Editors' note:Investing like the Oracle first starts with thinking like him. To celebrate Warren Buffett's 85th birthday, we bring you 15 of his greatest sayings of all time. We've also provided quote cards for convenient sharing.
Legendary investor Warren Buffett is known almost as much for his folksy witticisms as he is for his investing prowess.
Often referred to as the "Oracle of Omaha," the chairman and CEO of Berkshire Hathaway (BRK.A) (BRK.B) is one of the most widely followed investors in the world because of his long-term ability to beat the performance of the broader stock market.
That success has given Buffett a certain freedom about what he can say.
For example, on the subject of the financial industry, Buffett has said, "Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway."
He has also commented on the usefulness -- or lack thereof -- of a finance Ph.D. in becoming a successful value investor: "Value investing is so simple that it makes people reluctant to teach it. If you've gone and gotten a Ph.D. and spent several years learning tough mathematics, to have to come back to this is like studying for the priesthood and then finding out that the Ten Commandments were all you needed."
Want to invest like Buffett? Following what he says is a good start. Here are his top 15 sayings of all time, as ranked by the editors at TheStreet. They're listed from the least important to the most.
Consider these quotes pearls of folksy wisdom to guide you on your investing path.
15. "You're dealing with a lot of silly people in the marketplace; it's like a great big casino and everyone else is boozing. If you can stick with Pepsi, you should be O.K." -- Interview in Forbes, November 1974
The lesson: Curb your enthusiasm. There is a lot of stuff to get too excited about in the markets, but if you stay sober (-minded), and focus on the long run, you'll be OK. Buffett reminds us that Ben Graham and David Dobb, his teachers and legendary investors in their own right, taught him that in the short run, the market is "a voting machine, in the long run, it's a weighing machine." Considering that we do our living in the short run, we must learn to focus our investment gaze on the long run.