Burak Bakay

Here are 100 timeless tips from Warren Buffett, covering investing, business, and life principles:

Investing Tips

1. Buy businesses, not stocks. Think long-term.
2. Invest in what you understand. Never invest in a business you don’t comprehend.
3. Be fearful when others are greedy, and greedy when others are fearful.
4. The stock market is a voting machine in the short term, but a weighing machine in the long term.
5. Focus on intrinsic value, not market fluctuations.
6. Patience is key. Time in the market beats timing the market.
7. Don’t follow the crowd. Herd mentality often leads to losses.
8. Risk comes from not knowing what you’re doing.
9. Price is what you pay, value is what you get.
10. Avoid unnecessary trading. Frequent trading eats up profits.
11. The best investment you can make is in yourself.
12. Read financial statements carefully before investing.
13. Look for companies with strong moats. Competitive advantage matters.
14. A great company is one that can raise prices without losing customers.
15. Never invest with borrowed money.
16. Compounding is the eighth wonder of the world. Let your investments grow over time.
17. Invest for the long term, not quick gains.
18. Only buy something that you’d be happy to hold if the market closed for 10 years.
19. Your investment philosophy should be boring, not exciting.
20. Diversification is for those who don’t know what they’re doing. Focus on your best bets.

Business & Work Ethic Tips

21. Reputation takes years to build and seconds to destroy.
22. Honesty is the best policy.
23. Hire people with integrity, intelligence, and energy.
24. A great business doesn’t require a great manager to be successful.
25. The best businesses are those that can run themselves.
26. Avoid businesses that require continuous reinvestment to stay competitive.
27. Keep overhead costs low.
28. Avoid complex business models. Simple is better.
29. Price doesn’t equal value. Pay attention to quality.
30. Cash flow matters more than profit.
31. Invest in businesses with strong leadership.
32. Don’t partner with people you don’t trust.
33. Do what you love, and you’ll never work a day in your life.
34. Stay within your circle of competence.
35. Take responsibility for your mistakes.
36. Don’t chase after unproven ideas.
37. Adaptability is key to long-term success.
38. Build strong business relationships.
39. Business should be treated like farming, not gambling.
40. Think independently, regardless of external noise.

Life & Success Tips

41. The best investment you can make is in yourself.
42. Read 500 pages a day. Knowledge compounds.
43. Spend time with smarter people than you.
44. Surround yourself with those who inspire you.
45. Stay humble, no matter how successful you become.
46. Don’t focus on being rich; focus on creating value.
47. Always be learning. Curiosity is essential.
48. Give more than you take.
49. Happiness isn’t about money. It’s about meaningful relationships.
50. Stay disciplined in your habits and routines.
51. Don’t be afraid to say “no” to distractions.
52. Success takes time. There are no shortcuts.
53. Your reputation is your most valuable asset.
54. Live below your means.
55. Avoid unnecessary debt.
56. Plan for the long term in life and business.
57. Be honest and ethical in all dealings.
58. Manage emotions when making decisions.
59. Think long-term rather than short-term gains.
60. Surround yourself with people who uplift you.

Personal Finance Tips

61. Save before you spend.
62. Avoid lifestyle inflation. Keep expenses low.
63. Live simply, even when you become wealthy.
64. A good reputation is worth more than a big bank balance.
65. If you buy things you don’t need, soon you’ll have to sell things you do need.
66. The best financial decision is staying out of debt.
67. Never rely on a single income stream. Develop multiple sources.
68. Do not depend on others for financial security.
69. Invest in assets, not liabilities.
70. Money can’t buy happiness, but it can give you freedom.
71. Don’t let money control your life. Control your money.
72. Be disciplined with your spending habits.
73. Avoid impulse purchases.
74. Learn how to manage risk wisely.
75. Protect your wealth through diversification.
76. Don’t buy something just because it’s cheap. Quality matters.
77. Make your money work for you.
78. A financial emergency fund is essential.
79. Take calculated financial risks, not reckless ones.
80. Stay away from speculative investments.

Philosophy on Wealth & Giving

81. Giving back is important. Wealth should be used for good.
82. True wealth is in how much you can give, not how much you have.
83. Measure success by how many people love you.
84. Use your money to help those in need.
85. Philanthropy should be strategic, not just generous.
86. The rich should give back more to society.
87. Wealth should be used to create opportunities for others.
88. Teaching financial literacy is crucial.
89. Avoid flashy displays of wealth.
90. The joy of giving outweighs the joy of spending.

Lessons on Decision-Making

91. Don’t rush into decisions. Think carefully.
92. Emotion should never drive your financial decisions.
93. Analyze risks before making big moves.
94. Decisions should be based on facts, not emotions.
95. Mistakes are learning opportunities. Reflect and improve.
96. Never compromise on ethics for profit.
97. Not making a decision is also a decision.
98. Think for yourself. Don’t blindly follow others.
99. Be adaptable. Circumstances change, so should your strategies.
100. Stay patient. The best things take time.