What I Learned from Warren Buffett (2024)

What I Learned from Warren Buffett (1)

A book on Buffett spurs Gates to reflect on their friendship.

What I Learned from Warren Buffett (2)

Warren Buffett: The Making of an American Capitalist, Roger Lowenstein (New York: Random House, 1995).

A version of this article appeared in the January–February 1996 issue of Harvard Business Review.

New!

What I Learned from Warren Buffett (3)

HBR Learning

What I Learned from Warren Buffett (4)

Finance Essentials Course

Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Finance Essentials. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.

Strengthen your fluency in financial statements.

Start Course

Learn More & See All Courses

Read more on Financial analysis or related topics Managing people and Leadership

  • BG

    Bill Gates is chairman and CEO of Microsoft Corporation in Redmond, Washington.

New!

What I Learned from Warren Buffett (5)HBR Learning

Finance Essentials Course

Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Finance Essentials. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.

Strengthen your fluency in financial statements.

What I Learned from Warren Buffett (6)

Read more on Financial analysis or related topics Managing people and Leadership

What I Learned from Warren Buffett (2024)

FAQs

What lessons can we learn from Warren Buffett? ›

In conclusion, Warren Buffett's wisdom extends far beyond the world of finance. Through his life and teachings, I've learned three invaluable lessons: the power of patience and long-term thinking, the importance of continuous learning, and the value of ethics and integrity.

Why is Warren Buffett inspirational? ›

Warren Buffett's legacy and impact

The impact of Warren Buffett on the investment world is apparent. His theory of value investing and long-term perspective has inspired countless investors as one of the most recognized and successful investors in history.

What Bill Gates learned from Warren Buffett? ›

I've learned many things from Warren over the last 25 years, but maybe the most important thing is what friendship is all about. It's about being the kind of friend you wish you had yourself.”

What did Warren Buffett do that is memorable? ›

What is Warren Buffett known for? Warren Buffett, known as the "Oracle of Omaha," is an American businessman and philanthropist, widely considered the most successful investor of the 20th century. He has amassed a personal fortune of more than $60 billion by defying prevailing investment trends.

What are Warren Buffett's 5 rules of investing? ›

Here's Buffett's take on the five basic rules of investing.
  • Never lose money. ...
  • Never invest in businesses you cannot understand. ...
  • Our favorite holding period is forever. ...
  • Never invest with borrowed money. ...
  • Be fearful when others are greedy.
Jan 11, 2023

What is Warren Buffett's best career advice? ›

In the end, Warren's advice boils down to this: Life's too short to settle for anything less than what truly excites you. Find a place where you can thrive, and where you can work with mentors who inspire you to be the best version of yourself.

What was Warren Buffett's best quote? ›

Price is what you pay, value is what you get.” This famous Buffett quote strikes at the heart of the “value investor” approach and reveals the secret of how Buffett made his fortune.

How did Warren Buffett make a difference? ›

Through his philanthropic efforts, Buffett has funded initiatives in education, healthcare, poverty alleviation, and other critical areas across the globe, making a significant impact on the lives of millions.

What does Warren Buffett read every day? ›

So Buffett says he reads around 5-6 hours daily, including newspapers, magazines, 10Ks, annual reports, and biographies. For Buffett, reading is priority number one. While most executives focus on networking or analyzing financials, Buffett dedicates the majority of his workday to reading.

Who taught Warren Buffett to invest? ›

Graham is considered the "father of value investing," and his two books, Security Analysis and The Intelligent Investor, defined his investment philosophy, especially what it means to be a value investor. His most famous student is Warren Buffett, who is consistently ranked among the wealthiest persons in the world.

How does Warren Buffett value a company? ›

In picking stocks, Warren Buffett looks for companies that have provided a good return on equity over many years, particularly when compared to rival companies in the same industry. Buffett also reviews a company's profit margins to ensure they are healthy and growing.

What is Warren Buffett's legacy? ›

Investment Philosophy: A Legacy of Value Investing 📈

Buffett's investment strategy, focusing on value stocks over growth stocks, has yielded an average annual return of 20.5% since 1965.

What we learn from history is that people don t learn from history Warren Buffett? ›

What we learn from history is that people don't learn from history.” – Warren Buffet. “What we learn from history is that people don't learn from history.” Market crashes and economic downturns are a part of life. Market calamity can occur seemingly out of nowhere.

What is the most important investment you can make is in yourself Warren Buffett? ›

“The most important investment you can make is in yourself.”

Perhaps one of his finest quotes, Warren Buffett recognises the value of research, experience and common sense.

What does Warren Buffett say about education? ›

Some people are going to get a lot out of advanced education and some people are going to get very little,” he said. “I don't even think it's important that every person go to college at all.” “We have all kinds of jobs at $70,000 or $80,000 a year (for which) college training is not of use,” Buffett said.

References

Top Articles
Latest Posts
Article information

Author: Zonia Mosciski DO

Last Updated:

Views: 5807

Rating: 4 / 5 (51 voted)

Reviews: 82% of readers found this page helpful

Author information

Name: Zonia Mosciski DO

Birthday: 1996-05-16

Address: Suite 228 919 Deana Ford, Lake Meridithberg, NE 60017-4257

Phone: +2613987384138

Job: Chief Retail Officer

Hobby: Tai chi, Dowsing, Poi, Letterboxing, Watching movies, Video gaming, Singing

Introduction: My name is Zonia Mosciski DO, I am a enchanting, joyous, lovely, successful, hilarious, tender, outstanding person who loves writing and wants to share my knowledge and understanding with you.