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1217 Philanthropist Quotes
1217 Philanthropist Quotes
What counts for most people in investing is not how much they know, but rather how realistically they define what they don't know.
Warren Buffet
Invest
People
Count
Realistic
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Stocks of companies selling commodity-like products should come with a warning label: ‘Competition may prove hazardous to human wealth.’
Warren Buffet
Stock
Wealth
Woman
Commodity
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So smile when you read a headline that says Investors lose as market falls. Edit it in your mind to Disinvestors lose as market falls but investors gain. Though writers often forget this truism, there is a buyer for every seller and what hurts one necessarily helps the other.
Warren Buffet
Buyer
Seller
Truism
Headline
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Warren Buffet
Trade
Profit
Forced
Choose
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Keep all your eggs in one basket, but watch that basket closely.
Warren Buffet
Basket
Eggs Watch
Closely
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Diversification is a protection against ignorance. It makes very little sense for those who know what they’re doing.
Warren Buffet
Diversification
Ignorance
Protection
Sense
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We believe that a policy of portfolio concentration may well decrease risk if it raises, as it should, both the intensity with which an investor thinks about a business and the comfort-level he must feel with its economic characteristics before buying into it. In stating this opinion, we define risk, using dictionary terms, as “the possibility of loss or injury.
Warren Buffet
Business
Economy
Buying
Possibility
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It’s only when the tide goes out that you learn who has been swimming naked.
Warren Buffet
Tide
Learn
Swimming
Naked
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Warren Buffet
Ignorance
Leverage
Combine
Result
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I’ve seen more people fail because of liquor and leverage – leverage being borrowed money. You really don’t need leverage in this world much. If you’re smart, you’re going to make a lot of money without borrowing.
Warren Buffet
Leverage
Money
Borrow
Fail
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Warren Buffet
Passionate
Never
Job
About
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People always ask me where they should go to work, and I always tell them to go to work for whom they admire the most.
Warren Buffet
People
Work
Admire
Should
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There comes a time when you ought to start doing what you want. Take a job that you love. You will jump out of bed in the morning. I think you are out of your mind if you keep taking jobs that you don’t like because you think it will look good on your resume. Isn’t that a little like saving up sex for your old age?
Warren Buffet
Mind
Sex
Saving
Resume
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I’m not interested in cars and my goal is not to make people envious. Don’t confuse the cost of living with the standard of living.
Warren Buffet
Envious
Goal
Cost
Living
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Do not save what is left after spending; instead spend what is left after saving.
Warren Buffet
Saving
Spend
Left
What
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If you buy things you do not need, soon you will have to sell things you need.
Warren Buffet
Sell
Things
Buy
Need
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Warren Buffet
Important
Investment
Yourself
Make
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Life is like a snowball. The important thing is finding wet snow and a really long hill.
Warren Buffet
Snowball
Important
Life
Long
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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.
Warren Buffet
Control
Time
Agenda
People
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Writing a check separates a commitment from a conversation.
Warren Buffet
Writing
Check
Commitment
Conversation
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Tell me who your heroes are and I’ll tell you how you’ll turn out to be.
Warren Buffet
Heroes
Turn
Who
Tell
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If your employees, including your CEO, wish to give to their alma maters or other institutions to which they feel a personal attachment, we believe they should use their own money, not yours.
Warren Buffet
Money
Institution
Alma
Employee
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Warren Buffet
Forecast
Future
Nothing
Deal
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In the business world, the rearview mirror is always clearer than the windshield.
Warren Buffet
Business
World
Rearview
Mirror
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What we learn from history is that people don’t learn from history.
Warren Buffet
Learn
History
People
That
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If past history was all that is needed to play the game of money, the richest people would be librarians.
Warren Buffet
Past
History
Liberian
Richest
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Warren Buffet
Money
Dose
Rationality
Sedates
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Failing conventionally is the route to go; as a group, lemmings may have a rotten image, but no individual lemming has ever received bad press
Warren Buffet
Convention
Route
Group
Individual
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What the wise do in the beginning, fools do in the end
Warren Buffet
Wise
Fool
Beginning
End
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The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.
Warren Buffet
Pleasure
Crowd
Intellect
Temperament
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Warren Buffet
Intensity
Price
Excellence The
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Games are won by players who focus on the playing field –- not by those whose eyes are glued to the scoreboard.
Warren Buffet
Game
Focus
Won
Scoreboard
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You shouldn’t own common stocks if a 50% decrease in their value in a short period of time would cause you acute distress.
Warren Buffet
Common
Stock
Value
Decrease
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When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
Warren Buffet
Business
Reputation
Management
Brilliance
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In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
Warren Buffet
Accounting
Economics
Management
Appearance
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Warren Buffet
Culture
Rule
Organization
Behaves
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Having first-rate people on the team is more important than designing hierarchies and clarifying who reports to whom.
Warren Buffet
Important
People
Report
Team
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If each of us hires people who are smaller than we are, we shall become a company of dwarfs. But, if each of us hires people who are bigger than we are, we shall become a company of giants.
Warren Buffet
Hire
Dwarf
Company
People
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I enjoy myself a lot but I derive more joy in working. I believe in hard work and one of my business success secrets is hard work. It’s hard to see a youth that will go to bed by 2am and wake up by 5am. I don’t rest until I achieve something.
Aliko Dangote
Enjoy
More
Work
Achieve
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Every morning when I wake up, I make up my mind to solve as many problems, before retiring home.
Aliko Dangote
Morning
Before
Home
Solve
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When you have made it in life, you must give back to those who made you.
Aliko Dangote
When
Made
Life
Must
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My grandfather once told me; the soul of business is not making money but making people happy.
Aliko Dangote
Soul
Happy
Told
Not
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To succeed in business, you must build a brand and never destroy it.
Aliko Dangote
Succeed
You
Must
Never
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Endeavor to work as hard as possible to attain a new aim with each day that comes by. Don’t go to bed until you have achieved something productive.
Aliko Dangote
Work
Hard
Have
Attain
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Aliko Dangote
Passion
Drive
Make
Wake
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The most dangerous thing for an entrepreneur to do is to actually go into a business that he does not understand fully.
Aliko Dangote
Understand
Most
Thing
Not
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I always tried to move up the food chain. I started with cement and then moved into textiles and banking. When I was trading sugar, I added salt and flour so that then we could do pasta. And then I thought, why not make the bag for it, too? So, we started making packaging.
Aliko Dangote
Always
Chain
Then
When
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If I had challenges in my company, I would not hesitate to sell assets to remain afloat, to get to the better times, because it doesn’t make any sense for me to keep any assets and then suffocate the whole organization.
Aliko Dangote
Hesitate
Better
Would
Whole
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I built a conglomerate and emerged the richest black man in the world in 2008 but it didn’t happen overnight. It took me thirty years to get to where I am today. Youths of today aspire to be like me but they want to achieve it overnight. It’s not going to work. To build a successful business, you must start small and dream big. In the journey of entrepreneurship, tenacity of purpose is supreme.
Aliko Dangote
Journey
Supreme
Dream
Build
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Don’t kill the competition. Competition is healthy for businesses. It keeps you the entrepreneur on your toes.
Aliko Dangote
Keep
Your
Kill
The
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