Warren Buffet
“Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.”
“Price is what you pay. Value is what you get.”
“Risk comes from not knowing what you’re doing.”
“Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.”
“If past history was all there was to the game, the richest people would be librarians.”
“Wide diversification is only required when investors do not understand what they are doing.”
“I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.”
“We don’t have to be smarter than the rest. We have to be more disciplined than the rest.”
“Cash combined with courage in a time of crisis is priceless.”
“If you have more than 120 or 130 I.Q. points, you can afford to give the rest away. You don’t need extraordinary intelligence to succeed as an investor.”
George Soros
“I’m only rich because I know when I’m wrong…I basically have survived by recognizing my mistakes.”
“The financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.”
“Markets are constantly in a state of uncertainty and flux, and money is made by discounting the obvious and betting on the unexpected.
“Unfortunately, the more complex the system, the greater the room for error.
David Dreman
“Practical investors usually learn their problem is finding enough outstanding investments, rather than choosing among too many.”
“Usually a very long list of securities is not a sign of the brilliant investor, but of one who is unsure of himself.”
“If you can’t do a thing better than others are doing it, don’t do it at all.”
“None of us likes to admit to himself that he has been wrong.”
Peter Lynch
“You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets.”
“Don’t bottom fish.”
“Everyone has the brainpower to follow the stock market. If you made it through fifth-grade math, you can do it.”
“The real key to making money in stocks is not to get scared out of them.”
“I think you have to learn that there’s a company behind every stock, and that there’s only one real reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.”
“Know what you own, and know why you own it.
“Twenty years in this business convinces me that any normal person using the customary three percent of the brain can pick stocks just as well, if not better, than the average Wall Street expert.”
John Neff
“Obsession with broad diversification is the sure road to mediocrity.“
“Investment success does not require glamour stocks or bull markets.”
“If you buy stocks when they are out of favor and unloved, and sell them into strength when other investors recognize their merits, you’ll often go home with handsome gains.”
“Conventional wisdom and preconceived notions are stumbling blocks as well as signs of opportunity.”
“There is a thin line between being a contrarian and being just plain stubborn. “
William J. O’Neil
“Ignorance rarely pays off in any walk of life, and it’s no different in the stock market.”
“Those who ignore what the market says usually pay a heavy price. Those who listen and who learn the difference between normal and abnormal action are said to have a ‘good feel for the market’”
“When picking winning stocks, it’s the bottom line that counts.”
“When you make a mistake in the stock market, the only sound thing to do is correct it. Pride and ego never pay off; neither does vacillation when losses start to show up.”
Mark Cuban
“I create offbeat advice; I don’t follow it. I rarely take third-party advice on my investments.”
“Go out there and get rich. Get so obnoxiously rich that when that tax bill comes, your first thought will be to choke on how big a check you have to write.”
“In the past, people used to tell me to shut up a bit. But what I believe is to put out your opinion and let everyone else react. If I’m wrong, I’m wrong.”
“What I’ve learned is that if you really want to be successful at something, you’ll find that you put the time in. You won’t just ask somebody if it’s a good idea, you’ll go figure out if it’s a good idea.”
David Rubenstein
“Persist – don’t take no for an answer. If you’re happy to sit at your desk and not take any risk, you’ll be sitting at your desk for the next 20 years.”
Carl Ichan
“You learn in this business: If you want a friend, get a dog.”
“The cardinal rule is to have enough capital at the end of the day. “
“In risk there is reward… “
Rene Rivkin
“When buying shares, ask yourself, would you buy the whole company?”
John Templeton
“The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell.”
“Work at being a humble person.
“The four most dangerous words in investing are: ‘this time it’s different.’”
“I wouldn’t call it radical; I would call it enthusiasm for progress.”
“I thought, I’m only going to be on this planet once, and only for a short time. What can I do with my life that will lead to permanent benefits?”
“If you are not egotistical, you will welcome the opportunity to learn more.”
“If we become increasingly humble about how little we know, we may be more eager to search.”
John Bogle
“If you have trouble imagining a 20% loss in the stock market, you shouldn’t be in stocks.”
Phillip Fisher
“The stock market is filled with individuals who know the price of everything, but the value of nothing.”
Robert Arnott
“In investing, what is comfortable is rarely profitable.”
Robert G. Allen
“How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.”
Paul Clitheroe
“Invest in yourself. Your career is the engine of your wealth.”
Jim Cramer
“Every once in a while, the market does something so stupid it takes your breath away.”
“I’ve lost tremendous amounts of money in various markets and I think that that’s something that makes you better at my job, not worse.”
“I mean it’s the most objective industry in the world. If your numbers stink, you’re out. If your numbers are good, you get more money. It’s the most Darwinian, it’s beautiful, it’s brutal, it works.”
“We are all wrong so often that it amazes me that we can have any conviction at all over the direction of things to come. But we must.”
Ben Graham
“The individual investor should act consistently as an investor and not as a speculator.”
“In the world of securities, courage becomes the supreme virtue after adequate knowledge and a tested judgment are at hand.”
“If you are shopping for common stocks, choose them the way you would buy groceries, not the way you would buy perfume.”
“The investor’s chief problem – and even his worst enemy – is likely to be himself.”
“Individuals who cannot master their emotions are ill-suited to profit from the investment process.”
“Even with a margin [of safety] in the investor’s favor, an individual security may work out badly. For the margin guarantees only that he has a better chance for profit than for loss – not that loss is impossible. But as the number of such commitments is increased the more certain does it become that the aggregate of the profits will exceed the aggregate of the losses.”
Robert Kitosaki
“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.”
Paul Samuelson
“Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.”
Ray Dalio
“More than anything else, what differentiates people who live up to their potential from those who don’t is a willingness to look at themselves and others objectively.”
Eddie Lampert
“This idea of anticipation is key to investing and to business generally. You can’t wait for an opportunity to become obvious. You have to think, “Here’s what other people and companies have done under certain circumstances. Now, under these new circumstances, how is this management likely to behave?”
T. Boone Pickens
“The older I get, the more I see a straight path where I want to go. If you’re going to hunt elephants, don’t get off the trail for a rabbit.”
Charlie Munger
“If you took our top fifteen decisions out, we’d have a pretty average record. It wasn’t hyperactivity, but a hell of a lot of patience. You stuck to your principles and when opportunities came along, you pounced on them with vigor.”
“Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.”
“It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.”
Jesse Livermore
“It takes time to make money.”
“Nobody can catch all the fluctuations.”
Seth Klarman
“While it might seem that anyone can be a value investor, the essential characteristics of this type of investor-patience, discipline, and risk aversion-may well be genetically determined”
“The stock market is the story of cycles and of the human behavior that is responsible for overreactions in both directions.”
“Generally, the greater the stigma or revulsion, the better the bargain.”
Martin Whitman
“Based on my own personal experience – both as an investor in recent years and an expert witness in years past – rarely do more than three or four variables really count. Everything else is noise.”
“We ignore outlooks and forecasts… we’re lousy at it and we admit it … everyone else is lousy too, but most people won’t admit it.”
if you guys ever have questions about trading email me kunal@bullson.ws
