Best 781 quotes in «investing quotes» category

The miracle of compounding returns has been overwhelmed by the tyranny of compounding costs.

The more cash that builds up in the treasury, the greater the pressure to piss it away.

The more you think you know, the more closed-minded you'll be.

The most dangerous moment for a bad government is when it begins to reform.

The most common cause of low prices is pessimism - sometimes pervasive, sometimes specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces.

The most important attribute for success in value investing is patience, patience, and more patience. The majority of investors do not possess this characteristic.

The most valuable of all capital is that invested in human beings

The multiple failings of our flawed financial sector are jeopardizing, not only the retirement security of our nation's savers but the economy in which our entire society participates.

The natural-born investor is a myth.

The only intelligence investing is value investing...to acquire more than one is paying for.

The only certainty is that there is no certainty.

...theories should be judged by their ability to predict events rather than by the realism of their assumptions.

The only preparation for prospering in the global economy is investing in ourselves.

The only product that's worth investing in is a fully functional musculoskeletal system. It's no luxury but rather a basic necessity that's within everyone's reach.

The only ones to get hurt on a roller coaster are the jumpers.

The press is still investing itself, it seems to me, in a sort of cynicism. It comes out better for them if they can predict hard times, bogging down, sniping, attrition.

The period of financial distress is a gradual decline after the peak of a speculative bubble that precedes the final and massive panic and crash, driven by the insiders having exited but the sucker outsiders hanging on hoping for a revivial, but finally giving up in the final collapse.

There are no rules about investment. Sharks can be good. Artist's dung can be good. Oil on canvas can be good.

The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiarize yourself with the actions of the past, you will be able to anticipate and act correctly and profitably upon forthcoming movements.

The purpose of finance is to enable business to acquire the ownership of capital instruments before it has saved the funds to buy and pay for them. The logic used by business in investing is things that will pay for themselves is not today available to the 95% born without capital. Most of us owe instead of own. And the less the economy needs our labor, the less able we are to "save" our way to capital ownership.

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.

There are only a few things investors can do to counteract risk: diversify adequately, hedge when appropriate, and invest with a margin of safety. It is a precisely because we do not and cannot know all the risks of an investment that we strive to invest at a discount. The bargain element helps to provide a cushion for when things go wrong.

There are substantial rewards for adopting a regular routine of investing and following it no matter what, and additional rewards for buying more shares when most investors are scared into selling.

The record of a month's roulette playing at Monte Carlo can afford us material for discussing the foundations of knowledge.

There are two hedges I know of; one is cash and the other is knowledge.

There are worse situations than drowning in cash and sitting, sitting, sitting. I remember when I wasn’t awash in cash — and I don’t want to go back.

There is no reason to feel any shame in hiring someone to pick stocks or mutual funds for you. But there's one responsibility that you must never delegate. You, and no one but you, must investigate whether an adviser is trustworthy and charges reasonable fees.

There is a close logical connection between the concept of a safety margin and the principle of diversification.

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.

There is no possibility of failure because you only control your actions and they only influence the probable evolution of your life over stochastic future paths. There is no failure, only feedback.

There is no such thing as a value trap. There are investing mistakes.

There is nothing so disastrous as a rational investment policy in an irrational world.

There is not the slightest indication that nuclear energy will ever be obtainable. It would mean that the atom would have to be shattered at will.

There is scarcely an instance of a man who has made a fortune by speculation and kept it

There is safety in numbers.

The rich invest in time, the poor invest in money.

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

The rich get richer. Not only because they have surpluses with which to invest, but because of the overriding emotional release they experience from having wealth.

The risk of an investment is described by both the probability and the potential amount of loss. The risk of an investment-the probability of an adverse outcome-is partly inherent in its very nature. A dollar spent on biotechnology research is a riskier investment than a dollar used to purchase utility equipment. The former has both a greater probability of loss and a greater percentage of the investment at stake.

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.

The sillier the market's behavior, the greater the opportunity for the business like investor.

The scientist rigorously defends his right to be ignorant of almost everything except his specialty.

The single greatest edge an investor can have is a long-term orientation.

The stage of investing that I do is seed stage, so it's really early. Here's a pair of founders who maybe have a prototype. They have a little bit of traction, maybe one employee, tops. At that stage, you really, really can only evaluate a company based on those founders and what they've been able to build. It's very, very team driven.

The Stone Age didn't end because we ran out of stones, and the age of oil won’t end because we run out of oil.

The stock market is filled with individuals who know the price of everything, but the value of nothing.

The stock market resembles a huge laundry in which institutions take in large blocks of each others washing ... without rhyme or reason.

The Stock Market is designed to transfer money from the Active to the Patient.

The stock market is a no-called-strike game. You don’t have to swing at everything – you can wait for your pitch.

The stock market is the story of cycles and of the human behavior that is responsible for overreactions in both directions.