Best 781 of Investing quotes - MyQuotes
An investor should ordinarily hold a small piece of an outstanding business with the same tenacity that an owner would exhibit if he owned all of that business.
I want to invest in research. Research is great. Providing funding to universities and think tanks is great. But investing in companies? Absolutely not.
Suppose it was demonstrated that one out of twenty alcoholics could learn to become a moderate social drinker. The experienced clinician would answer, 'Even if true, act as if it were false, for you will never identify that one in twenty, and in the attempt five in twenty will be ruined.' Investors should forsake the search for such tiny needles in huge haystacks.
It is against stupidity in every shape and form that we have to wage our eternal battle. But how can we wonder at the want of sense on the part of those who have had no advantages, when we see such plentiful absence of that commodity on the part of those who have had all the advantages?
Only when you combine sound intellect with emotional discipline do you get rational behavior.
You've got to have models in your head and you've got to array you experience - both vicarious and direct - onto this latticework of mental models.
When you - when you - and this is still going on today - are making your money by pushing paper around, when you should be making your money by investing venture capital in various job-creating things, that makes it much harder to recover.
China is doing lots of things right. It's investing in education and R&D, it's opening up, it's more cosmopolitan than it's ever been. I think it's very likely that China will continue to explode economically and certainly become a superpower.
All things flow, nothing abides. You cannot step into the same river twice, for the waters are continually flowing on. Nothing is permanent except change.
We ignore outlooks and forecasts... we're lousy at it and we admit it ... everyone else is lousy too, but most people won't admit it.
F. Scott Fitzgerald
Optimism is the content of small men in high places.
I don't think the Federal Reserve has any role in how high rates are right now. I don't understand why everyone is paying attention to this tapering. The Fed is using one kind of bond to buy another kind of bond. What's the big deal, and why is anyone taking the Fed seriously?
The returns from investing in poor people are just as great as the returns from investing in the business world... and have even more meaning
We next consider the rule that the investor does or should consider expected return a desirable thing and variance of return an undesirable thing.
You could be somewhere where the mail was delayed three weeks and do just fine investing.
John C. Bogle
The idea that a bell rings to signal when investors should get into or out of the stock market is simply not credible. After nearly fifty years in this business, I do not know of anybody who has done it successfully and consistently. I don't even know anybody who knows anybody who has done it successfully and consistently. Yet market timing appears to be increasingly embraced by mutual fund investors and the professional managers of fund portfolios alike.
The more cash that builds up in the treasury, the greater the pressure to piss it away.
Bundy sternly tool his fellow endowment fund managers to task - not for being too bold, but for being insufficiently so: We have the preliminary impression that over the long run caution has cost our colleges and universities much more than imprudence or excessive risk-taking.
The scientist rigorously defends his right to be ignorant of almost everything except his specialty.
David F. Swensen
Unless an investor has access to “incredibly high-qualified professionals,” they “should be 100 percent passive - that includes almost all individual investors and most institutional investors.
Avoid second-quality issues in making up a portfolio unless they are demonstrable bargains.
You don't get rewarded for taking risk; you get rewarded for buying cheap assets. And if the assets you bought got pushed up in price simply because they were risky, then you are not going to be rewarded for taking a risk; you are going to be punished for it.
I’d compare stock pickers to astrologers but I don’t want to bad mouth astrologers.
Never stop investing. Never stop improving. Never stop doing something new.
We know that by simply changing our allocation between stocks and bonds, we can lessen the amount of volatility in our portfolio until we reach our comfortable sleep level.
One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do... I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up... I wait for a situation that is like the proverbial "shooting fish in a barrel.
The best approach here, if at all possible, is to use supervisory and regulatory methods to restrain undue risk-taking and to make sure the system is resilient in case an asset-price bubble bursts in the future.
If you are shopping for common stocks, choose them the way you would buy groceries, not the way you would buy perfume.
Howard Warren Buffett
When the Federal government buys the mortgages, they're not spending it, they're investing it.
When investing, more effort means worse results, most of the time.
Turnarounds seldom turn.
The investor's chief problem - and even his worst enemy - is likely to be himself.
Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.
When stock prices are rising, it's called ''momentum investing''; when they are falling, it's called ''panic.''
The sad truth is that it is precisely those who disagree most with the hypothesis of efficient market pricing of stocks, those who pooh-pooh beta analysis and all that, who are least able to understand the analysis needed to test that hypothesis.
To live a bigger life, you need to learn how to be a bigger human being.
... Any pension fund manager who doesn't have the vast majority-and I mean 70% or 80% of his or her portfolio-in passive investments is guilty of malfeasance, nonfeasance or some other kind of bad feasance!
There is no other proposition in economics that has more solid empirical evidence supporting it than the Efficient Market Hypothesis... In the literature of finance, accounting, and the economics of uncertainty, the EMH is accepted as a fact of life.
If you can follow only one bit of data, follow the earnings - assuming the company in question has earnings.
A lot of companies have lots of assets tied up in plant and equipment. Well, is it old plant, or is it new plant?
John Kenneth Galbraith
Almost every aspect of its (Federal Reserve) history should be approached with a discriminating disregard for what is commonly taught or believed.
Building your own business is the best way to become rich. Then you can begin investing in other assets.
there are all kinds of wonderful new inventions that give you nothing as owners except the opportunity to spend a lot more money in a business that's still going to be lousy. The money still won't come to you. All of the advantages from great improvements are going to flow through to the customers.
The most valuable of all capital is that invested in human beings
We need a moderately-priced stock market… The market, like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do. For the investor, a too-high purchase price for the stock of an excellent company can undo the effects of a subsequent decade of favorable business developments.
A person with a flexible schedule and average resources will be happier than a rich person who has everything except a flexible schedule. Step one in your search for happiness is to continually work toward having control of your schedule.
In every mutual fund prospectus, in every sales promotional folder, and in every mutual fund advertisement (albeit in print almost too small to read), the following warning appears: "Past performance is no guarantee of future results.
Volatility in the up direction is not a problem-it's only downward volatility that offers discourse.
We are big fans of fear, and in investing it is clearly better to be scared than sorry.
I think you have to learn that there's a company behind every stock, and that there's only one real reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.