Buying Quotes - Page 14

• For decades now, the Democrats have had a good gig buying the votes of government workers with outrageous salaries, benefits and work rules - and then sticking productive earners with the bill. But, now, we're out of money.

  Ann Coulter

  Government, Salary, Benefits

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• It is crucial to have a strategy in place before problems hit, precisely because no one can accurately predict the future direction of the stock market or economy. Value investing, the strategy of buying stocks at an appreciable discount from the value of the underlying businesses, is one strategy that provides a road map to successfully navigate not only through good times but also through turmoil.

  Seth Klarman

  Investing, Maps, Good Times

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• By buying big - going narrow and deep, as opposed to a diversifying - you maximize your successes.

  Richard Chandler

  Bigs

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• With a profession such as investing, people see the 'doing' as the buying and selling. It is difficult to come home from work, and answer your spouse's question, 'what did you do today?' with 'well, I read a lot, and I talked a little.' If you're not buying or selling, you may feel you aren't doing anything.

  Dave Abrams

  Home, People, Investing

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• The near absence of bargains works as a reverse indicator for us. When we find there is little worth buying, there is probably much worth selling.

  Seth Klarman

  Littles, Absence, Selling

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• I fell into hip-hop right from the beginning. I was a teenager in the '60s, so I was putting all my pocket money into buying LPs. I followed the ascent of the Rolling Stones, the Beatles, and Stevie Wonder. I followed popular music very closely, and I've never stopped.

  Simon de Pury

  Teenager, Hip Hop, Pockets

  Source: www.interviewmagazine.com

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• The street is the most impactful for me really, always, and the Internet. I guess I'd like to sell some more light pieces so I can rent some more billboards; that's my only ambition in life really. Then I'd like to save up some money so I can buy a very simple wooden house, and then after that I'd like to start buying billboards. I'd like to buy a bunch of billboards in different cities so we owned them and I could give them to Occupy to tell the truth with.

  Robert Montgomery

  Ambition, Simple, Cities

  Source: www.interviewmagazine.com

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• A lot of people use a smiley face when they write letters. But it's this huge insane compulsion, like "I'm happy! I swear!" I'm not buying it. I don't believe them.

  Nate Lowman

  Believe, Writing, People

  Source: www.interviewmagazine.com

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• I like charcoal drawing a lot. I'm not very good, but I always find myself buying canvases and paints whenever I'm on location, because I always have this ambition to fill the hotel room I'm in and turn it into an art studio.

  Ben Schnetzer

  Art, Ambition, Drawing

  Source: www.interviewmagazine.com

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• I vowed to never use my American accent, and I didn't. Even going to get the paper in the morning to buying milk down at the shop, getting a cab, wherever.

  Lake Bell

  Morning, Use, Paper

  "Actress Lake Bell, first female voice of Apple ads, is taking over Hollywood one project at a time". Interview with Jason Guerrasio, www.businessinsider.com. November 30, 2015.

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• To assign to everybody his proper place in society is the task of the consumers. Their buying and abstention from buying is instrumental in determining each individual's social position.

  Ludwig von Mises

  Tasks, Individual, Social

  Ludwig von Mises (2016). “Human Action”, p.340, Lulu Press, Inc

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• The strategy of buying what's in favor is a fool's errand, ensuring long-term underperformance. Only by standing against the prevailing winds - selectively, but resolutely - can an investor prosper over time. But for a while, a value investor typically underperforms.

  Seth Klarman

  Wind, Long, Errands

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• Look at those hedge funds - you think they can wait? They don't know how to wait! I have sat for years at a time with $10 to $12 million in treasuries or municipals, just waiting, waiting...As Jesse Livermore said, 'The big money is not in the buying and selling...but in the waiting.'

  Charlie Munger

  Thinking, Years, Waiting

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• A lot of share-buying, not bargain-seeking, is designed to prop stock prices up. Thirty to 40 years ago, it was very profitable to look at companies that were aggressively buying their own shares. They were motivated simply to buy below what it was worth.

  Charlie Munger

  Years, Looks, Share

  "Berkshire Behind the Scenes: Part 3". Interview with Rick Casterline, www.fool.com. May 30, 2006.

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• We may well have a competitive advantage buying decent businesses at decent prices. But they won't be fabulous businesses and fabulous prices. There's too much competition and money out there, with many buyout specialists.

  Charlie Munger

  Competition, May, Too Much

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• We have a higher percentage of the intelligentsia engaged in buying and selling pieces of paper and promoting trading activity than in any past era. A lot of what I see now reminds me of Sodomand Gomorrah. You get activity feeding on itself, envy and imitation. It has happened in the past that there came bad consequences.

  Charlie Munger

  Past, Envy, Pieces

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• The basic concept of value to a private owner and being motivated when you're buying and selling securities by reference to intrinsic value instead of price momentum - I don't think that will ever be outdated.

  Charlie Munger

  Thinking, Momentum, Selling

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• The very cheapness of literature is making even wise people forget that if a book is worth reading, it is worth buying. No book is worth anything which is not worth much; nor is it serviceable, until it has been read, and re-read, and loved, and loved again; and marked, so that you can refer to the passages you want in it.

  John Ruskin

  Wise, Book, Reading

  John Ruskin, John D. Rosenberg (1964). “The Genius of John Ruskin: Selections from His Writings”, p.306, University of Virginia Press

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• Men's clothing hasn't changed in 200 years, maybe a lapel gets a little wider or a tie gets narrower from time to time. But it's usually always the same. There is stupidity in men's fashion. But women know who they are. They can change. Clothing is seductive for women. They get different personas by buying new clothes. But men don't.

  Massimo Vignelli

  Fashion, Men, Years

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• Volatility is a symptom that people have no idea of the underlying value-that they have stopped playing the asset game. They're not buying because it's a company with certain attributes. They're buying because the price is rising. People are playing games not related to any concept at all of what the long-term value of the enterprise is. And they know it.

  Jeremy Grantham

  Ideas, Playing Games, Long

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• After nearly making a terrible mistake not buying See's, we've made this mistake many times. We are apparently slow learners. These opportunity costs don't show up on financial statements, but have cost us many billions.

  Charlie Munger

  Mistake, Opportunity, Cost

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• Kellogg's and Campbell's moats have also shrunk due to the increased buying power of supermarkets and companies like Wal-Mart. The muscle power of Wal-Mart and Costco has increased dramatically.

  Charlie Munger

  Moats, Muscles, Company

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• Wrigley is a great business, but that doesn't solve the problem. Buying great businesses at advantageous prices is very tough.

  Charlie Munger

  Tough, Great Business, Problem

  Charlie Munger's comments on Wrigley at the 2001 Wesco Financial Annual Meeting, www.tilsonfunds.com. May 2, 2001.

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• It took us months of buying all the Coke stock we could to accumulate $1 billion worth - equal to 7% of the company. It's very hard to accumulate major positions.

  Charlie Munger

  Coke, Months, Equal

  Charlie Munger's comments on Wesco and Berkshire Hathaway at the 2001 Wesco Financial Annual Meeting, www.tilsonfunds.com. May 2, 2001.

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• How can we tax people for not buying a product from a website that doesn't work?

  John Boehner

  People, Taxes, Website

  "Paul Ryan Pens Op-Ed, And New Path Forward". Interview with Robert Siegel, www.npr.org. October 9, 2013.

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