Investors are constantly looking nuggets of wisdom from the Oracle of Omaha, Warren Buffett, so this tidbit on Omaha.com caught our eye.
It’s just one quote from Buffett. He was at a 165 person Columbia University investing class, and one of the students asked him how to prepare for a career in investing.
From Omaha.com:
…Buffett thought for a few seconds and then reached for the stack of reports, trade publications and other papers he had brought with him. (more…)
Investors always remember their worst trade or biggest mistake. Warren Buffett is no different. However, Buffett’s biggest mistake might surprise you. In an interview with CNBC, the Oracle of Omaha admitted that the worst trade of his career was buying Berkshire Hathaway (BRK.A). Imagine that. But if you dig deeper into his account of the story, you’ll see that while his worst trade might have been buying Berkshire Hathaway, his biggest mistake was letting emotion get the better of him.
Embedded below is the video where Buffett talks about his worst trade in Berkshire Hathaway
This week is the annual shareholder meeting for Berkshire Hathaway, the gigantic conglomerate run by billionaire Warren Buffett.
Buffett has a way of explaining complicated finance topics so that they’re fun and understandable.
Carleton English of Belus Capital Advisors points us to this gem of a quote from 2008 where he takes a jab at private equity.
Someone had asked the Oracle of Omaha why people sell their companies to him instead of private equity firms. This is the type of question that you might hear later this week. Here’s Buffett’s response:
“You can sell it to Berkshire, and we’ll put it in the Metropolitan Museum; it’ll have a wing all by itself; it’ll be there forever. Or you can sell it to some porn shop operator, and he’ll take the painting and he’ll make the boobs a little bigger and he’ll stick it up in the window, and some other guy will come along in a raincoat, and he’ll buy it.” (more…)
When reading Berkshire Hathaway’s annual letters or hearing him speak, one can always take away a few great quotes from value investor extraordinaire Warren Buffett. It should come as no surprise that he is so good at dishing out words of wisdom. After all, he is known as the Oracle of Omaha. We thought it would be prudent to assemble some of his best advice in one cohesive post.
1. “Rule No.1: Never lose money. Rule No.2: Never forget rule No.1”
2. “In a bull market, one must avoid the error of the preening duck that quacks boastfully after a torrential rainstorm, thinking that its paddling skills have caused it to rise in the world. A right-thinking duck would instead compare its position after the downpour to that of the other ducks on the pond.”
3. “The fact that people will be full of greed, fear or folly is predictable. The sequence is not predictable.”
4. “Be fearful when others are greedy. Be greedy when others are fearful.” (more…)
