If you had to pick the most successful investor of the 20th Century, chances are you’d pick Warren Buffett. Buffett, 83, is worth more than US$58 billion, making him one of the wealthiest people in the world. He is the Chairman and CEO of Berkshire Hathaway Inc., a massive holding company that has shown remarkable growth and investor return under his direction. Buffett is also a philanthropist and has pledged to give away 99% of his huge fortune, much of it through the Gates Foundation. Despite his incredible wealth, Buffett lives a relatively frugal life in Omaha, Nebraska. Here’s a sample of his wisdom:
![On Planning… On Planning…](https://www.slice.ca/wp-content/themes/slice/assets/default_images_placeholder.png)
On Planning…
“Someone is sitting in the shade today because someone planted a tree a long time ago.”
![On Patience… On Patience…](https://www.slice.ca/wp-content/themes/slice/assets/default_images_placeholder.png)
On Patience…
“You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing.”
![On Mistakes… On Mistakes…](https://www.slice.ca/wp-content/themes/slice/assets/default_images_placeholder.png)
On Mistakes…
“You only have to do a very few things right in your life so long as you don't do too many things wrong.”
![On Reputation… On Reputation…](https://www.slice.ca/wp-content/themes/slice/assets/default_images_placeholder.png)
On Reputation…
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.”
![On Money… On Money…](https://www.slice.ca/wp-content/themes/slice/assets/default_images_placeholder.png)
On Money…
“Money will not change how healthy you are or how many people love you.”
![On Risk… On Risk…](https://www.slice.ca/wp-content/themes/slice/assets/default_images_placeholder.png)
On Risk…
“Risk comes from not knowing what you're doing.”
![On Being Super Wealthy… On Being Super Wealthy…](https://www.slice.ca/wp-content/themes/slice/assets/default_images_placeholder.png)
On Being Super Wealthy…
“If you’re in the luckiest one per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.”
![On Diversification… On Diversification…](https://www.slice.ca/wp-content/themes/slice/assets/default_images_placeholder.png)
On Diversification…
“Wide diversification is only required when investors do not understand what they are doing.”
![On Buying Stocks… On Buying Stocks…](https://www.slice.ca/wp-content/themes/slice/assets/default_images_placeholder.png)
On Buying Stocks…
"Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years."
![On Investing… On Investing…](https://www.slice.ca/wp-content/themes/slice/assets/default_images_placeholder.png)
On Investing…
“Rule No.1: Never lose money. Rule No. 2: Never forget rule No. 1.”