Investing Quotes - Page 18

A defensive investor can always prosper by looking patiently and calmly through the wreckage of a bear market.

Never mingle your speculative and investment operations in the same account nor in any part of your thinking.

There is no possibility of failure because you only control your actions and they only influence the probable evolution of your life over stochastic future paths. There is no failure, only feedback.

My wheels are running. My investments are local, regional and international.

The only preparation for prospering in the global economy is investing in ourselves.

When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.

If you have more than 120 or 130 I.Q. points, you can afford to give the rest away. You don't need extraordinary intelligence to succeed as an investor.

We do not view the company itself as the ultimate owner of our business assets but instead view the company as a conduit through which our shareholders own assets.

Growth and value investing are joined at the hip.

I don't read economic forecasts. I don't read the funny papers.

Basically, we try to buy value expressed in the differential between its price and what we think its worth.

Stockbrokers aren't too interested in a stock you can sit there for five years with.

Making a decision to sell is the most difficult thing we do.

If the market is so cheap, you want to get something with a little more zip in it, or potential.

When I buy a stock, I have kind of an idea where I want to sell it.

Instead of investing in the goods as they pass between producer and consumer, as the merchant does, the businessman now invests in the processes of industry.

At the time we acquired Viacom, everyone said I had overpaid. But even at today's depressed prices, that investment is worth billions. Everyone was saying MTV was a fad. I knew better.

It is crucial to have a strategy in place before problems hit, precisely because no one can accurately predict the future direction of the stock market or economy. Value investing, the strategy of buying stocks at an appreciable discount from the value of the underlying businesses, is one strategy that provides a road map to successfully navigate not only through good times but also through turmoil.

Active management is little more than a gigantic con game.

Investing isn’t risky; not being in control is risky.

There are far more good answers "out there" than there are in you.

Long-term investing has gotten so popular, it's easier to admit you're a crack addict than to admit you're a short-term investor.

Investing is fun and exciting, but dangerous if you don't do any work.

Spend at least as much time researching a stock as you would choosing a refrigerator.

The sad truth is that it is precisely those who disagree most with the hypothesis of efficient market pricing of stocks, those who pooh-pooh beta analysis and all that, who are least able to understand the analysis needed to test that hypothesis.