Investing Quotes - Page 25

Value investing is the discipline of buying shares at a significant discount from their current underlying values and holding them until more of their value is realised. The element of a bargain is the key to the process.

In investing it is never wrong to change your mind. It is only wrong to change your mind and do nothing about it.

Someone who seeks low-risk investments never really feels investing is safe and someone who is always right eventually winds up wrong

In our society, it's been the men who've handled most of the finances, and the women who've stood by and watched men botch things up.

The debate can be put in the form of the question: Resolved, that the best of money managers cannot be demonstrated to be able to deliver the goods of superior portfolio-selection performance. Any jury that reviews the evidence, and there is a great deal of relevant evidence, must at least come out with the Scottish verdict: Superior investment performance is unproved.

There is no such thing as a value trap. There are investing mistakes.

It's important for you to understand that stock and bonds go up-and they go down. You need to be comfortable with that fact.

I favour passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices.

Diversification is your buddy.

Diversification is a surrogate - and a damn poor surrogate - for knowledge, elements of control, and priceconsciousness.

If it's obvious, it's obviously wrong.

The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.

It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought.

Pundits forecast not because they know, but because they are asked.

It's 1450 out of 1500 ETF funds that I just wouldn't touch because they're not diversified enough. Or they have some huge speculative twist to them that if you can guess the markets right you will do very well for a day or two but who can do that? Nobody.

Index investing outperforms active management year after year.

President Marcos was investing in precious metals long before he entered politics.

I advise women to invest in real estate. It is the collateral to be preferred above all others, and the safest means of investing money.

There are two kinds of people who lose money: those who know nothing and those who know everything.

Economics seeks to be a science. Science is supposed to be objective and it is difficult to be scientific when the subject matter, the participant in the economic process, lacks objectivity.

Whenever there is a conflict between universal principles and self-interest, self-interest is likely to prevail.

If the governments devalue the currency in order to betray all creditors, you politely call this procedure 'inflation'.

The distribution of the market is fat-tailed relative to the normal distribution... For passive investors, none of this matters, beyond being aware that outlier returns are more common than would be expected if return distributions were normal.

Why did God invent economists? To make weathermen feel good about themselves.

I've always viewed high-frequency trading as a tax on the rest of us.