Warren Buffet is the greatest investor of all time.

He has a net worth of over $70 billion dollars.

It is safe to say that he knows what he’s doing. And if you listen to him, you are likely going to be better off than the average joes.

Some of his best quotes on life you can find here  Warren Buffet quotes

Here are some of my favorite quotes from the wisdom of the Oracle of Omaha, Warren Buffet.

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

Focus on value over price. If you do not want to lose money, then limit spending and find ways to save and invest to grow your money.

It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.

If you wouldn’t do it when being recorded, then you probably shouldn’t be doing it. Don’t do anything you don’t want on the front page of a newspaper.

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

All good things need time.

Risk comes from not knowing what you’re doing.

It was reported that Buffet spends 80 percent of his day reading. He has knowledge and uses it to his advantage. Reading, studying, and learning are the only ways to limit risk. You can put all your eggs in one or a few baskets if you know what you are 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.

Staying away from negative behaviors and activities in vices such as drinking, smoking, and gambling can make sure that you will not hurt your chances to become wealthy.

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

Don’t follow the crowds. Use your knowledge to make informed decisions. When others say the sky is falling then it is time to invest.

Honesty is a very expensive gift – don’t expect it from cheap people.

People that look to cut corners often lack integrity. This could hurt your bottom-line.  If you skip all the rungs on the ladder to success and wealth, you also miss the lessons along the way to stay successful and wealthy.

If you’re in the luckiest 1 percent of humanity, you owe it to the rest of humanity to think about the other 99 percent.

Helping others is its own reward. It is a moral imperative to help those who need it. Helping the bottom 4 billion at the economic pyramid has far reaching and lasting positive effects on humanity.

Too often, a vast collection of possessions ends up possessing its owner. The asset I most value, aside from health, is interesting, diverse, and long-standing friends.

Life is about building relationships. Treat them well and you will get that treatment back in return. People are always more important than things.

You can’t make a good deal with a bad person.

There is no value you can place upon a good person or friend. Stay away from negative or bad people because they can’t be reasoned with to do the right thing.

Final Remarks. In this life, it can’t be all science and no philosophy. Humanity is a part of everything you do. Your highest civilian duty is to be humane. If you want to build your wealth, it is simple: help others.