Investing Quotes - Page 18

• I conceive, therefore, that a somewhat comprehensive socialisation of investment will prove the means of securing an approximation to full employment.

  John Maynard Keynes

  Mean, Employment, Investment

  John Maynard Keynes (2006). “General Theory Of Employment , Interest And Money”, p.346, Atlantic Publishers & Dist

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• The U. S. is headed toward a period of business depression... beginning within the next two years, which may exceed that which preceded the War. ... The only thing that will save us is a new gold policy or the discovery of a new process or additional gold fields. If the fall [of gold production] is not prevented by design or accident we shall throttle business, wringing out all profits and experiencing all the evils of deflation.

  Irving Fisher

  War, Fall, Discovery

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• Self-importance requires spending most of one's life offended by something or someone.

  Carlos Castaneda

  Self, Juan, Spending

  Carlos Castaneda (2009). “The Wheel Of Time: The Shamans Of Mexico Their Thoughts About Life De”, p.230, Simon and Schuster

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• The Americans are good about making fancy cars and refrigerators, but that doesn't mean they are any good at making aircraft. They are bluffing. They are excellent at bluffing.

  Hermann Goring

  Mean, Fancy Cars, Excellent

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• The more people who believe something, the more apt it is to be wrong. The person who's right often has to stand alone.

  Soren Kierkegaard

  Believe, People, Stand Alone

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• On the issue of inflation, I think I could solve it no matter how much money it took.

  Pat Paulsen

  Thinking, Issues, Matter

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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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• By developing your discipline and courage, you can refuse to let other people's mood swings govern your financial destiny. In the end, how your investments behave is much less important than how you behave.

  Benjamin Graham

  Destiny, Swings, Discipline

  Benjamin Graham (2009). “The Intelligent Investor, Rev. Ed”, p.13, Harper Collins

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• Price fluctuations have only one significant meaning for the true investor. They provide him with an opportunity to buy wisely when prices fall sharply and to sell wisely when they advance a great deal.

  Benjamin Graham

  Fall, Opportunity, Significant

  Benjamin Graham (1959). “The Intelligent Investor: A Book of Practical Counsel”

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• In business we often find that the winning system goes almost ridiculously far in maximizing and or minimizing one or a few variables - like the discount warehouses of Costco.

  Charlie Munger

  Winning, Variables, Maximizing

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• We're not forcing people... you can support and be a supporter, but if you go beyond that and become a member, [and] if you're a businessman, your business will multiply... Everything you touch will multiply. I've always said that a wise businessperson will support the ANC... because supporting the ANC means you're investing very well in your business.

  Jacob Zuma

  Wise, Mean, People

  Jacob Zuma'sremarks at the 101st Anniversary Gala Dinner of the African National Congress in Durban, January 12, 2013.

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• Most of the mutual fund investments I have are index funds, approximately 75%.

  Charles R. Schwab

  Mutual Fund, Investment, Index Funds

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• The key to making money in angel investing is saying no. You meet with 100 companies and say no to 99 of them.

  Kevin Rose

  Angel, Keys, Saying No

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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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• The word passive does a disservice to investors considering their options. Indexing provides an effective means of owning the market and allows investors to participate in the returns of a basket of stocks. The basket of stocks changes over time as stocks are added or removed based on its rules.

  Charles R. Schwab

  Mean, Doe, Return

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• 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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• The thing that I have been emphasizing in my own work for the last few years has been the group approach. To try to buy groups of stocks that meet some simple criterion for being undervalued-regardless of the industry and with very little attention to the individual company.

  Benjamin Graham

  Simple, Years, Trying

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• Many of us economists who believe in efficiency do so because we view markets as amazingly successful devices for reflecting new information rapidly and, for the most part, accurately.

  Burton Malkiel

  Believe, Successful, Views

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• Even if this advice to portfolio decision makers to drop dead is good advice, it obviously is not counsel that will be eagerly followed. Few people will commit suicide without a push. And fewer still will pay good money to be told to do what is against human nature and self-interest to do.

  Paul Samuelson

  Suicide, Self, People

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• The efficient market theory is one of the better models in the sense that it can be taken as true for every purpose I can think of. For investment purposes, there are very few investors that shouldn't behave as if markets are totally efficient.

  Eugene Fama

  Taken, Thinking, Purpose

  "A Father of Modern Finance" by Rebecca Rolfes, www.chicagobooth.edu. 2013.

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• Everybody has some information. The function of the markets is to aggregate that information, evaluate it and get it incorporated into prices.

  Merton Miller

  Information, Function, Evaluate

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• 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.

  David F. Swensen

  Gains, Wealth, Failing

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• 99% of fund managers demonstrate no evidence of skill whatsoever.

  William J. Bernstein

  Skills, Evidence, Fund

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• There is general agreement among researchers that nearly all stock pickers, whether they know it or not-and few of them do-are playing a game of chance.

  Daniel Kahneman

  Games, Agreement, Chance

  Daniel Kahneman (2011). “Thinking, Fast and Slow”, p.245, Macmillan

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• Finally, the illusions of validity and skill are supported by a powerful professional culture. We know that people can maintain an unshakeable faith in any proposition, however absurd, when they are sustained by a community of like-minded believers. Given the professional culture of the financial community, it is not surprising that large numbers of individuals in that world believe themselves to be among the chosen few who can do what they believe others cannot.

  Daniel Kahneman

  Powerful, Believe, Skills

  Daniel Kahneman (2011). “Thinking, Fast and Slow”, p.247, Macmillan

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