“Of the billionaires I have known, money just brings out the basic traits in them. “What we learn from history is that people don’t learn from history.” Lose a shred of reputation for the firm, and I will be ruthless.” “Lose money for the firm, and I will be understanding. While many hopeful investors and business moguls take any of the Nebraskan’s words as gospel, Fortune has rounded up a handful of the Oracle’s sagest quotes from over the years. As for his net worth, thanks to his decades of savvy investments, it stands at roughly $118 billion as of publication. Lots of skinny-dipping was happening as the crypto market cap shrank from $3 trillion to a little over $1 trillion in just a few months.īuffett took control of Berkshire Hathaway, then a textile manufacturing company, in 1970, and has driven it to the seventh spot on the Fortune 500 list (and 14th globally), with revenue at just over $302 billion. Consider the Crypto Winter of 2022, a longtime target of Buffett and (more often) Munger. Take his most famous line: “Only when the tide goes out do you discover who’s swimming naked.” It sums up financial wisdom back to the dawn of the modern age, as market bubbles form and, to paraphrase an older quote, fools rush in. He didn’t earn the nickname “Sage of Omaha” for no reason, after all. But along the way, he’s been known for his alternately folksy and insightful quotes.
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