Warren Edward Buffet is an American business magnate, investor and philanthropist. He is considered to be one of the most successful investor in the world. Here are his quotes about IQ test, investing and life. 
warren buffett iq
Warren Buffet IQ 145. You can test your IQ by Click here

On being smart and being successful
"You don’t need to be a rocket scientist. Investing is not a game where the guy with 160 IQ beats the guy with 130 IQ".

On patience
"No matter how great the talent or efforts, some things just take time. You can’t produce a bay in one month by getting nine women pregnant."
"Our favorite holding period is forever."
"I don’t look to jump over seven-foot bars: I look around for one-foot bars that I can step over."
warren buffet iq

On sticking with what you know
"Risk comes from not knowing what you are doing";
"Diversification is a protection against ignorance";
"Only when the tide goes out do you discover who’s been swimming naked";
"Never invest in a business you cannot understand";
"What counts for most people in investing is not how much they know, but rather how realistically they define what they don’t know".
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On value investing
"Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down";
"Price is what you pay. Value is what you get".
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On following the herd
"Most people get interested in stocks when everybody else is. The time to get interested is when no one else is. You can’t buy what is popular and do well."

On predictions
"We have long left that the only value of stock forecasters is to make fortune-tellers look good."

On losing money
"Rule No.1 is never lose money. Rule No.2 is never forget Rule No.1";
"The most important thing to do if you find yourself in a hole is to stop digging."
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Bill Gates and Warren Buffet

On good habits
"Chains of habits are too light to be felt until they are too heavy to be broken.";
"Do not save what is left after spending, but spend what is left after saving";
"You shouldn’t own common stocks if a 50% decrease in their value in a short period of time would cause you acute distress";
"With enough insider information and a million dollars, you can go broke in a year".

On fear and greed
"Two super – contagious diseases, fear and greed, will forever occur in the investment community. The timing of these epidemics will be unpredictable. We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
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