Successful Money Advice by Warren Buffett

Moneywatch101, Personal Finance, Money, Life, Debt, Savings

Invest like the best!

Warren Buffett is one of the richest men in the world. He began from humble beginnings, but grew to the upper echelon by buying paper assets and businesses. He started very early and never looked back, because he believes in long-term buy and hold investment strategies. I wanted to do a post on all the advice I have read from the oracle of Omaha aka Warren Buffett. Anything of value I can find, I will share with all of you. It could be his money tips, investment quotes, or news articles. What I want you to capture in this post is that his experience and knowledge is unmatched in today’s society, and this advice will still be relevant 50 years from now.

The company he currently manages called Berkshire Hathaway had a stock price of $22 per share in 1966 and today it is worth $168, 000 per share. No other company in the history of investing has had this type of growth, and it will only help you to see what kind of value he created for his shareholders throughout the years. His philosophy is pegged on buying companies including the shares of other companies that have a 25% bargain when compared to their intrinsic value. If certain companies meet his criteria for investing he buys them long-term, and companies with a competitive advantage have a preference above all others. He has been a big proponent of stating that he likes to buy company’s stocks and hold it forever (Long Term), but in the media it has been reported that his company has sold some positions in the last 3 years. So this is the only contradictory piece of advice I have noticed from Mr. Buffett.

This man is in a position of great power and has billions of dollars in his possession, but he continues to work day in and day out. I admire his drive and dedication to staying the course and fulfilling his life’s purpose even at the ripe old age of 83. I do not know if many can match this dedication towards work and philanthropy. In addition to his excellent work ethic, Mr. Buffett plans to donate 99% of his Net Worth to charity and believes in the power of giving back to society. This man has built the perfect reputation and the proof is in the facts, as the most recent charity auction yielded 3 million dollars to have lunch with Mr. Buffett. All of the proceeds went to charity.

Successful Money Advice by Warren Buffett

Warren Buffett Quotes:

The first rule of investing is not to lose money; the second rule is to remember the first one.

You should invest in businesses so good that even a fool can run them, because someday a fool will.

Price is what you pay, Value is what you get.

You only have to do a very few things right in your life so long as you don’t do too many things wrong.

Our favorite holding period is forever.

99% of what I have will go back to society, because I’ve been treated extraordinarily well by society.

I will keep working until about 5 years after I die. (On leaving a Will)

The perfect amount is enough money so they would feel they could do anything, but not so much that they could do nothing. (On leaving an inheritance to children)

Investors they should try to be fearful when others are greedy and greedy only when others are fearful

Wall street is the only place that people drive in to in a Rolls Royce to get advice from people who take the subway.