Quotes in Investing
Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
In the business world, the rearview mirror is always clearer than the windshield.
Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.
The only time to buy these is on a day with no 'y' in it.
Most businesses change in character and quality over the years, sometimes for the better, perhaps more often for the worse. The investor need not watch his companiesâ€™ performance like a hawk; but he should give it a good, hard look from time to time.
Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency of most people to speculate or gamble... to give way to hope, fear and greed.
The investor's chief problem - and even his worst enemy - is likely to be himself.
Understanding how to be a good investor makes you a better business manager and vice versa.
It's not whether you're right or wrong, but how much money you make when you're right and how much you lose when you're wrong.