Deus … voluit mutua egestate et copia humanas foveri amicitias. … Neque vero censeri debet in usus paucorum reperta negotiatio, sed ut quod alteri deest alterius copia pensaretur. [God] wished human friendships to be engendered by mutual needs and resources. … It ought not to be supposed that trade was invented for the benefit of a few, but in order that the lack of one...
It takes a great deal of boldness and a great deal of caution to make a great fortune; and when you have got it, it requires ten times as much wit to keep it. Nathan Mayer Rothschild – German-born British banker (1777-1836)
You want to deliver to the world what you would buy if you were on the other end. Charlie Munger – Vice Chairman of Berkshire Hathaway (1924-2023), from his USC School of Law Commencement speech (May 13th, 2007)
Investing is not a battle of intellect but a battle of temperament. Robert “Rob” Vinall – British value investor, founder and managing director of RV Capital (b. 1973)
The big profits I have made were through very long planning, waiting and watching. Philip A. Fisher – American Growth investor and mentor of Warren Buffett (1907-2004)
I don’t think anyone can be a great investor unless you’re curious. You have to understand how to connect the dots. Henry K. Kravis – American businessman, investor, and philanthropist, co-founder KKR (b. 1944), in an interview with Alison Mass at the “Goldman Sachs Exchanges: Great Investors” (October 17, 2023)
Si yo te doy una moneda y tú me das a mí una moneda, cada uno de nosotros tendrá una moneda, pero si tú me das una idea y yo te doy una idea, cada uno de nosotros tendrá DOS ideas. Rafael del Pino Moreno – apodado “el Rey del Ladrillo”, constructor español y empresario fundador de Ferrovial (1920-2008), en el “Sala B Madrid” (noviembre de 2002) If I give you one...
I buy when things are low and nobody wants them. I keep them until they go up and people are crazy to get them. That is, I believe, the secret of all successful business. Henrietta “Hetty” Howland Robinson Green – American businesswoman and financier known as “the richest woman in America” during the Gilded Age (1834-1916), quoted in “The Richest Woman in...
– Do not cheat in business or you will find yourself in an early grave. – Do not fail to be fair in all things and do not kick a man when he is down. – Keep your word, for nothing is more valuable in business than a reputation for honesty and reliability. – Live below your means; save more than you spend and avoid needless display. – Avoid speculation and...
Running a business is just realizing how dumb you were 6 months ago every 6 months. Vikram Pai – Indian CEO & Co-founder of ReferRush (*b. 2003), in a message at “X”, formerly “Twitter” (June 3, 2026)
In the short run, the market is a voting machine but in the long run it is a weighing machine. Benjamin Graham – born as Benjamin Großbaum, American investor and inventor of systematic stocks analysis (1894-1976), quoted by Warren Buffett (American value investor, long-time Chairman of Berkshire Hathaway, b. 1930) in his letter to Berkshire Hathaway Shareholders...
A good company is better than it looks, a bad company is worse than it looks. Conni Jonsson – Swedish entrepreneur who has turned EQT Partners AB into one of the world’s leading private equity firms (b. 1960)
Find a horse worth riding in a race worth winning. David Morgenthaler – American businessman and venture pioneer: Morgenthaler Ventures (1919-2016)
People don’t want to buy a quarter-inch drill. They want a quarter-inch hole. marketing wisdom, quoted by Prof. Theodore Levitt – German-born American economist, coined the term “globalization” (1925-2006), Quotations book 2026
Survival is the only road to riches. Peter L. Bernstein – American financial historian, economist and educator (1919-2009), from an interview with Jason Zweig at his vacation home in Brattleboro, Vt. (July 28, 2004)
No progress without risk. Dr. Hendrik Leber – German investment and asset manager and consultant (*1967), title of the 22nd ACATIS Value Conference (16.5.2025), Quotations book 2026
Good management is rare at best, it is difficult to appraise, and it is undoubtedly the single most important factor in security analysis. Philip L. Carret – American investor, founder Pioneer Fund (1896-1998),from “The Tortoise Road to Wealth” (1963), Quotations book 2026
Customers are always beautifully, wonderfully dissatisfied, even when they report being happy and business is great. Even when they don’t yet know it, customers want something better, and your desire to delight customers will drive you to invent on their behalf. Jeffrey P. “Jeff” Bezos – American company founder: Amazon (b. 1964), in his letter to the Amazon shareholders 2016,...
Whenever you can buy a large amount of future earnings power for a low price, you have made a good investment. Sir John Marks Templeton – value investor and philanthropist (1912-2008), Quotations book 2026