Warren Buffett: “Really Successful People Say No To Almost Everything” (2024)

FAQs

What was Warren Buffett's most famous quote? ›

"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."

That's why this Buffett quote remains a powerful life lesson. The mega-mogul said: "The difference between successful people and really successful people is that really successful people say no to almost everything."

As Buffett himself said, “You've gotta keep control of your time, and you can't unless you say no. You can't let people set your agenda in life.” Buffet also said, “Never give up searching for the job that you are passionate about.” He's passionate about people finding their passions.

"Money is not everything. Make sure you earn a lot before speaking such nonsense."

"Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1."- Warren Buffet.

Warren Buffett once said that it's wise for investors “to be fearful when others are greedy and to be greedy only when others are fearful.” This statement is somewhat of a contrarian view of stock markets that relates directly to the price of an asset.

Oftentimes, yes. The reason is simple: quiet people tend to be smarter than talkative people because they tend to be introverts, and therefore have a higher baseline of arousal.

Increased Focus and Concentration

Studies have established a relationship between silence, focus, and success. Those who can maintain concentration amidst noise and distractions tend to perform better in various aspects of their lives, including work, education, and personal relationships.

Buffett is seen by some as the best stock-picker in history and his investment philosophies have influenced countless other investors. One of his most famous sayings is "Rule No. 1: Never lose money.

What is the Warren Buffett 70/30 rule? ›

A 70/30 portfolio is an investment portfolio where 70% of investment capital is allocated to stocks and 30% to fixed-income securities, primarily bonds.

But there's more to this American business magnate than just his job. Despite his roughly $116.7 billion net worth, according to Forbes, the fifth-wealthiest man in the world enjoys a life of simple taste, frugal living and generous philanthropy.

Warren Buffett typically does not give money to individuals, although he frequently donates to charities. However, he has in the past forwarded individual requests for money to his sister, Ms. Doris Buffett, who operates an organization called the Sunshine Lady Foundation.

He teamed up with Bill and Melinda Gates in 2010 to form The Giving Pledge, an initiative that asks the world's wealthiest people to dedicate the majority of their wealth to philanthropy. Buffett himself has pledged that 99% of his wealth will go to philanthropy during his lifetime or upon his death.

“I have a dream.”

– Martin Luther King Jr.