Best 781 quotes in «investing quotes» category

The distinction between investment and speculation in common stocks has always been a useful one and its disappearance is cause for concern.

The distribution of the market is fat-tailed relative to the normal distribution... For passive investors, none of this matters, beyond being aware that outlier returns are more common than would be expected if return distributions were normal.

The entire pursuit of value investing requires you to see where the crowd is wrong so that you can profit from their misperceptions.

The essence of investment management is the management of risks, not the management of returns.

The expected never happens; it is the unexpected always.

The fact that people will be full of greed, fear, or folly is predictable. The sequence is not predictable.

The Fed was largely responsible for converting what might have been a garden-variety recession, although perhaps a fairly severe one, into a major catastrophe. Instead of using its powers to offset the depression, it presided over a decline in the quantity of money by one-third from 1929 to 1933 ... Far from the depression being a failure of the free-enterprise system, it was a tragic failure of government.

...the Federal Reserve has the capacity to operate in domestic money markets to maintain interest rates at a level consistent with our economic goals

The first rule (of investing) for me is don't have rules. You find one amazing investment and that's all that matters. If you pick the right body of water, you might not need a boat.

The goal of a successful trader is to make the best trades. Money is secondary.

The good news in investing is there are no HR problems. If there are no humans, there are no problems!

The good news is, the stock market is closed and it can't hurt us again until tomorrow.

The grim irony of investing, then, is that we investors as a group not only don't get what we pay for, we get precisely what we don't pay for. So if we pay for nothing, we get everything.

The greatest Enemies of the Equity investor are Expenses and Emotions.

The hardest thing to judge is what level of risk is safe.

The growth stock theory of investing requires patience, but is less stressful than trading, generally has less risk, and reduces brokerage commissions and income taxes.

The idea of investing in the positivity of employees is often low down on companies' priority lists.

The individual investor should act consistently as an investor and not as a speculator. This means ... that he should be able to justify every purchase he makes and each price he pays by impersonal, objective reasoning that satisfies him that he is getting more than his money's worth for his purchase.

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 important thing is to keep playing, to play against weak opponents and to play for big stakes.

The intellectual and social climate needed to allow entrepreneurship to thrive will not exist in advanced capitalism.

The intelligent investor is a realist who sells to optimists and buys from pessimists.

The intelligent investor shouldn't ignore Mr. Market entirely. Instead, you should do business with him- but only to the extent that it serves your interests.

The investor should be aware that even though safety of its principal and interest may be unquestioned, a long term bond could vary widely in market price in response to changes in interest rates.

The investor with a portfolio of sound stocks should expect their prices to fluctuate and should neither be concerned by sizable declines nor become excited by sizable advances. He should always remember that market quotations are there for his convenience, either to be taken advantage of or to be ignored.

The intelligent investor should recognize that market panics can create great prices for good companies and good prices for great companies.

The intelligent investor gets interested in big growth stocks not when they are at their most popular - but when something goes wrong.

The investor's chief problem - and even his worst enemy - is likely to be himself.

The investor who permits himself to be stampeded or unduly worried by unjustified market declines in his holdings is perversely transforming his basic advantage into a basic disadvantage.

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

The key to making money in angel investing is saying no. You meet with 100 companies and say no to 99 of them.

The man who is admired for the ingenuity of his larceny is almost always rediscovering some earlier form of fraud. The basic forms are all known, have all been practiced. The manners of capitalism improve. The morals may not.

The key thing for all businesses, and especially of course technology businesses or businesses that employ technology as a key kind of strategic advantage, is you always have to be investing in the future.

The main enemy of the open society, I believe, is no longer the communist but the capitalist threat.

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

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

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

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 natural-born investor is a myth.

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 most valuable of all capital is that invested in human beings

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

The only certainty is that there is no certainty.

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.

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

...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 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.