Investing Quotes - Page 24

Our stay-put behavior reflects our view that the stock market serves as a relocation center at which money is moved from the active to the patient.

I have no idea on timing. It’s easier to tell what will happen than when it will happen. I would say that what is going on in terms of trade policy is going to have very important consequences.

A prediction about the direction of the stock market tells you nothing about where stocks are headed, but a whole lot about the person doing the predicting.

I knew a lot about what I did when I was 20. I had read a lot, and I aspired to learn everything I could about the subject.

Read Ben Graham and Phil Fisher read annual reports, but don't do equations with Greek letters in them.

I've seen more people fail because of liquor and leverage -- leverage being borrowed money. You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing.

We enjoy the process far more than the proceeds.

We would do best in a market where everyone acted foolishly.

Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of even an outstanding company to catch up with the price they paid.

We get a feeling, if we can, about what we think the company is worth.

I have been around a long time and Wall Street has changed a lot.

This is a business. Like any other business.

I tried to follow Ben Graham's ideas.

I'm a passive investor. There are people who are very aggressive; they try to buy companies.

Sell is tough. It's the worst, it's the most difficult thing of all.

Fear and greed tend to affect one's judgement.

Remember that a share of stock represents a part of a business and is not just a piece of paper.

You never get the high and you never get the low.

One of the tricks of this business is, keep your losses down.

Be careful of leverage. It can go against you.

Price is the most important factor to use in relation to value.

Buy stocks where the outlook is not good.

'Statistics' show that 66% of clients are cured with psychotherapy; what statistics don't show is that 72% are cured without it.

That paper money has some advantages is admitted. But that its abuses also are inevitable and, by breaking up the measure of value, makes a lottery of all private property, cannot be denied.

People need to have the incentive that if they invest and succeed, they can make a fair profit. Otherwise they'll stop investing.