<ul><li><strong>Warren Buffett, with an estimated net worth of nearly $70 billion, is the fifth-richest person in the world. </strong></li><li><strong>From having </strong><a href="https://www.businessinsider.com/eating-like-billionaire-warren-buffett-diet-2017-10?utm_source=msn.com&utm_medium=referral&utm_content=msn-slideshow&utm_campaign=bodyurlutm_source=msn.com&utm_medium=referral&utm_content=msn-slideshow&utm_campaign=bodyurl"><strong>a fast-food-heavy diet </strong></a><strong>to believing in a </strong><a href="https://markets.businessinsider.com/news/stocks/warren-buffett-might-like-these-9-stocks-2018-10-1027626619?utm_source=msn.com&utm_medium=referral&utm_content=msn-slideshow&utm_campaign=bodyurl"><strong>value-focused investing strategy, </strong></a><strong>he always does things in his own unique way. </strong></li><li><strong>People around the world are so fascinated with the legendary Buffett that they'll spend millions of dollars to </strong><a href="https://www.businessinsider.com/r-warren-buffett-to-auction-another-charity-lunch-2015-5?utm_source=msn.com&utm_medium=referral&utm_content=msn-slideshow&utm_campaign=bodyurl"><strong>eat lunch with him. </strong></a><strong> </strong></li><li><strong>Here are 21 of the most interesting quotes from the "Oracle of Omaha." </strong></li></ul><p>He continued: "If they're trying to buy and sell stocks, and worry when they go down a little bit … and think they should maybe sell them when they go up, they're not going to have very good results."</p>

SAYING OF WARREN BUFFETT

<img src="https://i.insider.com/549845636bb3f70d3ca1817a?width=2732&amp;height=1861&amp;format=jpg" width="2732" height="1861" srcset="https://i.insider.com/549845636bb3f70d3ca1817a?width=2732&amp;height=1861&amp;format=jpg"><div><span>Carlos Barria / Reuters</span></div><UL><LI><strong>Warren Buffett, with an estimated net worth of nearly    $70 billion, is the fifth-richest person in the world.</strong></LI><LI><strong dir="ltr">From having <a href="https://www.businessinsider.com/eating-like-billionaire-warren-buffett-diet-2017-10?utm_source=msn.com&amp;utm_medium=referral&amp;utm_content=msn-slideshow&amp;utm_campaign=bodyurlutm_source=msn.com&amp;utm_medium=referral&amp;utm_content=msn-slideshow&amp;utm_campaign=bodyurl" dir="ltr">a fast-food-heavy diet</a> to    believing in a <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-might-like-these-9-stocks-2018-10-1027626619?utm_source=msn.com&amp;utm_medium=referral&amp;utm_content=msn-slideshow&amp;utm_campaign=bodyurl" dir="ltr">    value-focused investing strategy,</a> he always does things in    his own unique way.</strong></LI><LI><strong dir="ltr">People around the world are so fascinated with the    legendary Buffett that they'll spend millions of dollars to    <a href="https://www.businessinsider.com/r-warren-buffett-to-auction-another-charity-lunch-2015-5?utm_source=msn.com&amp;utm_medium=referral&amp;utm_content=msn-slideshow&amp;utm_campaign=bodyurl" dir="ltr">    eat lunch with him.</a></strong></LI><LI><strong>Here are 21 of the most interesting quotes from the    "Oracle of Omaha."</strong></LI></UL><p>  Warren Buffett, the chairman of Omaha, Nebraska-based Berkshire  Hathaway, is one of the most famous investors around. He has an  estimated net worth of nearly $70 billion, making him the  fifth-richest person in the world.</p><p dir="ltr">  People around the world are so fascinated with the legendary  Buffett that they'll spend millions of dollars to <a href="https://www.businessinsider.com/r-warren-buffett-to-auction-another-charity-lunch-2015-5?utm_source=msn.com&amp;utm_medium=referral&amp;utm_content=msn-slideshow&amp;utm_campaign=bodyurl" dir="ltr">  eat lunch with him.</a> While you may not have that much money  laying around, you can still learn from his brilliant mind by  reading his famous quotes. </p><p>  We've rounded up 21 brilliant quotes from the so-called Oracle of  Omaha, and they're presented below.</p><h3>'Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years'</h3><img src="https://i.insider.com/591048d469e69ae4068b4fb5?width=1920&amp;height=1246&amp;format=jpg" width="1920" height="1246"><div><span>Reuters/Rick Wilking</span></div><h3>'Don't watch the market closely'</h3><img src="https://i.insider.com/5c3cd43ebd77302a87368b04?width=1920&amp;height=1280&amp;format=jpg" width="1920" height="1280"><div><span>Reuters / Brendan McDermid</span></div><p>  "Don't watch the market closely," Buffett said during a wild bout  of market volatility back in 2016.</p><p>  He continued: "If they're trying to buy and sell stocks, and  worry when they go down a little bit … and think they should  maybe sell them when they go up, they're not going to have very  good results."</p><p><em dir="ltr">Source: <a href="https://www.cnbc.com/2016/03/04/warren-buffett-buy-hold-and-dont-watch-too-closely.html" dir="ltr">  CNBC</a></em></p><h3>'I always knew I was going to be rich'</h3><img src="https://i.insider.com/54f2364469bedd4504ca3355?width=2732&amp;height=1970&amp;format=jpg" width="2732" height="1970"><div><span>REUTERS/Rick Wilking </span></div><p>  "I always knew I was going to be rich," he said. "I don't think I  ever doubted it for a minute." </p><h3>'Someone’s sitting in the shade today because someone planted a tree a long time ago'</h3><img src="https://i.insider.com/5c61d3cb2628981c8f233ce6?width=2732&amp;height=2049&amp;format=png" width="2732" height="2049"><div><span>Barbara Alper/Getty Images</span></div><h3>'I read and think'</h3><img src="https://i.insider.com/5c61d9242628981e2d63cab2?width=1536&amp;height=1152&amp;format=png" width="1536" height="1152"><div><span>Reuters/Shannon Stapleton</span></div><p>  "I insist on a lot of time being spent, almost every day, to just  sit and think," he said.</p><p>  He continued: "That is very uncommon in American business. I read  and think. So I do more reading and thinking, and make less  impulse decisions than most people in business."</p><h3>'Risk comes from not knowing what you're doing'</h3><img src="https://i.insider.com/5bfeed259e8c534f70501ab7?width=1920&amp;height=1273&amp;format=jpg" width="1920" height="1273"><div><span>Reuters</span></div><h3>'You only have to do a very few things right in your life so long as you don't do too many things wrong'</h3><img src="https://i.insider.com/548b1de4ecad04b27327d6fd?width=2732&amp;height=2006&amp;format=jpg" width="2732" height="2006"><div><span>AP</span></div><h3>I'll give my children 'enough money so that they would feel they could do anything, but not so much that they could do nothing'</h3><img src="https://i.insider.com/5c61d8ae342cca06483968a8?width=1335&amp;height=1001&amp;format=png" width="1335" height="1001"><div><span>Nati Harnik/AP Images</span></div><p>  The perfect amount to leave to your kids, he told Fortune in  1986, is "enough money so that they would feel they could do  anything, but not so much that they could do nothing."</p><p><em dir="ltr">Source: <a href="http://archive.fortune.com/magazines/fortune/fortune_archive/1986/09/29/68098/index.htm" dir="ltr">  Fortune</a></em></p><h3>'The light can at any time go from green to red without pausing at yellow'</h3><img src="https://i.insider.com/4f3abb09ecad042b2e000044?width=320&amp;height=240&amp;format=jpg" width="320" height="240"><div><span>Flickr / Horia Varlan </span></div><p>  "When major declines occur, they offer extraordinary  opportunities to those who are not handicapped by debt," Buffett  wrote in a letter to Berkshire Hathaway's shareholders in 2017,  highlighting the argument against ever borrowing money to  buy stocks.</p><p>  He continued: "No one can tell you when these will happen.  The light can at any time go from green to red without pausing at  yellow." </p><p><em dir="ltr">Source: <a href="http://www.berkshirehathaway.com/letters/2017ltr.pdf" dir="ltr">Letter</a>  to Berkshire Hathaway shareholders</em></p><h3>'It takes 20 years to build a reputation and 5 minutes to ruin it'</h3><img src="https://i.insider.com/5c61d8dc2628981c84412937?width=1920&amp;height=1440&amp;format=png" width="1920" height="1440"><div><span>Eric Frances/Getty Images</span></div><h3>'You cannot make a good deal with a bad person'</h3><img src="https://i.insider.com/5c61dabb598e237bbf083648?width=1920&amp;height=1440&amp;format=png" width="1920" height="1440"><div><span>REUTERS/Jo Yong-Hak</span></div><p>  "You cannot make a good deal with a bad person,"  Buffett  reportedly told Suzy Welch, a bestselling management author  and CNBC contributor.</p><p>  She told CNBC it was Buffett who gave her the career advice that  has helped her more than any other wisdom she's received.</p><p><em dir="ltr">Source: <a href="https://www.cnbc.com/2019/01/18/warren-buffetts-career-advice-could-change-how-you-approach-your-job.html" dir="ltr">  CNBC</a></em></p><h3>'Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down'</h3><img src="https://i.insider.com/5c61d5822628981ba2755ea2?width=2732&amp;height=2049&amp;format=png" width="2732" height="2049"><div><span>Getty image</span></div><h3>Only invest in 'simple businesses' that you understand</h3><img src="https://i.insider.com/5c61d858342cca06280ef179?width=2732&amp;height=2049&amp;format=png" width="2732" height="2049"><div><span>REUTERS/Rick Wilking</span></div><p dir="ltr">  In his 2014 letter to shareholders, Buffett laid out  <a href="https://www.businessinsider.com/berkshire-hathaway-acquisition-criteria-2015-2?utm_source=msn.com&amp;utm_medium=referral&amp;utm_content=msn-slideshow&amp;utm_campaign=bodyurlutm_source=msn.com&amp;utm_medium=referral&amp;utm_content=msn-slideshow&amp;utm_campaign=bodyurl" dir="ltr">  six criteria</a> he applied to measure a company's  fundamentals. One criterion is that he only invests  in "simple businesses." </p><p>  "If there's lots of technology, we won't understand it," he said</p><p><em dir="ltr">Source: <a href="http://www.berkshirehathaway.com/letters/2014ltr.pdf" dir="ltr">Letter</a>  to Berkshire Hathaway shareholders</em></p><h3>'Stocks [have] been so much more attractive than bonds'</h3><img src="https://i.insider.com/5c61d7422628981b465a33e8?width=2732&amp;height=1897&amp;format=jpg" width="2732" height="1897"><div><span>Mario Tama/Getty Images</span></div><p>  "The one thing I'm sure of is that overtime, stocks from  this level will beat bonds from this level," Buffett told CNBC's  "Squawk Box" October 2017. "Stocks [have] been so much more  attractive than bonds for a long time now."</p><p><em dir="ltr">Source: <a href="https://www.cnbc.com/2018/12/17/warren-buffett-tips-on-how-to-invest-in-the-stock-market.html" dir="ltr">  CNBC</a></em></p><h3>'Rule No. 1: Never lose money. Rule No. 2: Don't forget rule No. 1'</h3><img src="https://i.insider.com/5c61d9712628981bb90c7fda?width=1760&amp;height=1320&amp;format=png" width="1760" height="1320"><div><span>Bill Pugliano/Getty</span></div><h3>'The difference between successful people and really successful people is that really successful people say no to almost everything'</h3><img src="https://i.insider.com/5c40b5db0f2d9b416476dd84?width=1536&amp;height=1152&amp;format=png" width="1536" height="1152"><div><span>Jason Reed/Reuters</span></div><h3>'In the business world, the rear-view mirror is always clearer than the windshield'</h3><img src="https://i.insider.com/53dbdccf6da8115555651d52?width=960&amp;height=720&amp;format=jpg" width="960" height="720"><div><span>Flickr / Jennifer Boyer</span></div><h3>'It's better to hang out with people better than you'</h3><img src="https://i.insider.com/5c61d7ee2628981c12149e94?width=1136&amp;height=852&amp;format=png" width="1136" height="852"><div><span>Bill Gates/YouTube</span></div><h3>'Cryptocurrencies will come to bad endings'</h3><img src="https://i.insider.com/5b3a75546444452f008b4569?width=1536&amp;height=1152&amp;format=png" width="1536" height="1152"><div><span>REUTERS/Mike Segar</span></div><p>  "Cryptocurrencies will come to bad endings," Buffett said  in Berkshire Hathaway's annual meeting in 2018. "There's nothing  being produced in the way of value from the asset."</p><p>  He continued: "It's something where people who are of  less-than-stellar character see an opportunity to clip people who  were trying to get rich because their neighbor's getting rich  buying this stuff neither one of them understands."</p><p><em dir="ltr">Source: <a href="http://fortune.com/2018/05/07/warren-buffett-berkshire-hathaway-meeting-quotes/" dir="ltr">  Fortune</a></em></p><h3>'Price is what you pay. Value is what you get'</h3><img src="https://i.insider.com/5c61d6ca342cca05e2695da3?width=960&amp;height=720&amp;format=png" width="960" height="720"><div><span>Paul Morigi/Getty Images</span></div><h3>'Only when the tide goes out do you discover who is swimming naked'</h3><img src="https://i.insider.com/5c61d65470a61e7bda0186fc?width=2732&amp;height=2049&amp;format=png" width="2732" height="2049"><div><span>Getty Image</span></div>

Warren Buffett, with an estimated net worth of nearly    $70 billion, is the fifth-richest person in the world.From having a fast-food-heavy diet ...

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<ul><li><strong>Warren Buffett, with an estimated net worth of nearly $70 billion, is the fifth-richest person in the world. </strong> </li><li><strong dir="ltr">From having <a dir="ltr" href="https://www.businessinsider.com/eating-like-billionaire-warren-buffett-diet-2017-10?utm_source=msn.com&amp;utm_medium=referral&amp;utm_content=msn-slideshow&amp;utm_campaign=bodyurlutm_source=msn.com&amp;utm_medium=referral&amp;utm_content=msn-slideshow&amp;utm_campaign=bodyurl">a fast-food-heavy diet </a>to believing in a <a dir="ltr" href="https://markets.businessinsider.com/news/stocks/warren-buffett-might-like-these-9-stocks-2018-10-1027626619?utm_source=msn.com&amp;utm_medium=referral&amp;utm_content=msn-slideshow&amp;utm_campaign=bodyurl">value-focused investing strategy, </a>he always does things in his own unique way. </strong> </li><li><strong dir="ltr">People around the world are so fascinated with the legendary Buffett that they'll spend millions of dollars to <a dir="ltr" href="https://www.businessinsider.com/r-warren-buffett-to-auction-another-charity-lunch-2015-5?utm_source=msn.com&amp;utm_medium=referral&amp;utm_content=msn-slideshow&amp;utm_campaign=bodyurl">eat lunch with him. </a> </strong> </li><li><strong>Here are 21 of the most interesting quotes from the "Oracle of Omaha." </strong> </li> </ul>

<p>Warren Buffett, the chairman of Omaha, Nebraska-based Berkshire Hathaway, is one of the most famous investors around. He has an estimated net worth of nearly $70 billion, making him the fifth-richest person in the world. </p>

<p dir="ltr">People around the world are so fascinated with the legendary Buffett that they'll spend millions of dollars to <a dir="ltr" href="https://www.businessinsider.com/r-warren-buffett-to-auction-another-charity-lunch-2015-5?utm_source=msn.com&amp;utm_medium=referral&amp;utm_content=msn-slideshow&amp;utm_campaign=bodyurl">eat lunch with him. </a>While you may not have that much money laying around, you can still learn from his brilliant mind by reading his famous quotes. </p>

<p>We've rounded up 21 brilliant quotes from the so-called Oracle of Omaha, and they're presented below. </p>

'Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years'

<p>"Don't watch the market closely," Buffett said during a wild bout of market volatility back in 2016. </p>

<p>He continued: "If they're trying to buy and sell stocks, and worry when they go down a little bit … and think they should maybe sell them when they go up, they're not going to have very good results." </p>

<p><em dir="ltr">Source: <a dir="ltr" href="https://www.cnbc.com/2016/03/04/warren-buffett-buy-hold-and-dont-watch-too-closely.html">CNBC </a> </em> </p>

<p>"I always knew I was going to be rich," he said. "I don't think I ever doubted it for a minute." </p>

'Someone’s sitting in the shade today because someone planted a tree a long time ago'

<p>"I insist on a lot of time being spent, almost every day, to just sit and think," he said. </p>

<p>He continued: "That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business." </p>

'Risk comes from not knowing what you're doing'

'You only have to do a very few things right in your life so long as you don't do too many things wrong'

I'll give my children 'enough money so that they would feel they could do anything, but not so much that they could do nothing'

<p>The perfect amount to leave to your kids, he told Fortune in 1986, is "enough money so that they would feel they could do anything, but not so much that they could do nothing." </p>

<p><em dir="ltr">Source: <a dir="ltr" href="http://archive.fortune.com/magazines/fortune/fortune_archive/1986/09/29/68098/index.htm">Fortune </a> </em> </p>

'The light can at any time go from green to red without pausing at yellow'

<p>"When major declines occur, they offer extraordinary opportunities to those who are not handicapped by debt," Buffett wrote in a letter to Berkshire Hathaway's shareholders in 2017, highlighting the argument against ever borrowing money to buy stocks. </p>

<p>He continued: "No one can tell you when these will happen. The light can at any time go from green to red without pausing at yellow." </p>

<p><em dir="ltr">Source: <a dir="ltr" href="http://www.berkshirehathaway.com/letters/2017ltr.pdf">Letter </a>to Berkshire Hathaway shareholders </em> </p>

'It takes 20 years to build a reputation and 5 minutes to ruin it'

'You cannot make a good deal with a bad person'

<p>"You cannot make a good deal with a bad person," Buffett reportedly told Suzy Welch, a bestselling management author and CNBC contributor. </p>

<p>She told CNBC it was Buffett who gave her the career advice that has helped her more than any other wisdom she's received. </p>

<p><em dir="ltr">Source: <a dir="ltr" href="https://www.cnbc.com/2019/01/18/warren-buffetts-career-advice-could-change-how-you-approach-your-job.html">CNBC </a> </em> </p>

'Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down'

Only invest in 'simple businesses' that you understand

<p dir="ltr">In his 2014 letter to shareholders, Buffett laid out <a dir="ltr" href="https://www.businessinsider.com/berkshire-hathaway-acquisition-criteria-2015-2?utm_source=msn.com&amp;utm_medium=referral&amp;utm_content=msn-slideshow&amp;utm_campaign=bodyurlutm_source=msn.com&amp;utm_medium=referral&amp;utm_content=msn-slideshow&amp;utm_campaign=bodyurl">six criteria </a>he applied to measure a company's fundamentals. One criterion is that he only invests in "simple businesses." </p>

<p>"If there's lots of technology, we won't understand it," he said </p>

<p><em dir="ltr">Source: <a dir="ltr" href="http://www.berkshirehathaway.com/letters/2014ltr.pdf">Letter </a>to Berkshire Hathaway shareholders </em> </p>

'Stocks [have] been so much more attractive than bonds'

<p>"The one thing I'm sure of is that overtime, stocks from this level will beat bonds from this level," Buffett told CNBC's "Squawk Box" October 2017. "Stocks [have] been so much more attractive than bonds for a long time now." </p>

<p><em dir="ltr">Source: <a dir="ltr" href="https://www.cnbc.com/2018/12/17/warren-buffett-tips-on-how-to-invest-in-the-stock-market.html">CNBC </a> </em> </p>

'Rule No. 1: Never lose money. Rule No. 2: Don't forget rule No. 1'

'The difference between successful people and really successful people is that really successful people say no to almost everything'

'In the business world, the rear-view mirror is always clearer than the windshield'

'It's better to hang out with people better than you'

'Cryptocurrencies will come to bad endings'

<p>"Cryptocurrencies will come to bad endings," Buffett said in Berkshire Hathaway's annual meeting in 2018. "There's nothing being produced in the way of value from the asset." </p>

<p>He continued: "It's something where people who are of less-than-stellar character see an opportunity to clip people who were trying to get rich because their neighbor's getting rich buying this stuff neither one of them understands." </p>

<p><em dir="ltr">Source: <a dir="ltr" href="http://fortune.com/2018/05/07/warren-buffett-berkshire-hathaway-meeting-quotes/">Fortune </a> </em> </p>

'Price is what you pay. Value is what you get'

'Only when the tide goes out do you discover who is swimming naked'

Here are the 21 most brilliant quotes from Warren Buffett, the world's most famous and successful investor | Markets Insider

SAYING OF WARREN BUFFETT

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