- Berkshire Hathaway CEO Warren Buffett introduced plans Saturday to step down as chief government by the top of the yr. The legendary investor will depart a long-lasting legacy and a worldwide following that swears by his phrases of knowledge. Fortune gathered a number of the greatest quotes from the “Oracle of Omaha.”
Berkshire Hathaway CEO Warren Buffett introduced to shareholders on the firm’s annual assembly Saturday that he expects to step down from his function as chief government by the top of the yr.
By Berkshire’s success, Buffett turned a star investor, amassing a loyal following that tracks his market strikes.
However not solely was Buffett, nicknamed the “Oracle of Omaha,” profitable in his investing, his wit and knowledge additionally spotlight his unprecedented profession.
Fortune compiled a few of his greatest quotes through the years:
- “When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever,” Buffett wrote in a 1988 shareholder letter commenting on latest investments into Coca-Cola and Freddie Mac.
- “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price,” he stated in a 1989 shareholder letter.
- “You know, Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway,” Buffett instructed The Los Angeles Instances in 1991.
- “It’s only when the tide goes out that you learn who’s been swimming naked,” he quipped in a 1992 shareholder letter.
- “Beware the investment activity that produces applause; the great moves are usually treated by yawns,” he warned in his 2008 shareholder letter amid the U.S. Treasury bond bubble.
- “A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful,” Buffett wrote in a 2008 New York Instances op-ed.
- “Our aversion to leverage has dampened our returns over the years. But Charlie [Munger] and I sleep well. Both of us believe it is insane to risk what you have and need in order to obtain what you don’t need,” he cautioned in his 2017 shareholder letter.
- “Despite our citizens’ penchant — almost enthusiasm — for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America,” Buffett stated in his 2022 shareholder letter.
This story was initially featured on Fortune.com
