"Our favorite holding period is forever." (1988)
Learning: Long-term investing is key.
Learning: Long-term investing is key.
"Price is what you pay. Value is what you get." (2008)
Learning: Focus on the intrinsic value of investments.
Learning: Focus on the intrinsic value of investments.
"In the business world, the rearview mirror is always clearer than the windshield." (1999)
Learning: Learn from past mistakes and successes.
Learning: Learn from past mistakes and successes.
"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." (1998)
Learning: Surround yourself with positive influences.
Learning: Surround yourself with positive influences.
"The most important thing to do if you find yourself in a hole is to stop digging." (2004)
Learning: Avoid compounding losses.
Learning: Avoid compounding losses.
"The stock market is a device for transferring money from the impatient to the patient." (1997)
Learning: Patience is a virtue in investing.
Learning: Patience is a virtue in investing.
"You only have to do a very few things right in your life so long as you don't do too many things wrong." (2010)
Learning: Focus on the important things and avoid mistakes.
Learning: Focus on the important things and avoid mistakes.
"The difference between successful people and really successful people is that really successful people say no to almost everything." (2008)
Learning: Focus on a few high-quality investments rather than many low-quality ones.
Learning: Focus on a few high-quality investments rather than many low-quality ones.
"Risk comes from not knowing what you're doing." (2005)
Learning: Educate yourself and understand the risks.
Learning: Educate yourself and understand the risks.
"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price." (1989)
Learning: Quality is more important than a low price
Learning: Quality is more important than a low price
"We will reject interesting opportunities rather than over-leverage our balance sheet." (2011)
Learning: Avoid taking on too much debt
Learning: Avoid taking on too much debt
"In the world of business, the people who are most successful are those who are doing what they love." (1998)
Learning: Pursue your passions in investing
Learning: Pursue your passions in investing
"Only when the tide goes out do you discover who's been swimming naked." (1992)
Learning: Hidden weaknesses are exposed during market downturns
Learning: Hidden weaknesses are exposed during market downturns
"You can't make a good deal with a bad person." (2003)
Learning: Invest in companies with strong management teams that prioritize ethical behavior.
Learning: Invest in companies with strong management teams that prioritize ethical behavior.
"The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table." (1990)
Learning: Short-term market fluctuations provide opportunities to purchase great companies at discounted prices
Learning: Short-term market fluctuations provide opportunities to purchase great companies at discounted prices
Key learnings from Warren Buffett is that it's important to focus on long-term value, be patient, and avoid over-leveraging or taking unnecessary risks.
For more follow me on @divyamittal_IAS
For more follow me on @divyamittal_IAS
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