Posts Tagged ‘Warren Buffett’

“Forecasts tells us more about the forecaster than the forecast.” -Warren Buffett

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“If you cannot control your emotions, you cannot control your money.” -Warren Buffett

Warren Buffett, in his 2011 letter to investors, defined investing as “the transfer to others the purchasing power now with the reasoned expectation of receiving more purchasing power – after taxes have been paid on nominal gains – in the future.” What’s important to remember is “It’s not the dollar value of your investment returns that count. It’s how much your investments increase or decrease your spending power after you’ve paid taxes.” -Chris Hunter B&P Briefing

“We operate from a level of liquidity that no one else does.  We don’t want to operate on bank lines.” –Warren Buffett

It is amazing how the greatest investor alive understands the necessity of keeping money in a liquid (easily accessible/available) position, knowing there will come hard times; yet most people strap themselves to the bank with high levels of debt.  It is imperative to build a private reserve from which cash can be obtained in hard times.

“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.” – Warren Buffett

Never Lose Money

Posted: November 8, 2012 in Money Matters
Tags: , ,

“Rule No. 1:  Never lose money.   Rule No. 2:  Never forget Rule No. 1.” –Warren Buffet

Warren Buffett became a billionaire by knowing the worth of a business and then buying it at a discounted price.  Success with money is not only about knowledge, but acting on that knowledge.  Failure not only occurs due to a lack of knowledge, but more often by not acting on knowledge.