Occupation: Businessman Birth: January 19, 1944
You just don't know when you can find the bottom..
Behind every stock is a company. Find out what it's doing..
My high-tech aversion caused me to make fun of the typical biotech enterprise: $100 million in cash from selling shares, one hundred Ph.D.'s, 99 micr….
Never buy anything that you can't illustrate on the back of a napkin..
I'm always fully invested. It's a great feeling to be caught with your pants up..
All the time and effort people devote to picking the right fund, the hot hand, the great manager have, in most cases, led to no advantage..
It would be wonderful if we could avoid the setbacks with timely exits, but nobody has figured out how to predict them..
It only takes a handful of big winners to make a lifetime of investing worthwhile..
If you're prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quic….
There seems to be an unwritten rule on Wall Street: If you don't understand it, then put your life savings into it. Shun the enterprise around the co….
All you need for a lifetime of successful investing is a few big winners, and the pluses from those will overwhelm the minuses from the stocks that d….
It's human nature to keep doing something as long as it's pleasurable and you can succeed at it, which is why the world population continues to doubl….
In the long run, a portfolio of well chosen stocks and/or equity mutual funds will always outperform a portfolio of bonds or a money-market account. ….
There's a company behind every stock and a reason companies - and their stocks - perform the way they do..
It isn't the head but the stomach that determines the fate of the stockpicker..
I like to buy a company any fool can manage because eventually one will..
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..
When even the analysts are bored, it's time to start buying..
That's not to say there's no such thing as an overvalued market, but there's no point worrying about it..
In business, competition is never as healthy as total domination..
Invest in businesses any idiot could run, because someday one will..