Warren Buffett is a legendary investor and the manager of the $100-billion hedge fund, Berkshire Hathaway Inc. Below are some Warren Buffett quotes worth pay attention to in 2015 and going forward.
Why Are Warren Buffett Quotes Significant?
Legend has it that Warren Buffett compounded his personal account at 60% between 1950 and 1956. After that, he took over a textile firm—Berkshire Hathaway. Over the years, Buffett transformed it into an investment giant, compounding returns at 20% between 1956 and 2011 (compared to the S&P 500 average of nine percent). (Source: Berkshire Hathaway, last accessed May 13, 2015.)
For new investors, quotes from this madly successful investor are definitely worth reading; and for long-time investors, they’re always worth re-reading. So, what does Buffett have to teach us?
Buffett quote #1: “Rule No. 1: never lose money; rule No. 2: don’t forget rule No. 1.”