Buffett’s most classic quotes

1. The first investment principle: independent thinking and inner peace.

2. Be vigilant when others are greedy, and be greedy when others are vigilant.

3. "Being a good investor does not require a high IQ", but only requires "the ability not to follow the herd easily".

4. Don’t “speculate” in stocks. You have to buy value and never sell.

5. If you invest in stocks, it is recommended that you do not invest in more than 20 stocks.

6. If you are among the luckiest 1 among human beings, then you should consider the other 99 people. This is what you should do.

7. Beware of fear, arrogance, and irritability.

8. The first principle of investment is never to lose money, and the second principle is to remember the first principle.

9. If you don’t plan to hold a stock for ten years, don’t hold it for ten minutes; my favorite holding time is...forever!

10. You must be fully prepared financially and psychologically to cope with the vagaries of the stock market. If you cannot watch the stock you bought fall to half of the price you bought it, , and can plan your investments calmly, you shouldn’t play this game.

11. You should regard stocks as many small business parts, regard market fluctuations as your friends rather than enemies, and profits sometimes come from foolish loyalty to friends rather than participation in market fluctuations. , and the concept of 'margin of safety', the most important words about investment.

12. People buy stocks and decide whether their investment is correct based on the rise or fall of the stock price the next morning. This is nonsense.

13. What you buy is not a stock, you buy a part of the business.

14. We basically don’t do due diligence. Our due diligence is basically looking into their eyes.

15. How much wealth you can accumulate in your life does not depend on how much money you can make, but on how you invest and manage money. It is better to find people for money than for people to find money. You must understand that money works for you, not you. Work for money.

16. For the best deals, at the beginning, judging from the numbers, they will almost tell you not to buy them.

17. We have achieved what we have now because we are concerned with finding those one-foot obstacles that we can cross, rather than having the ability to fly seven feet.

18. It is foolish to own a stock and expect it to go up next morning.

19. Even if Federal Reserve Chairman Greenspan secretly tells me his monetary policy for the next two years, I will not change any of my actions.

20. Many things will be profitable to do, but you must insist on doing only those things within your own abilities. There is no way for us to knock down Tyson.