"Risk comes from not knowing what you're doing."Buffett emphasizes the importance of understanding investments thoroughly before committing capital, suggesting that informed decisions can help mitigate risks.
"The stock market is designed to transfer money from the Active to the Patient."This quote highlights Buffett's belief in the power of patience and long-term investing, suggesting that those who remain disciplined and patient can reap rewards in the market.
"Price is what you pay. Value is what you get."Buffett emphasizes the distinction between price and value, suggesting that investors should focus on the intrinsic value of assets rather than short-term fluctuations in price.
"Be fearful when others are greedy and greedy when others are fearful."This quote reflects Buffett's contrarian approach to investing, advising investors to capitalize on opportunities when market sentiment is at extremes.
. "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."Buffett advocates for investing in high-quality businesses with durable competitive advantages, even if they may not be available at bargain prices.