Stocks

Intelligent investors

Intelligent Investors try to separate their emotions of hope, fear, and greed from their trust in reason, and then expect that wisdom will prevail over the long term. Hope, fear, and greed go along with the volatile market of short-term expectations, while trust in reason goes with the real market of long-term intrinsic value. In this sense, long-term investors must be philosophers rather...

Invest

All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies. Warren Buffett - American value investor, Chairman of Berkshire Hathaway (b. 1930), from "Warren Buffett Triples Profits", "New York Post" (May 14, 1994), Quotations book 2020

Longterm

If, when making a stock investment, you"re not considering holding it at least ten years, don"t waste more than ten minutes considering it. Warren Buffett - American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2020

Think like an owner

Shares are not mere pieces of paper. They represent part ownership of a business. So, when contemplating an investment, think like a prospective owner. Warren Buffett - American value investor, Chairman of Berkshire Hathaway (b. 1930)

Unpredictable stock market

If you believe you or anyone else has a system that can predict the future of the stock market, the joke is on you. Ralph Wanger - American fund manager (b. 1934), from "A Zebra in Lion Country" (1999)

Endurance

Time is your friend, impulse is your enemy. John C. Bogle - American author and founder of The Vanguard Group and the world’s first index mutual fund (b. 1929)

Be prepared

If you have trouble imagining a 20% loss in the stock market, you shouldn"t be in stocks. John C. Bogle - American author and founder of The Vanguard Group and the world’s first index mutual fund (1929-2019)

Stock market

In the long run, the stock market is 100% economics and 0% emotions. John C. Bogle - American author and founder of The Vanguard Group and the world’s first index mutual fund (1929-2019)

Benchmark-indifferent

Pick cheap stocks. If you are any good at it, they will do better than the good, the bad and the ugly included in the index. Massimo Fuggetta – Italian Asset manager, CIO at Bayes Investments (b. 1961), in his presentation "Investing: Theory vs. practice" (14 March 2019)

Precaution

Before you attempt to beat the odds, make sure you can survive the odds beating you. Dr. Lawrence "Larry" Kersten - American sociologist and author (1933-2006), Quotations book 2017

Long-term

The longer the time horizon, the better the performance is likely to be. Louis A. "Lou" Simpson - American investor (b. 1936), Quotations book 2017

Courage for the unpopular

Take advantage of the high rate of analyst forecast error by simply investing in out-of-favour stocks. David N. Dreman – Canadian investor, founder and Chairman Dreman Value management (b. 1936), in "Contrarian Investment Strategies: The Next Generation", rule 10 (1998), Quotations book 2017

Investment Success

The unfortunate reality is that investment success cannot be captured in a mathematical equation or a computer program. Seth A. Klarman - American investor, president and CEO: The Baupost Group, LLC (b. 1957), from "Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor" (2000)

Niche

Most leading brokers cannot spare the time and money to research smaller stocks. You are therefore more likely to find a bargain in this relatively under-exploited area of the stock market. James D. "Jim" Slater - British entrepreneur and investor (1929-2015), from "The Zulu Principle: Making Extraordinary Profits from Ordinary Shares" (1992)

Valor

Do you really like a particular stock? Put 10 percent or so of your portfolio on it. Make the idea count. ... Good [investment] ideas should not be diversified away into meaningless oblivion. William H. "Bill" Gross - American Fonds Manager and company founder (b. 1944), from "Everything You’ve Heard About Investing Is Wrong! How to Profit in the Coming Post-Bull Markets" (1997), Quotations...

Sow and reap

If everything you do needs to work on a three-year time horizon, then you’re competing against a lot of people. But if you’re willing to invest on a seven-year time horizon, you’re now competing against a fraction of those people, because very few companies are willing to do that. Just by lengthening the time horizon, you can engage in endeavors that you could never otherwise pursue. At...

Stock market success

To make money in stocks you must have the vision to see them. The courage to buy them and the patience to hold them. George Fisher Baker - American financier and philanthropist (1840-1931), quoted by Thomas Phelps (American stocks analyst, 1902-1992) in "100 to 1 in the Stock Market" (1972), Quotations book 2015

Time to sell

When good news about the market hits the front page of the New York Times, sell. Bernard M. Baruch - American financier, adviser to several American presidents (1870-1965), Quotations book 2015

Intelligent investment

Investment is most intelligent, when it is most businesslike. Benjamin Graham - born as Benjamin Großbaum, American investor and inventor of systematic stocks analysis (1894-1976), from "The Intelligent Investor" (1949), Quotations book 2015