In my view, for most people, the best thing to do is to own the S&P 500 index fund. People will try and sell you other things because there’s more money in it for them if they do.
Warren Buffett
American investor, entrepreneur and businessman
- Fame79.3
- Momentum10.0
- Investors rank#1
- Fame79.3
- Momentum10.0
- Investors rank#1
- Wikipedia251.8K
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He turned a failing textile mill into a $1 trillion conglomerate and his own stake into $148.9 billion — not through bets or leverage, but by buying good companies cheap and waiting. The attention comes from the rarity: discipline that lasts 70 years.
About
Born in Omaha in 1930 to a congressman father, Buffett fixated on business young and studied at Wharton, then Nebraska, then Columbia, where Benjamin Graham taught him value investing. He launched Buffett Partnership Ltd. in 1956, bought a struggling textile company called Berkshire Hathaway, and by 1970 had flipped it into a holding company with himself as chairman and majority owner. Charlie Munger came aboard in 1978 as vice-chairman. From that platform Buffett built one of the world's largest conglomerates, earning the "Oracle of Omaha" label for returns that compounded across decades whil…
In their own words
Sourced, dated quotes from Warren Buffett
It's a game of a million inferences. There are a lot of things to draw inferences from — cards played and not played. These inferences tell you something about the probabilities.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.
I like thinking big. I always have. To me it's very simple: if you're going to be thinking anyway, you might as well think big.
Someone's sitting in the shade today because someone planted a tree a long time ago.
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Sources
- WikipediaHigh confidencewikipedia · en.wikipedia.org
- WikidataHigh confidencewikidata · wikidata.org
- Pantheon 2.0High confidencedatabase · pantheon.world
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