You're dealing with a lot of silly people in the marketplace; it's like a great big casino and everyone else is boozing. If you can stick with Pepsi, you should be OK.
Investors... can't pick stocks that are better than average. Stocks are a good thing to own over time. There's only two things you can do wrong: You can buy the wrong ones, and you can buy or sell them at the wrong time. And the truth is you never need to sell them.
The purpose of finance is to enable business to acquire the ownership of capital instruments before it has saved the funds to buy and pay for them. The logic used by business in investing is things that will pay for themselves is not today available to the 95% born without capital. Most of us owe instead of own. And the less the economy needs our labor, the less able we are to "save" our way to capital ownership.
Active management is little more than a gigantic con game.
No statement is more true and better applicable to Wall Street than the famous warning of Santayana: "Those who do not remember the past are condemned to repeat it".
First come the innovators, then come the imitators, then come the idiots.
Expertise is great, but it has a bad side effect: It tends to create the inability to accept new ideas.
You can be sure that over the next 10 years, you'll see something that you did not think was possible.
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.
Mr. Market's job is to provide you with prices; your job is to decide whether it is to your advantage to act on them. You no not have to trade with hime just because he constantly begs you to.
In an ideal world, the intelligent investor would hold stocks only when they are cheap and sell them when they become overpriced, then duck into the bunker of bonds and cash until stocks again become cheap enough to buy.
Try to buy assets at a discount than to buy earnings.
It was probably a mistake to allow gold to rise so high.
The good news in investing is there are no HR problems. If there are no humans, there are no problems!
Stop spending your time; start investing your time.
Some people, through luck and skill, end up with a lot of assets. If you're good at kicking a ball, writing software, investing in stocks, it pays extremely well.
Confusing speculation with investment is always a mistake.
Wall Street's favorite scam is pretending that luck is skill.
The greatest Enemies of the Equity investor are Expenses and Emotions.
If we become increasingly humble about how little we know, we may be more eager to search.
If given a choice between investing in someone who has read REWORK or has an MBA, I’m investing in REWORK every time. A must read for every entrepreneur.
Any man who is a bear on the future of this country will go broke.
Never invest in any idea you can't illustrate with a crayon
I favour passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices.
Some investments do have higher expected returns than others. Which ones? Well, by and large they're the ones that will do the worst in bad times.
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