45 INSPIRING WARREN BUFFETT QUOTES

Warren’s character comes through in his temperament, his view of the long term, and his humbleness.

Technically a Bertrand Russell re-quote. It is very illustrative how bad business practices can go unchecked until they are too heavy to hide anymore.

“Chains of habit are too light to be felt until they are too heavy to be broken.”

Warren values having independent thought. Trying to go along with the crowd instead of your own principles is a sure-fire way to make mistakes.

“Risk comes from not knowing what you are doing”

It is easier to make forward progress if you minimize the amount of backwards progress you make.

“You only have to do a few things right in life so long as you don’t do too many things wrong”

This analogy highlights the sunk-cost fallacy where we often over weigh our emotional investment into our current situation.

“The most important thing to do if you find yourself in a hole is to stop digging.”

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