What I Learned from Warren Buffett (2024)

FAQs

What we learn from history Warren Buffett? ›

Warren Buffett Quotes on Money

If I get an idea next week, I'll do something. If not, I won't do a damn thing.” "What we learn from history is that people don't learn from history." If past history was all that is needed to play the game of money, the richest people would be librarians."

Stick To What You Know

“Buffett keeps it simple. He only messes with stuff he understands,” Kleeman said. “He focuses on businesses and industries he knows well. Whether it's newspapers, Coca-Cola or insurance, he sticks to what he knows.”

Gates finally learned to cut his employees, and himself, some slack after catching a peek of the Berkshire Hathaway CEO's personal daybook. ″[I] remember Warren showing me his calendar ... he [still] has days that there's nothing on it,” Gates said, adding that Buffett's sparser schedule taught him an important lesson.

He is noted for his adherence to the principles of value investing, and his frugality despite his wealth. Buffett has pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Bill & Melinda Gates Foundation.

Through his philanthropic efforts, Buffett has funded initiatives in education, healthcare, poverty alleviation, and other critical areas across the globe, making a significant impact on the lives of millions.

Buffett's most commonly cited financial advice is as follows, “Rule №1: Never lose money. Rule №2: Never forget rule №1.” So, before investing, determine whether you can lose the money you're investing in.

A: Five rules drawn from Warren Buffett's wisdom for potentially building wealth include investing for the long term, staying informed, maintaining a competitive advantage, focusing on quality, and managing risk.

Buffett follows the Benjamin Graham school of value investing which looks for securities with prices that are unjustifiably low based on their intrinsic worth. Buffett looks at companies as a whole rather than focusing on the supply-and-demand intricacies of the stock market.

I read annual reports, and I read a lot of other things, too. So, I've always enjoyed reading. I love reading biographies, for example.” – Warren Buffett. So Buffett says he reads around 5-6 hours daily, including newspapers, magazines, 10Ks, annual reports, and biographies.

Understand how Buffett created a world-class board of directors. Explore fascinating aspects of his life, character, reputation and ethics. See how Buffett used a simple yet effective business valuation method and his five decades of acquisitions to successfully build Berkshire Hathaway.

Are Buffet and Gates still friends? ›

Warren Buffett and Bill Gates, who both rank high among the richest men in the world, have been friends for decades. It began in the 1990s and led to joint ventures and world-changing philanthropy. But in recent years, both their business and personal relationships have cooled.

Warren Buffett reportedly has an IQ of over 150 (anything past 140 is considered a genius), and while it has, no doubt, helped him become one of the world's richest men, the lesson here is to value emotional intelligence (EQ) just as highly.

Warren Buffett's exceptional intelligence is the result of a combination of factors. His insatiable intellectual curiosity, rational decision-making, value investing philosophy, and ability to surround himself with the right people have all contributed to his remarkable success.

Warren Edward Buffett, the legendary value investor, turned an ailing textile mill into a financial engine that powered what would become the world's most successful holding company.

28/02/2022. The German philosopher Georg Hegel famously said, "The only thing we learn from history is that we learn nothing from history."

“Invest in what you know” is a well-known financial mantra that has been coined by Lynch.

“All I want to know is where I'll die,” Charlie said often, “so I'll never go there.” Charlie Munger died on November 28 at the age of 99. Smart, funny, and effusive, Charlie largely hid these aspects of his personality to allow the public spotlight to shine brightest on his business partner and best friend.

It was proposed as a metric by investor Warren Buffett in 2001, who called it "probably the best single measure of where valuations stand at any given moment", and its modern form compares the capitalization of the US Wilshire 5000 index to US GDP.