Quote By Warren Buffett

Never invest in a business you cannot understand.

Renowned American Investor and Chairman of Berkshire Hathaway

Born: August 30, 1930

Warren Buffett, the legendary investor, exemplifies timeless wisdom in finance, amassing immense wealth through his prudent and patient approach to investing.

Explanation Of The Quote

This quote emphasizes the significance of knowledge and understanding in investing. Warren Buffett advises against investing in businesses or industries that individuals cannot comprehend, as it increases the risk of making poor investment decisions.

More Quotes By Warren Buffett

Buy a stock the way you would buy a house. Understand and like it such that you’d be content to own it in the absence of any market.

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Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.

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We don’t have to be smarter than the rest. We have to be more disciplined than the rest

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Someone is sitting in the shade of a tree today because someone planted a tree a long time ago.

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Risk comes from not knowing what you are doing.

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There is nothing wrong with a ‘know nothing’ investor who realizes it. The problem is when you are a ‘know nothing’ investor but you think you know something.

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The investor of today does not profit from yesterday’s growth.

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Be fearful when others are greedy, and greedy when others are fearful.

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You don’t need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.

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You don't have to be a genius to invest well.

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The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.

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Don’t pass up something that’s attractive today because you think you will find something better tomorrow.

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