone you hope will change after the wedding."

"I look for three things in hiring people. I look for intelligence, energy, and integrity. And if they don't have the last one, the first two will kill you."

"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."

"Leadership is not about being in charge. It is about taking care of those in your charge."

"A public-opinion poll is no substitute for thought."

"The hard part isn't making decisions. It's knowing what to decide."

"It's only when the wind blows that you know who built castles on sand."

"The reputation of a thousand years may be determined by the conduct of one hour."

"We believe that a manager's job is to maximize the long-term value of the enterprise."

"The best investment you can make is in yourself."

"If you can’t communicate, the skill doesn’t exist."

"You can't produce a baby in one month by getting nine women pregnant."

"The essence of investment management is the management of risks, not returns."

"Simple ain't easy."

"If you can't explain it simply, you don't understand it well enough."

"The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective."

"There seems to be some perverse human characteristic that likes to make easy things difficult."

"The most important thing to remember is that stocks are not pieces of paper. They represent ownership in a business."

"Keep things simple. Don't swing at every pitch."

"We try to simplify everything as much as possible. Complexity isn’t our goal."

"The big ideas in investing are really quite simple."

"The truth is usually simpler than fiction."

"Clear thinking is essential. Confusion leads to poor decisions."

"If something is too complicated to understand, avoid it."

"The more you learn, the more you earn."

"Someone's sitting in the shade today because someone planted a tree a long time ago."

"The best investment you can make is in yourself."

"Read 500 pages like this every day. That's how knowledge works. It builds up, like compound interest."

"Continuous learning is the minimum requirement for success in any field."

"I didn't learn to succeed from my successes. I learned from my mistakes."

"Develop your own skills. No one can take them away from you."

"Knowledge compounds. The more you know, the more you can learn."

"Stay curious. Curiosity is the engine of achievement."

"Don't wait to buy stocks. Buy stocks and wait."

"The ability to learn faster than your competitors may be the only sustainable competitive advantage."

"Improve yourself every day. Even 1% adds up over time."

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

"If you buy things you do not need, soon you will have to sell things you need."

"It's not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for."

"The richest people in the world look at money differently than the rest of us."

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

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

"Wealth is the ability to fully experience life."

"Money is only a way of keeping score. I like the game."

"The stock market is a device for transferring wealth from the impatient to the patient."

"Never depend on a single income. Make an investment to create a second source."

"The best asset you can have is a passion for lifelong learning."

"The size of your wallet should never determine the size of your heart."

"Someone's sitting in the shade today because someone planted a tree a long time ago."

"Our favorite holding period is forever."

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

"The market is a pendulum that forever swings between unsustainable optimism and unjustified pessimism."

"Time is the friend of the wonderful business, the enemy of the mediocre."

"The power of compound interest is the eighth wonder of the world."

"Long-term thinking separates winners from losers."

"It takes time to build trust, but only seconds to destroy it."

"The best time to plant a tree was 20 years ago. The second-best time is now."

"Success in investing is not correlated with IQ. Once you have ordinary intelligence, what you need is the temperament to control your impulses."

"Compounding is like pushing a snowball down a hill. The longer the hill, the bigger the snowball."

"The future belongs to those who prepare for it today."

"It's good to learn from your mistakes. It's better to learn from other people's mistakes."

"I've made billions more by not following the crowd than by following it."

"The most important thing I learned was what not to do."

"All I want to know is where I'm going to die so I'll never go there."

"The biggest mistakes we've made were not of commission, but of omission."

"Losing money is the only sin in investing."

"It's remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent."

"I measure success by how many people want to be with me when I'm old."

"Failure is a great teacher. Humility is a great lesson."

"I don't look to jump over seven-foot bars. I look around for one-foot hurdles I can step over."

"The chains of habit are too light to be felt until they are too heavy to be broken."

"The rearview mirror is always clearer than the windshield."

"In looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if they don't have the first, the other two will kill you."

"It takes 20 years to build a reputation and five minutes to ruin it."

"You should invest in yourself before anything else."

"The golden rule applies: If you can’t feel good about an action if it gets published on the front page of the newspaper, don’t do it."

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

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

"Trust is like air. When it’s present, nobody notices. When it’s absent, it’s the only thing people think about."

"Your integrity is your most valuable possession. Guard it with your life."

"The way you get meaning into your life is to devote yourself to loving others, to your community, and to creating something that gives you purpose."

"The best way to predict the future is to create it."

"Reputation, once it is lost, is almost impossible to regain."

"Character is what you are in the dark."

"The most important investment you can make is in yourself."

"Live each day as if it were your last, but plan as if you’ll live forever."

"Happiness is not a function of how much you have. It's a function of who you are."

"The two most important days in your life are the day you are born and the day you find out why."

"If you want to be happy, set a goal that commands your thoughts, liberates your energy, and inspires your hopes."

"The size of your bank account doesn’t define your worth."

"People who are happy are those who give rather than receive."

"Find work you love, and you’ll never work a day in your life."

"The quality of your life is determined by the quality of your relationships."

"Don’t chase money. Chase excellence, and money will follow."

"True happiness comes from contributing to something greater than yourself."

"Life is like riding a bicycle. To keep your balance, you must keep moving."