Quote By Warren Buffett

Today people who hold cash equivalents feel comfortable. They shouldn’t have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.

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

Warren Buffett criticizes the notion of holding cash equivalents as a safe long-term investment. He argues that cash equivalents, such as currencies with low interest rates, may lose value over time when compared to better long-term assets.

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.

Warren Buffett

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

Warren Buffett

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

Warren Buffett

Risk comes from not knowing what you are doing.

Warren Buffett

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

Warren Buffett

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.

Warren Buffett

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

Warren Buffett

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

Warren Buffett

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.

Warren Buffett

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

Warren Buffett

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.

Warren Buffett

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

Warren Buffett