Investing Quotes - Page 15

• The United States has experienced high rates of inflation in the past and appears to be running the same type of fiscal policies that engendered hyperinflations in 20 countries over the past century.

  Laurence Kotlikoff

  Running, Country, Past

  "US 'could be going bankrupt'" by Edmund Conway, www.telegraph.co.uk. July 14, 2006.

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• Speculators often prosper through ignorance; it is a cliché that in a roaring bull market knowledge is superfluous and experience is a handicap. But the typical experience of the speculator is one of temporary profit and ultimate loss

  Benjamin Graham

  Ignorance, Loss, Typical

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• My advice to this investor is the same that I give to the young investors in my classes Devote the same earnest attention to investing that $50,000 as you devoted to earning it.

  Ivan Boesky

  Earning It, Class, Giving

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• Experience taught me to listen to your gut, no matter how good something sounds on paper.

  Donald Trump

  Investing Money, Entrepreneur, Paper

  Donald J. Trump, Tony Schwartz (2009). “Trump: The Art of the Deal”, p.28, Ballantine Books

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

  Lee Myung-bak

  Regulation, Plans, Company

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• We really can say no in 10 seconds or so to 90%+ of all the things that come along simply because we have these filters.

  Warren Buffett

  Filters, Seconds

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• The more cash that builds up in the treasury, the greater the pressure to piss it away.

  Peter Lynch

  Cash, Pressure, Treasury

  Peter Lynch (2012). “One Up On Wall Street: How To Use What You Already Know To Make Money In”, p.205, Simon and Schuster

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• Wall Street is littered with the bones of those who knew just what to do, but could not bring themselves to do it.

  William J. Bernstein

  Wall, Bones, Streets

  William J. Bernstein (2009). “The Investor's Manifesto: Preparing for Prosperity, Armageddon, and Everything in Between”, John Wiley & Sons

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• No one in his right mind would walk into the cockpit of an airplane and try to fly it, or into an operating theater and open a belly. And yet they think nothing of managing their retirement assets. I've done all three, and I'm here to tell you that managing money is, in its most critical elements even more demanding than the first two.

  William J. Bernstein

  Retirement, Airplane, Thinking

  "Behavioral Finance And Indexing". Interview with Murray Coleman, www.etf.com. June 12, 2008.

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• The American economy is going to do fine. But it won't do fine every year and every week and every month. I mean, if you don't believe that, forget about buying stocks anyway... It's a positive-sum game, long term. And the only way an investor can get killed is by high fees or by trying to outsmart the market.

  Warren Buffett

  Believe, Mean, Years

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• The active investors will have their returns diminished by a far greater percentage than will their inactive brethren. That means that the passive group - the "know-nothings" - must win.

  Warren Buffett

  Mean, Winning, Groups

  "Berkshire’s Corporate Performance vs. the S&P 500". "2007 Chairman’s letter" by Warren Buffett, Fanciful Figures – How Public Companies Juice Earnings, p.18, www.berkshirehathaway.com. February, 2008.

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• Investors, of course, can, by their own behavior make stock ownership highly risky. And many do. Active trading, attempts to "time" market movements, inadequate diversification, the payment of high and unnecessary fees to managers and advisors, and the use of borrowed money can destroy the decent returns that a life-long owner of equities would otherwise enjoy. Indeed, borrowed money has no place in the investor's tool kit.

  Warren Buffett

  Long, Tools, Use

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• On average, 90 percent of the variability of returns and 100 percent of the absolute level of return is explained by asset allocation.

  Roger G. Ibbotson

  Average, Levels, Return

  "Does Asset Allocation Policy Explain 40%, 90% or 100% of Performance?". Study by Roger G. Ibbotson and Paul D. Kaplan, www.huffingtonpost.com. December 1998, revised April 1999.

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• We've got to control our own energy. Now, not only oil and natural gas, which we've been investing in; but also, we've got to make sure we're building the energy source of the future, not just thinking about next year, but ten years from now, 20 years from now. That's why we've invested in solar and wind and biofuels, energy efficient cars.

  Barack Obama

  Thinking, Years, Wind

  Source: www.realclearpolitics.com

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• Value investing is predicated on the efficient market hypothesis being wrong.

  Seth Klarman

  Hypothesis, Efficient, Being Wrong

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• Value investing requires a great deal of hard work, unusually strict discipline, and a long-term investment horizon. Few are willing and able to devote sufficient time and effort to become value investors, and only a fraction of those have the proper mind-set to succeed.

  Seth Klarman

  Hard Work, Discipline, Long

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• By investing at a discount, Benjamin Graham knew that he was unlikely to experience losses.

  Seth Klarman

  Loss, Unlikely, Discounts

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• there are all kinds of wonderful new inventions that give you nothing as owners except the opportunity to spend a lot more money in a business that's still going to be lousy. The money still won't come to you. All of the advantages from great improvements are going to flow through to the customers.

  Charlie Munger

  Opportunity, Giving, New Inventions

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

  John Kenneth Galbraith

  Pundits, Knows, Forecasts

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• When a possibility is unfamiliar to us, we do not even think about it.

  Nate Silver

  Thinking, Possibility, Unfamiliar

  Nate Silver (2012). “The Signal and the Noise: Why So Many Predictions Fail-but Some Don't”, p.287, Penguin

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• If you knew what was going to happen in the economy, you still wouldn't necessarily know what was going to happen in the stock market.

  Warren Buffett

  Economy, Stills, Happens

  "What Warren thinks". Interview with Nicholas Varchaver, archive.fortune.com. April 14, 2008.

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• Investing in women's lives is an investment in sustainable development, in human rights, in future generations - and consequently in our own long-term national interests.

  Liya Kebede

  Rights, Long, Generations

  "Let’s Make Mother’s Day a Global Reality" by Liya Kebede, www.huffingtonpost.com. June 7, 2009.

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• In ourselves, rather than in material nature, lie the true source and life of the beautiful. The human soul is the sun which diffuses light on every side, investing creation with its lovely hues, and calling forth the poetic element that lies hidden in every existing thing.

  Giuseppe Mazzini

  Beauty, Beautiful, Lying

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• The only preparation for prospering in the global economy is investing in ourselves.

  William J. Clinton

  Preparation, Economy, Prospering

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• If, instead of playing the horses, an individual chooses to play the market, that is his own affair. Only he must understand that speculating in stocks is gambling, not investing.

  Catherine Crook de Camp

  Horse, Gambling, Play

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