These Words of Wisdom from Warren Buffett Crystalize His Investment Knowledge

Warren Buffett is arguably the greatest investor of all time having amassed a net worth of over $60 billion from his investing skill…and the 107 words of wisdom in this article crystalize decades of investment knowledge from the best in the business.

Quote #1 below succinctly sums up Buffett’s investment philosophy:

“We select such investments on a long-term basis, weighing the same factors as would be involved in the purchase of 100% of an operating business:

(1) favorable long-term economic characteristics;
(2) competent and honest management;
(3) purchase price attractive when measured against the yardstick of value to a private owner; and
(4) an industry with which we are familiar and whose long-term business characteristics we feel competent to judge.”

That’s it. That’s the basic ‘secret formula’ to Warren Buffett’s $60 billion fortune but there’s much more detail to his investment philosophy than the quote above provides.

The 106 remaining Warren Buffett quotes in this article paint a clearer picture of Buffett’s thinking. The article is organized by category. The Buffett quote categories are listed below. Click on a section to read it immediately, or read the whole article in order:

• Long-Term Investing
• Do Nothing Investing
• Circle of Competence
• Great Businesses & Competitive Advantages
• When to Buy
• When to Sell
• Risk & Leverage
• Personal Finance & Life Tips
• Charity & Legacy
• History & Forecasting
• Bull Markets & Crowd Thinking
• Investing Tips
• Management
• Final Thoughts

Disclosure: The original article, by Ben Reynolds (SureDividend.com), was edited ([ ]) and abridged (…) by the editorial team at munKNEE.com (Your Key to Making Money!) to provide a fast and easy read.

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