Warren Buffett, the second-richest person in the U.S. is wealthier than ever at age 84 thanks to his diversified holding company, Berkshire Hathaway.
With a net worth of $72.8 Billion according to recent reports, that puts him just behind Microsoft co-founder Bill Gates ($80 B) and ahead of Oracle’s Larry Ellison ($54.3 B). Make no mistake; Buffett is the real deal when it comes to business.
Warren Buffett acquired Berkshire Hathaway back in 1962 when it was a struggling textiles company and in early February 2015, it was the fourth most valuable public company in the U.S. with a market capitalization of $355 billion.
But his business success is not the main reason you should want to learn from him. The charismatic Berkshire Hathaway leader has a wealth of wisdom and a uniquely refreshing way of living his life.
Here are 10 of the most powerful Warren Buffet quotes that will change your life.
1. Believe in yourself.
“I always knew I was going to be rich. I don’t think I ever doubted it for a minute.”
2. Learn to say no and control your time.
“You’ve got to keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.”
3. If you want love, give love.
“When you get to my age, you’ll really measure your success in life by how many of the people you want to have love you actually do love you…The more you give love away, the more you get.”
4. Don’t care what other people think. What you think of yourself is the only thing that matters.
“It’s very important, to always live your life by an inner scorecard, not an outer scorecard.”
5. Surround yourself with the right people.
“It’s better to hang out with people better than you. Pick out associates whose behaviour is better than yours and you’ll drift in that direction.”
6. Focus on one thing at a time.
“The difference between successful people and really successful people is that really successful people say no to almost everything.”
7. Act with honor and integrity.
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”
8. Doing what you love will increase business success.
“In the world of business, the people who are most successful are those who are doing what they love.”
9. Be patient, some things just take time.
“Successful investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can’t produce a baby in one month by getting nine women pregnant.”
10. Give your mind clarity.
“I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.”
What are your favorite Warren Buffett quotes? Let me know in the comments below.
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