Quote By 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.

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 highlights the significance of temperament in successful investing. Warren Buffett suggests that emotional stability and discipline are more crucial for investors than high intelligence. It's essential to avoid the extremes of excessive herd mentality (following the crowd) or contrarianism (going against the crowd) and maintain a balanced temperament.

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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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Risk comes from not knowing what you are doing.

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