Investing Quotes - Page 26

• I think that, every time you saw the word EBITDA, you should substitute the word "bullshit" earnings.

  Charlie Munger

  Thinking, Bullshit, Saws

  29 Copy quote

• Warren spends 70 hours a week thinking about investing .

  Charlie Munger

  Thinking, Week, Hours

  14 Copy quote

• We have to have a special insight, or we'll put it in the 'too tough' basket. All of you have to look for a special area of competency and focus on that.

  Charlie Munger

  Focus, Special, Looks

  14 Copy quote

• Suppose you were a real estate investor with a 1/3 interest in the best apartment complex in town, the best mall, and the best office building. Would you feel like a poor, undiversified investor? No! But as soon as you get into stocks, people feel this way. Partly, people need to justify their fees.

  Charlie Munger

  Real, Office, People

  15 Copy quote

• 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.

  Jeremy Grantham

  Risk, Buying, Assets

  "A little perspective, please". Interview with Janice Revell and Joe Light, money.cnn.com. October 10, 2008.

  4 Copy quote

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• I tried to follow Ben Graham's ideas.

  Walter Schloss

  Ideas, Values

  9 Copy quote

• We do not spend a great deal of time talking to management.

  Walter Schloss

  Talking, Management, Deals

  15 Copy quote

• I helped Ben with the third edition of Security Analysis, published in 1951.

  Walter Schloss

  Analysis, Thirds, Security

  10 Copy quote

• When you buy a depressed company it's not going to go up right after you buy it, believe me.

  Walter Schloss

  Believe, Company, Values

  21 Copy quote

• Sell is tough. It's the worst, it's the most difficult thing of all.

  Walter Schloss

  Tough, Worst, Difficult

  9 Copy quote

• You never get the high and you never get the low.

  Walter Schloss

  Lows, Values

  9 Copy quote

• Each year we buy stocks and they go up, we sell them and then we try to buy something cheaper.

  Walter Schloss

  Years, Trying, Cheaper

  18 Copy quote

• My first job at Graham-Newman was to prepare the annual report for that 10th year.

  Walter Schloss

  Jobs, Years, Firsts

  9 Copy quote

• I agree with Warren to keep it simple and not use higher mathematics in your analysis.

  Walter Schloss

  Simple, Analysis, Use

  11 Copy quote

• You have to be a little aware of the emotions of the people who have invested with you.

  Walter Schloss

  People, Littles, Emotion

  8 Copy quote

• Warren is a very good judge of people and he's a very good judge of businesses.

  Walter Schloss

  People, Judging, Very Good

  7 Copy quote

• Ben's emphasis was on protecting his expectation of profit with minimum risk.

  Walter Schloss

  Expectations, Risk, Emphasis

  7 Copy quote

• You know, people tend to like to buy companies that are doing well.

  Walter Schloss

  People, Company, Wells

  7 Copy quote

• We like to buy stocks which we feel are undervalued and then we have to have the guts to buy more when they go down.

  Walter Schloss

  Guts, Feels, Undervalued

  16 Copy quote

• My job was to find stocks that were undervalued.

  Walter Schloss

  Jobs, Undervalued, Values

  7 Copy quote

• Ben was really a contrarian but he didn't use those terms because he was really buying value.

  Walter Schloss

  Use, Buying, Term

  12 Copy quote

• You have to invest the way that's comfortable for you.

  Walter Schloss

  Way, Comfortable, Values

  17 Copy quote

• Fear and greed tend to affect one's judgement.

  Walter Schloss

  Greed, Judgement, Values

  9 Copy quote

• By setting up Berkshire Hathaway, Warren has done everything very rationally.

  Walter Schloss

  Done, Settings, Values

  10 Copy quote

• I found that it was much better to look at the figures rather than people.

  Walter Schloss

  People, Looks, Found

  10 Copy quote