Investing Quotes - Page 23

One's knowledge and experience are definitely limited and there are seldom more than two or three enterprises at any given time in which I personally feel myself entitled to put full confidence.

If you owe your bank manager a thousand pounds, you are at his mercy. If you owe him a million pounds, he is at your mercy.

But whatever the consensus on the EMH, I know of no serious academic, professional money manager, trained security analyst, or intelligent individual investor who would disagree with the thrust of EMH: The stock market itself is a demanding taskmaster. It sets a high hurdle that few investors can leap.

Managed funds are astonishingly tax-inefficient.

If I have any claim to originality, I do it by investing my own personality into it, so it's coming from a slightly more sardonic, English point of view.

It's one of the most important things at the end of the day, being able to say no to an investment.

I will not just live my life. I will not just spend my life. I will invest my life.

Globalization has rendered the world increasingly interdependent, but international politics is still based on the sovereignty of states.

Cryptography [without system integrity] is like investing in an armored car to carry money between a customer living in a cardboard box and a person doing business on a park bench.

Experience taught me to listen to your gut, no matter how good something sounds on paper.

I would not pre-pay. I would invest instead and let the investments cover it.

Wait until companies have an initial prototype, have shown that they have the potential to be profitable and have the ability to scale. That's the best time to invest.

Timing is everything in this markets.

Many of the biggest and most far-reaching investments we make in our lives are investments that have little or nothing to do with money.

You should expect little or nothing from Wall Street stock pickers who hope to be more accurate than the market in predicting the future of prices. And you should not expect much from pundits making long-term forecasts.

The only intelligence investing is value investing...to acquire more than one is paying for.

The returns from investing in poor people are just as great as the returns from investing in the business world... and have even more meaning

Investing for the poor requires participation from the entire community.

Whatever men attempt, they seem driven to overdo. When hopes are soaring, I always repeat to myself that two and two still make four.

The ideal form of common stock analysis leads to a valuation of the issue which can be compared with the current price to determine whether or not the security is an attractive purchase.

Nothing important on Wall Street can be counted on to occur exactly in the same way as it happened before.

Wall Street has a few prudent principles; the trouble is that they are always forgotten when they are most needed.

Mr. Market does not always price stocks the way an appraiser or a private buyer would value a business. Instead, when stocks are going up, he happily pays more than their objective value; and, when they are going down, he is desperate to dump them for less than their true worth.

There is scarcely an instance of a man who has made a fortune by speculation and kept it

99% of fund managers demonstrate no evidence of skill whatsoever.