“You cannot make a good deal with a bad person.” Don’t do a deal with someone you don’t trust. “The important thing is to know what you know and know what you don’t know.”Ħ. Don’t invest in something you don’t understand. “A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful.”ĥ. If you think about that, you'll do things differently.'Ĥ. “ It takes 20 years to build a reputation and five minutes to ruin it. Price and value aren’t always the same: Don’t pay too much. “It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”Ģ. Here’s a look back at 25 of Buffett’s best quips, tips, and adages the editors of Yahoo Finance dug up from meeting transcripts, shareholder letters, and interviews. Unlike previous years, shareholders will not attend the event in person, but investors of all ovr the worlld can watch the event stream live on Yahoo Finance.

On Saturday May 2, Buffett will share more wisdom at the 2020 Berkshire Hathaway Annual Shareholder Meeting. Through his letters, essays, op-eds and TV appearances, Buffett shares folksy, funny, plainspoken advice on investing, management, life and everything in between.

Read more: Warren Buffett: Lessons from a legendary investor And so, when Buffett speaks, people listen.

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