23 Pearls of Wisdom from Warren Buffett

23 Pearls of Wisdom from Warren Buffett

- in Markets

by Dan Richards, ClientInsights.ca

Warren Buffett combines two phenomenal abilities.

First, a track record going back to the 1960s that arguably makes him the best investor of all time.

And second, an uncanny knack of articulating his investing beliefs in colourful, memorable ways.

Among the aphorisms for which he’s best known:

• “I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later one will.”

• “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 the 130 IQ.”

• And perhaps his most famous quote - “You only find out who’s been swimming naked when the tide goes out”

Today features links to two articles about Buffett:

First is an article that appeared in Tuesday’s Globe and Mail, highlighting three attributes at the core of Buffett’s success that every investor can take advantage of, but almost none do.

And here’s a link to a listing of Buffett’s all-time greatest quotes.

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