Occupation: Businessman Birth: January 19, 1944
Invest in businesses any idiot could run, because someday one will..
When management owns stock, then rewarding the shareholders becomes a first priority, whereas when management simply collects a paycheck, then increa….
The list of qualities (an investor should have) include patience, self-reliance, common sense, a tolerance for pain, open-mindedness, detachment, per….
Well, I think the secret is if you have a lot of stocks, some will do mediocre, some will do okay, and if one of two of 'em go up big time, you produ….
That's not to say there's no such thing as an overvalued market, but there's no point worrying about it..
I've always said, the key organ here isn't the brain, it's the stomach. When things start to decline - there are bad headlines in the papers and on t….
You have to let the big ones make up for your mistakes..
If you can follow only one bit of data, follow the earnings - assuming the company in question has earnings. I subscribe to the crusty notion that so….
You should not buy a stock because it's cheap but because you know a lot about it..
I spend about fifteen minutes a year on economic analysis..
Never invest in a company without understanding its finances. The biggest losses in stocks come from companies with poor balance sheets..
The real key to making money in stocks is not to get scared out of them..
All the math you need in the stock market you get in the fourth grade..
Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselve….
Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it..
Know what you own, and know why you own it..
I don't go near the money and the money doesn't go near me..
Thousands of experts study overbought indicators, oversold indicators, head-and-shoulder patterns, put-call ratios, the Fed's policy on money supply,….
There's no use diversifying into unknown companies just for the sake of diversity. A foolish diversity is the hobgoblin of small investors. That said….
If you go to Minnesota in January, you should know that it's gonna be cold. You don't panic when the thermometer falls below zero..
I can't recall ever once having seen the name of a market timer on Forbes' annual list of the richest people in the world. If it were truly possible ….