6 Pieces Of Essential Financial Advice From Warren Buffett

Whether you’re an established investor or a newbie to stocks, it’s hard to overlook the sustained business savvy of investment guru Warren Buffett. Over the years, the Oracle of Omaha has offered innumerable pieces of straightforward and accessible advice. Here are some of Buffett’s best tips.


1. “Understand that generic-brand soda is just as good as name-brand, if not better.”

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“There really isn’t that much of a difference between name-brand sodas and the cheaper generic stuff. Know that at the end of the day, you’re throwing your money away on the nicer pops when the store-brand pops are just as good.”


2. “Always add the word ‘dozen’ after every number.”

“If you’re going to buy two companies, buy two dozen. If you’re going to sell 20 shares of a stock, sell 20 dozen. If you’re going to order a steak for 85 dollars, order it for 85 dozen dollars. It’s just fiscal common sense.”


3. “In the stock market, anything can happen at any time, just like in the movie Looper.”

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“The movie Looper, starring Joseph Gordon-Levitt and Bruce Willis, is set in a world where time travel exists, and criminals have harnessed its power in order to send those they wish to kill into the past, where they are subsequently hunted by trained assassins. Finance is similarly unpredictable.”


4. “Avoid doing business with people whose nicknames include the words ‘Asinine’ or ‘Pirate.’”

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“Part of doing smart business is knowing who to do business with. If a potential financial partner has a nickname like ‘The Asinine Money God’ or ‘The Rich Pirate Who Is Also A Baby,’ or even ‘The Asinine Cash Pirate,’ then you may want to avoid conducting further business with them.”


5. “Hit me up if you want up to $15 on this new delivery service app I’ve been using.”

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“Think about it: If you sign up using the invite I send you, then you get 15 free dollars. Also, the second you sign up with that same invite, I get $15 on the app, too. Together, we have $30 collectively, which is more than the $0 we started with. It’s a win-win for both of us, so you should just do it.”


6. “All the money in the world can’t make Brenda Ferland notice you.”

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“Brenda is one of those women who isn’t impressed by flash or wealth, which makes her all the more irresistible. No matter how many good trades you make and how sound your investments are, Brenda Ferland will remain tantalizingly out of your grasp.”

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