Whether you’ve dealt in the markets or not, the person who comes to everyone’s mind when you ask them to name a successful investor would be… Mr. Warren Buffett.
After all, he’s the richest investor in the world, bar none, and made most of his wealth through prudent investing principles.
If you’re a big fan of Warren Buffett like I am, you’d have read tomes of books about him, tried to understand and assimilate his investing mindset, and read or heard countless quotes about how he does things – be it in his personal life or in investing.
I’ve dug out 8 Buffett quotes that aren’t so popular, but are nonetheless brilliant, and I’d like to share it with you in this article. Now, I can’t ascertain if these are REALLY said by the man himself, but they are still good advice to follow! So, read on!
The Right Company Will Bring You The Right Results
“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.”
Always Talk and Act in a Professional Way
“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 Better to Do Nothing Than To Do the Wrong Thing
“You do things when the opportunities come along. I’ve had periods in my life when I’ve had a bundle of ideas come along, and I’ve had long dry spells. If I get an idea next week, I’ll do something. If not, I won’t do a damn thing.”
“Honesty is a very expensive gift, don’t expect it from cheap people.”
On Taking Risks – Be Smart About It!
“Never test the depth of the water with both feet.”
Break Bad Habits Early
“Chains of habit are too light to be felt until they are too heavy to be broken.”
“The only way to get love is to be lovable. It’s very irritating if you have a lot of money. You’d like to think you could write a check: ‘I’ll buy a million dollars’ worth of love.’ But it doesn’t work that way. The more you give love away, the more you get.”
Dismount A Drowning Endeavor Rather Than Trying to Save It and Hoping It Will Turn Around
“Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.”
[feature image credits: flickr.com]