Warren Buffett's 25 best quotes of all time

Warren Buffett is the fourth richest person in the world and often called the “world’s greatest investor.” The CEO of Berkshire Hathaway is also quite the philosopher — earning him the nickname the “Oracle of Omaha.”

The editors of Yahoo Finance combed through years of meeting transcripts, shareholder letters, and interviews to dig up 25 of Buffett’s best quips, tips, and adages. “It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.” “Price is what you pay. Value is what you get.”“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.

“When seeking directors, CEOs don’t look for pit bulls. It’s the cocker spaniel that gets taken home.”20. The most important quality for an investor is temperament, not intellect. If you want to work at Berkshire, you need integrity, intelligence and energy. “I have every possession I want. I have a lot of friends who have a lot more possessions. But in some cases, I feel the possession possesses them, rather than the other way around.” 23. Buffett wants his three children to make their own contributions to society.— Fortune, June 25, 2006

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