Warren Buffet Advice & Quotes

WB's quotes capture the essence of life. They are pithy and can help you stay upright when markets are chaotic.

Here are some of our favorites as they apply to our biotech approach.

"Risk comes from not knowing what you are doing."

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

“Never invest in a business you cannot understand.”

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

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

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

“If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.”

Warren Buffett's Advice: Why You Should Buy and Hold (from Phil)

“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.”

Warren Buffett on 'More Important to Do Good'

“Basically, when you get to my age, you’ll really measure your success in life by how many of the people you want to have love you actually do love you.”

“If you get to my age in life and nobody thinks well of you, I don’t care how big your bank account is, your life is a disaster.”

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

“…not doing what we love in the name of greed is very poor management of our lives.”

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

Quotes from Others

“People waste their time pondering whether a glass is half empty or half full. Me, I just drink whatever’s in the glass.”

Sophia Petrillo – The Golden Girls

“The only truly affluent are those who do not want more than they have.”

Erich Fromm

“When charisma continually outpaces character, disaster is waiting.”

Frugal Norwegian