Investing Quotes - Page 17

Make sure you have the courage to stay true to your convictions and not let the market affect your emotions.

Have patience. Stocks don't go up immediately.

Earnings can change dramatically. Usually assets change slowly.

In the book of things people more often do wrong than right, investing must certainly top the list, followed closely by wallpapering and eating artichokes

The natural-born investor is a myth.

More money is lost anticipating the changes in the overall stock market than any other way of investing.

Visiting stores and testing products is one of the critical elements of the analyst's job.

If you hope to have more money tomorrow than you have today, you've got to put a chunk of your assets into stocks. Sooner or later, a portfolio of stocks or stock mutual funds will turn out to be a lot more valuable than a portfolio of bonds or CDs or money-market funds.

Behind every stock is a company. Find out what it's doing.

[U]nemployment is ... a side effect of the cure for inflation.

Hint: money flows into most funds after good performance, and goes out when bad performance follows.

Bureaucracies are progressive. meaning they have a burning fear that someone. somewhere, is doing something without permission.

Fear has a far greater grasp on human action than the impressive weight of historical evidence.

In almost every walk of life, people buy more at lower prices; in the stock market they seem to buy more at higher prices.

Investing is for wealth preservation, not wealth creation, so first you have to make wealth.

I don't understand it. Jack will spend any amount of money to buy votes but he balks at investing a thousand dollars in a beautiful painting.

It is possible to increase paper-money income to any amount by debasing the currency. But real income can only be increased by working harder or more efficiently, saving more, investing more, and producing more.

When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold.

I don't think the Federal Reserve has any role in how high rates are right now. I don't understand why everyone is paying attention to this tapering. The Fed is using one kind of bond to buy another kind of bond. What's the big deal, and why is anyone taking the Fed seriously?

You've got to have models in your head and you've got to array you experience - both vicarious and direct - onto this latticework of mental models.

Berkshire was built on the eternal verities: basic mathematics, basic horse sense, basic fear, and basic diagnosis of human nature to make predictions regarding human behavior. We stuck to the basics with a certain amount of discipline and it has worked out quite well.

Over many decades, our usual practice is that if something we like goes down, we buy more and more. Sometimes something happens, you realize you’re wrong, and you get out. But if you develop correct confidence in your judgment, buy more and take advantage of stock prices.

There are worse situations than drowning in cash and sitting, sitting, sitting. I remember when I wasn’t awash in cash — and I don’t want to go back.

You can never go wrong betting on Americans' bad eating habits. So I've made a ton investing in all fast food chains, while at the same time investing in Dockers, spandex, Spanx, and sweatpants. Basically, anything with an elastic waistband is a goldmine.

In an ideal world, the intelligent investor would hold stocks only when they are cheap and sell them when they become overpriced, then duck into the bunker of bonds and cash until stocks again become cheap enough to buy.