Warren Buffett quotes on success – this collection draws from the large collection of wit and wisdom from Warren Buffett. The following quotes focus on what he has to say about success in life:
As one of the Indianopolis ‘500’ winners said, ‘To finish first, you must first finish.’
- This was Warren’s exhortation against taking on debt. He was never in a hurry to make a lot of money, and did not like the minor chance that taking on debt might throw him out of the game completely.
We will continue to ignore political and economic forecasts, which are an expensive distraction for many investors and businessmen… Fear is the foe of the faddist, but the friend of the fundamentalist.
An intelligent person can make more money over time thinking about productive assets rather than speculating in commodities. If we had done only oil from the beginning, we would not have done any better than what we have done. What we have done is much easier than what you are trying to do – and we like easy. Don’t know how to get an edge in that activity; don’t know people who actually have an edge in trading oil.
- This was Warren musing on how difficult it is to try to time the oil market.
Warren Buffett Success Quote
Secret of success in a field is getting very interested in it. Every Thanksgiving, Ajit flies to London, because they don’t have a Thanksgiving holiday. (Working hard was really the secret behind how Warren Buffett beat the market)
Doing a lot of reading — I did a lot of reading; practically lived in the Omaha Public Library for 3-4 years as a teenager
Find something you are passionate about early on and work on improving your skills, will do much better later on.
Anything you can do to improve your own skills will pay off
- The one diploma he has hanging in his office: Dale Carnegie diploma that cost him $100 back in 1951.
- Communication skills the first you would work on to enhance your value throughout life no matter what you do. If had stayed in same position he was in back in 1951, his life would have turned out very differently.