Investing Quotes - Page 11

• You're neither right nor wrong because other people agree with you. You're right because your facts are right and your reasoning is right - that's the only thing that makes you right. And if your facts and reasoning are right, you don't have to worry about anybody else.

  Warren Buffett

  People, Worry, Facts

  "The Best Advice I Ever Got". Interview with Julia Boorstin, archive.fortune.com. March 21, 2005.

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• Only when you combine sound intellect with emotional discipline do you get rational behavior.

  Warren Buffett

  Emotional, Discipline, Sound

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• It's us fun being a horse when the tractor comes along, or the blacksmith when the car comes along.

  Warren Buffett

  Horse, Fun, Car

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• Every bubble consists of a trend that can be observed in the real world and a misconception relating to that trend. The two elements interact with each other in a reflexive manner.

  George Soros

  Real, Two, Elements

  George Soros (2009). “The crash of 2008 and what it means [electronic resource]: the new paradigm for financial markets”, p.10, PublicAffairs

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• Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response.

  Lawrence Summers

  Greek, Blame, Financial

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• To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks.

  Benjamin Graham

  People, Looks, Realizing

  Benjamin Graham (1959). “The Intelligent Investor: A Book of Practical Counsel”

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• The chief losses to investors come from the purchase of low-quality securities at times of favorable business conditions.

  Benjamin Graham

  Loss, Quality, Lows

  Benjamin Graham (1959). “The Intelligent Investor: A Book of Practical Counsel”

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• As a speculator you must embrace disorder and chaos.

  Louis Bacon

  Chaos, Embrace, Disorder

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• Be wary of the arrogant intellectual who comments from the stands without having played on the field.

  Ray Dalio

  Life, Intellectual, Arrogant

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• An important key to investing is to remember that stocks are not lottery tickets.

  Peter Lynch

  Keys, Important, Tickets

  Peter Lynch (2012). “Beating the Street”, p.334, Simon and Schuster

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• Calculate "owner earnings" to get a true reflection of value.

  Warren Buffett

  Reflection, Earning, Owners

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• We continue to make more money when snoring than when active.

  Warren Buffett

  Timing, More Money, Snoring

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• I always say that in investing you want to buy stock in a company that has a business that's so good that an idiot can run it, because sooner or later one will. We have a country like that.

  Warren Buffett

  Running, Country, Business

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• Any man who is a bear on the future of this country will go broke.

  J. P. Morgan

  Country, Men, Bears

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• I favour passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices.

  Merton Miller

  Successful, Information, Favour

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• Wall Street's favorite scam is pretending that luck is skill.

  Ronald Ross

  Wall, Skills, Luck

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

  Warren Buffett

  Enemy, Emotion, Equity

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• Some investments do have higher expected returns than others. Which ones? Well, by and large they're the ones that will do the worst in bad times.

  William Forsyth Sharpe

  Return, Investment, Bad Times

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• Confusing speculation with investment is always a mistake.

  Benjamin Graham

  Mistake, Confusing, Investment

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• I believe that we all get rewarded and punished according to whether we operate in harmony or in conflict with nature's laws, and that all societies will succeed or fail in the degrees that they operate consistently with these laws.

  Ray Dalio

  Life, Believe, Law

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• I have no use whatsoever for projections or forecasts. They create an illusion of apparent precision. The more meticulous they are, the more concerned you should be. We never look at projections, but we care very much about, and look very deeply at, track records. If a company has a lousy track record, but a very bright future, we will miss the opportunity.

  Warren Buffett

  Opportunity, Track, Missing

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• Nihil est incertius vulgo, nihil obscurius voluntate hominum, nihil fallacius ratione tota comitiorum. (Nothing is more unpredictable than the mob, nothing more obscure than public opinion, nothing more deceptive than the whole political system.)

  Marcus Tullius Cicero

  Political, Public Opinion, Obscure

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• Most people, whether bull or bear, when they are right, are right for the wrong reason, in my opinion.

  Jesse Lauriston Livermore

  People, Bulls, Bears

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• Nothing important on Wall Street can be counted on to occur exactly in the same way as it happened before.

  Benjamin Graham

  Wall, Important, Way

  Benjamin Graham (1965). “The Intelligent Investor: A Book of Practical Counsel”, p.33, Prabhat Prakashan

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• All sensible investing is value investing

  Charlie Munger

  Sensible, Values

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