Occupation: Investor Birth: October 19, 1942
Acknowledge the complexity of the world and resist the impression that you easily understand it. People are too quick to accept conventional wisdom, ….
Commodities tend to zig when the equity markets zag..
I cannot invest the way I want the world to be; I have to invest the way the world is..
The biggest public fallacy is that the market is always right. The market is nearly always wrong. I can assure you of that..
Following what everyone else is doing is rarely a way to get rich..
If anybody laughs at your idea, view it as a sign of potential success!.
The last leg of a bull market always ends in hysteria; the last leg of a bear market always ends in panic..
If you want to make a lot of money, resist diversification..
If everyone thinks one way, it is likely to be wrong. If you can figure out that it is wrong, you are likely to make a lot of money..
Buy low and sell high. It's pretty simple. The problem is knowing what's low and what's high..
Bottoms in the investment world don't end with four-year lows; they end with 10- or 15-year lows..
History shows that people who save and invest grown and prosper, and the others deteriorate and collapse..
You will never get anywhere if you do not do your homework..
If you bail out every investment bank that gets in trouble, that's not capitalism, that's socialism for the rich.
I learned very early in my investing careers: I better not invest in what I want. I better invest in what's happening in the world. Otherwise I'll be….
Teach your children or your grandchildren Chinese. It is going to be the most important language of their lifetimes..
Diversification is something that stock brokers came up with to protect themselves, so they wouldn't get sued for making bad investment choices for c….
There is no such thing as a paper loss. A paper loss is a very real loss..
One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do... I just wait until th….
I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime..
Most successful investors, in fact, do nothing most of the time..