Quotes on Investing

Diversification is protection against ignorance. It makes little sense if you know what you are doing.

Markets can remain irrational longer than you can remain solvent.

Gold is a way of going long on fear, and it has been a pretty good way of going long on fear from time to time. But you really have to hope people become more afraid in a year or two years than they are now. And if they become more afraid you make money, if they become less afraid you lose money, but the gold itself doesn’t produce anything.

It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought.

Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.

Even in a time of elephantine vanity and greed, one never has to look far to see the campfires of gentle people.

It has been said that the love of money is the root of all evil. The want of money is so quite as truly.

How selfish soever man may be supposed, there are evidently some principles in his nature, which interest him in the fortune of others, and render their happiness necessary to him, though he derives nothing from it, except the pleasure of seeing it.

It is remarkable, that persons who speculate the most boldly often conform with the most perfect quietude to the external regulations of society. The thoughts alone suffice them, without investing itself in the flesh and blood of action.

It is better to be roughly right than precisely wrong.

We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'

If a business does well, the stock eventually follows.

The investor of today does not profit from yesterday's growth.

Beware of geeks bearing formulas.

There seems to be some perverse human characteristic that likes to make easy things difficult.

You only have to do a very few things right in your life so long as you don't do too many things wrong.

An investor should act as though he had a lifetime decision card with just twenty punches on it.

A stupid man's report of what a clever man says can never be accurate, because he unconsciously translates what he hears into something he can understand.

The most difficult subjects can be explained to the most slow- witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him.

You have to be constantly reinventing yourself and investing in the future.

Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.