Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.
People around the world are so fascinated with the legendary Buffett that they'll spend millions of dollars to eat lunch with him.
Here are 21 of the most interesting quotes from the "Oracle of Omaha."
Warren Buffett, the chairman of Omaha, Nebraska-based Berkshire Hathaway, is one of the most famous investors around. He has an estimated net worth of nearly $85 billion, making him the third-richest person in the world.
People around the world are so fascinated with the legendary Buffett that they'll spend millions of dollars to eat lunch with him. While you may not have that much money laying around, you can still learn from his brilliant mind by reading his famous quotes.
We've rounded up 21 brilliant quotes from the so-called Oracle of Omaha, and they're presented below.
"Don't watch the market closely," Buffett said during a wild bout of market volatility back in 2016.
He continued: "If they're trying to buy and sell stocks, and worry when they go down a little bit … and think they should maybe sell them when they go up, they're not going to have very good results."
"I insist on a lot of time being spent, almost every day, to just sit and think," he said.
He continued: "That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business.”
I'll give my children 'enough money so that they would feel they could do anything, but not so much that they could do nothing'
The perfect amount to leave to your kids, he told Fortune in 1986, is "enough money so that they would feel they could do anything, but not so much that they could do nothing."
'The light can at any time go from green to red without pausing at yellow'
"When major declines occur, they offer extraordinary opportunities to those who are not handicapped by debt," Buffett wrote in a letter to Berkshire Hathaway's shareholders in 2017, highlighting the argument against ever borrowing money to buy stocks.
He continued: "No one can tell you when these will happen. The light can at any time go from green to red without pausing at yellow."
Only invest in 'simple businesses' that you understand
In his 2014 letter to shareholders, Buffett laid out six criteria he applied to measure a company's fundamentals. One criterion is that he only invests in "simple businesses."
"If there’s lots of technology, we won’t understand it," he said
'Stocks [have] been so much more attractive than bonds'
"The one thing I'm sure of is that overtime, stocks from this level will beat bonds from this level," Buffett told CNBC's "Squawk Box" October 2017. "Stocks [have] been so much more attractive than bonds for a long time now."
"Cryptocurrencies will come to bad endings," Buffett said in Berkshire Hathaway’s annual meeting in 2018. "There’s nothing being produced in the way of value from the asset."
He continued: "It’s something where people who are of less-than-stellar character see an opportunity to clip people who were trying to get rich because their neighbor’s getting rich buying this stuff neither one of them understands."