Warren Buffett, investor extraordinaire, Chairman of Berkshire Harthaway, and amongst the world’s richest men. He is also a human quote machine, sprewling bite size pieces of concentrated wisdom wherever he goes.
I like to share some of my favourites. These are quotes that educated me, quotes that made me see things in a different light and quotes that moved me in little ways. Here is Warren at his very best.
1. Price is what you pay, value is what you get.
This one never ever gets old. These are the ten words that I fall back on every time I stop to ponder a purchasing decision. Be it socks or stocks, boots or boats, horses or houses, keep your mind wrapped around the concept of value and you will never go wrong.
2. Risk comes from not knowing what you are doing.
During a recent Christmas meet up of old friends, the conversation drifted to investing in stocks. Penny stocks to be precise. Penny stocks are risky, a friend proclaimed. For sure, another agreed.
Well my friends, if you are reading this, penny stocks are more volatile indeed. That is their characteristic and there is no running away. The risk element however, evolves from you …read more