I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
The time of maximum pessimism is the best time to buy.
Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.
There are two kinds of investors, be thay large or small: those who don't know where the market is headed, and those who don't know that they don't know.
It never was my thinking that made the big money for me. It always was my sitting.
Before this century is over, the Dow Jones Industrial Average will probably be over one million versus around 10,000 now. So for the long-term, the outlook is tremendously bullish if you buy stocks blindly to keep for a century.
There is only one side to the stock market; and it is not the bull side or the bear side, but the right side
Sometimes your best investments are the ones you don't make.
It never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!
Men who can both be right and sit tight are uncommon.
There are two kinds of investors, be they large or small: those who don't know where the market is headed and those who don't know what they don't know. Then again, there is a third type of investor: the investment professional, who indeed knows he doesn't know, but whose livelihood depends upon appearing to know.
Bull-markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.
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.
Historically, there has been a bull market in commodities every 20 or 30 years.
Investment success does not require glamour stocks or bull markets.
To me the gold price takes the form of a very uncomplicated formula, and all you have to do is divide one by 'n.' And 'n', I'm glad you ask, 'n' is the world's trust in the institution of paper money and in the capacity of people like Ben Bernanke to manage it. So the smaller 'n', the bigger the price. One divided by a receding number is the definition of a bull market.
Stock market corrections, although painful at the time, are actually a very healthy part of the whole mechanism, because there are always speculative excesses that develop, particularly during the long bull market.
In most bull markets there comes a time when the public controls fluctuations and the efforts of the largest operators are insufficient to check the rising tide.
As a bull market continues, almost anything you buy goes up. It makes you feel that investing in stocks is a very easy and safe and that you're a financial genius.
...first check whether the market as a whole is rising or falling. In other words, are you in a bull market or bear market? If the latter, stay out. The odds are against you.
or simply:
