Investing Quotes - Page 11

It was probably a mistake to allow gold to rise so high.

As a speculator you must embrace disorder and chaos.

People of privilege will always risk their complete destruction rather than surrender any material part of their advantage.

I never hesitate to tell a man that I am bullish or bearish. But I do not tell people to buy or sell any particular stock. In a bear market all stocks go down and in a bull market they go up.

Professional traders have always had some system or other based upon their experience and governed either by their attitude towards speculation or by their desires.

He who is greedy is always in want.

Spend each day trying to be a little wiser than you were when you woke up.

It never ceases to amaze me to see how much territory can be grasped if one merely masters and consistently uses all the obvious and easily learned principles.

Investing is where you find a few great companies and then sit on your ass.

The distinction between investment and speculation in common stocks has always been a useful one and its disappearance is cause for concern.

Always remember that market quotations are there for convenience, either to be taken advantage of or to be ignored.

High valuations entail high risks.

Thousands of people have tried, and the evidence is clear: The more you trade, the less you keep.

Anything can happen anytime in markets. And no advisor, economist, or TV commentator-and definitely not Charlie nor I-can tell you when chaos will occur. Market forecasters will fill your ear but will never fill your wallet.

The investor of today does not profit from yesterday's growth.

Fear and greed are probably the worst emotions to have in connection with the purchase and sale of stocks.

Experience is what you get when you didn't get what you wanted.

I talk to hundreds of companies a year and spend hour after hour in heady pow-wows with CEOs, financial analysts and my colleagues in the mutual-fund business, but I stumble onto the big winners in extracurricular situations, the same way you do.

In the long run, a portfolio of well chosen stocks and/or equity mutual funds will always outperform a portfolio of bonds or a money-market account. In the long run, a portfolio of poorly chosen stocks won't outperform the money left under the mattress.

All the math you need in the stock market you get in the fourth grade.

The only product that's worth investing in is a fully functional musculoskeletal system. It's no luxury but rather a basic necessity that's within everyone's reach.

Put not your trust in money, but put your money in trust.

Too large a proportion of recent "mathematical" economics are mere concoctions, as imprecise as the initial assumptions they rest on, which allow the author to lose sight of the complexities and interdependencies of the real world in a maze of pretentious and unhelpful symbols.

The man who is admired for the ingenuity of his larceny is almost always rediscovering some earlier form of fraud. The basic forms are all known, have all been practiced. The manners of capitalism improve. The morals may not.

A minuscule 4 percent of funds produce market-beating after-tax results with a scant 0.6 percent (annual) margin of gain. The 96 percent of funds that fail to meet or beat the Vanguard 500 Index Fund lose by a wealth-destroying margin of 4.8 percent per annum.