Warren Edward Buffett is unarguably one of the most successful investors of all time. He is a firm believer of the value investing.
Buffett is the third richest person in the world as per the Forbes magazine ranking of September, 2007. His wealth is estimated to be more than $52 billion. Some people call him "Sage of Omaha" or "Oracle of Omaha".
During his Masters degree in economics at Columbia University he studied under Benjamin Graham, the value investor guru. Two other famous value investors - Walter Schloss and Irving Kahn also studied during the same time under Graham.
He is perhaps the biggest financial donator and has committed more than $25 billion. Much of it will be going to the Bill and Melinda Gates Foundation. The foundation is formed by his friend and the world’s richest person Bill Gates.
Recently people started losing faith in Buffett & value investing because of the dot-com bubble and Buffett’s decision to be away from the information technology stocks. His conservative investing style made him miss a big opportunity. But the dot-com crash once again proved that Buffett's strategies are best in long term.
Some of the famous quotes from Mr. Buffett are presented below.
His views on investing:
His views on people:
Buffett is the third richest person in the world as per the Forbes magazine ranking of September, 2007. His wealth is estimated to be more than $52 billion. Some people call him "Sage of Omaha" or "Oracle of Omaha".
During his Masters degree in economics at Columbia University he studied under Benjamin Graham, the value investor guru. Two other famous value investors - Walter Schloss and Irving Kahn also studied during the same time under Graham.
He is perhaps the biggest financial donator and has committed more than $25 billion. Much of it will be going to the Bill and Melinda Gates Foundation. The foundation is formed by his friend and the world’s richest person Bill Gates.
Recently people started losing faith in Buffett & value investing because of the dot-com bubble and Buffett’s decision to be away from the information technology stocks. His conservative investing style made him miss a big opportunity. But the dot-com crash once again proved that Buffett's strategies are best in long term.Some of the famous quotes from Mr. Buffett are presented below.
His views on investing:
If you have a harem of 40 women, you never get to know any of them very well.
You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right.
Unless you can watch your stock holding decline by 50% without becoming panic-stricken, you should not be in the stock market.
The critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price.
Risk can be greatly reduced by concentrating on only a few holdings.
Be fearful when others are greedy and greedy only when others are fearful.
It is optimism that is the enemy of the rational buyer.An investor should ordinarily hold a small piece of an outstanding business with the same tenacity that an owner would exhibit if he owned all of that business.
His views on people:
In evaluating people, you look for three qualities: integrity, intelligence, and energy. If you don't have the first, the other two will kill you.
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