Yesterday, the world of finance stopped for a moment: Warren Buffettthe legendary investor and president of Berkshire Hathaway, officially announced his retirement to the 94 years. With more than seven decades leaving a mark on the markets and in the minds of millions of investors, Buffett not only built one of the most solid financial empires in the world, but also gave us a timeless wisdom that has transcended generations.
His phrases, as clear as forceful, have served as a compass to those who seek to invest with common sense, patience and long -term vision. In this post, we collect some of its most memorable appointments, those that summarize its investment philosophy and its way of understanding life and businesses.
Because if Buffett has demonstrated something throughout his career, it is that financial intelligence is not only in numbers, but also in Common sense, humility and coherence.
Let’s go there with your best sentences:
«When I buy an action, I don’t care if tomorrow they close the bag for a couple of yearsbecause I am waiting for the business, Coca-Cola or whatever, you will produce yields in the future. Now, if I care that the bag is open tomorrow, then to some extent I am speculating, because I am thinking about whether the price goes to the tomorrow or not. »
«If you have no influence, don’t get into trouble. That is the only way an intelligent person can be ruined, basically. And I have always said: ‘If you are intelligent, you don’t need it; And if you are silly, you should not use it ».
«The public may not understand actions, it may not understand tulips, but understand houses. They wanted to buy one and, with financing, they could borrow to infinity. A bubble was created as we had never seen ». (Buffett added that bubbles are formed when people believe a solid premise, such as “housing prices rise over time” or “actions behave better than bonds”, but that premise is distorted and end up focusing solely on the evolution of prices).
«There is rarely a single cockroach in the kitchen. You turn on the light and, suddenly, they begin to run all. I couldn’t find the light switch, but I had seen one ». (He reflected on his concern for the arbitration of public credit by Freddie Mac).
«The most important decision when evaluating a business is the power setting power. If you have the power to raise prices without losing business in front of a competitor, you have a very good business. And if you need to make a praying session before uploading the price a tenth of cent, then you have a terrible business. I have been in both and I know the difference ».
“When a brilliant manager is plugged into a business with a reputation for bad economic practices, what is intact is the reputation of the business.”
«The nature of Wall Street is that, in general, he wins big money In relation to the number of people involved, in Relationship with intellectual coefficient of the people involved and in relation to spent energy ».
“When people charge between 200,000 and 300,000 dollars a year for being in a board of directors, and they expect them to put them in some other advice to get another 200,000 or 300,000 dollars a year, they will not be precisely Dberman in terms of monitoring things.”
«The media, investors, the mortgage leaders, the American public, I, my neighbor, the qualification agencies, the Congress, whatever, people came to believe that housing prices could not fall significantly. And as was the largest kind of assets in the country, and it was the easiest class to borrow, the greatest bubble in our history was probably created.
«The media, investors, the mortgage leaders, the American public, I, my neighbor, the qualification agencies, the Congress, whatever, people came to believe that housing prices could not fall significantly. And as was the largest kind of assets in the country, and it was the easiest class to borrow, the greatest bubble in our history was probably created.
Source: www.businessinsider.es and several