Warren Buffet is one of the most successful businesspeople of all-time. And he also has quite a knack for making timeless quotes. Today, Ignitia takes a look at 16 of the greatest quotes from, ‘The Oracle of Omaha’.

1. “I will tell you how to become rich. Close the doors… Be fearful when others are greedy. Be greedy when others are fearful.”

2. “Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.”

3. “Our favorite holding period is forever.”

4. “I don’t look to jump over seven-foot bars; I look around for one-foot bars that I can step over.”

5. “Someone is sitting in the shade today because someone planted a tree a long time ago.”

6. “It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.”

7. “It takes 20 years to build a reputation and five minutes to ruin it.”

8. “The difference between successful people and really successful people is that really successful people say no to almost everything.”

9. “Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.”

10. “Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be a more productive than energy devoted to patching leaks.”

11. “If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes.”

12. “You only have to do a very few things right in your life so long as you don’t do too many things wrong.”

13. “Price is what you pay; value is what you get.”

14. “Chains of habit are too light to be felt until they are too heavy to be broken.”

15. “It is not necessary to do extraordinary things to get extraordinary results.”

16. “The key to investing is… determining the competitive advantage of any given company and, above all, the durability of that advantage.”

Bonus: “Rule No.1 Is never lose money. Rule No.2 Is never forget Rule No. 1.”