Investing Quotes - Page 32

Wouldn't it be amazing if we spent as much energy investing in experiences as we do investing in things?

Successful contrarian investing requires us to live with discomfort, for being "wrong" and alone. But bargains do not exist in the absence of fear.

The most important attribute for success in value investing is patience, patience, and more patience. The majority of investors do not possess this characteristic.

Happiness worth having is the warm glow that comes from investing ourselves in the world around us, come what may. It cannot be passively consumed or gulped down like a sugary drink. Happiness must be created by own ingenuity.

...theories should be judged by their ability to predict events rather than by the realism of their assumptions.

The Fed was largely responsible for converting what might have been a garden-variety recession, although perhaps a fairly severe one, into a major catastrophe. Instead of using its powers to offset the depression, it presided over a decline in the quantity of money by one-third from 1929 to 1933 ... Far from the depression being a failure of the free-enterprise system, it was a tragic failure of government.

Very little evidence was found that any individual fund was able to do significantly better than that which we expected from mere random chance.

In the financial world it tends to be misleading to state, "There is no free lunch." Rather the more meaningful comment is, "Somebody has to pay for lunch."

We attracted a lot of market timers and asset allocators. I don't need those ... amateurs in my fund.

Where prejudice exists it always discolors our thoughts.

A banker is somebody who lends you an umbrella & takes it away as soon as it starts raining.

If some lose their whole fortunes, they will drag many more down with them . . . believe me that the whole system of credit and finance which is carried on here at Rome in the Forum, is inextricably bound up with the revenues of the Asiatic province. If Those revenues are destroyed, our whole system of credit will come down with a crash.

Occasions when you can change your mind should be cherished, because they mean you're smarter than you were before.

It's much more profitable to sell investing advice than to follow it.

An outstanding addition to the volumes written on value investing. Not only do the authors offer their own valuable insights but they have provided in one publication invaluable insights from some of the most accomplished professionals in the investment business. I would call this publication a must-read for any serious investor.

I plan to eliminate regulations that hinder domestic companies, particularly large conglomerates from investing in other companies.

Since a relationship involves two members investing in it, its value increases twice as fast as one's investment.

A sound banker, alas, is not one who foresees danger and avoids it, but one who, when he is ruined, is ruined in a conventional way along with his fellows, so that no one can really blame him.

Investment based on genuine long-term expectations is so difficult today as to be scarcely practicable.

The current financial crisis calls out for new products and services as well as more, not less, information about what is safe and profitable in the future environment.

You want to be greedy when others are fearful.

If I were investing in oil and gas stocks, there is one question I would ask CEO's: What portion of your capital is going to have to go in to stay even

In the case of a meltdown, the regulatory authorities may find themselves obliged to step in to preserve the integrity of the system. It is in that light that the authorities have both a right and an obligation to supervise and regulate derivative instruments.

If you can feel that staying human is worth while, even when it can't have any practical result whatsoever, you've beaten them.

There is safety in numbers.