Explore Quotes on Investing

If I had to sum up my practical skills, I would use one word: survival. And operating a hedge fund utilized my training in survival to the fullest.

The hardest thing to judge is what level of risk is safe.

Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test. The main difference is that the hypothesis that underlies an investment decision is intended to make money and not to establish a universally valid generalization.

The main enemy of the open society, I believe, is no longer the communist but the capitalist threat.

I called gold the ultimate bubble, which means it may go higher. But it’s certainly not safe and it’s not going to last forever.

It is much easier to put existing resources to better use, than to develop resources where they do not exist.

Misconceptions play a prominent role in my view of the world.

If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring.

Investing in women is smart economics, and investing in girls, catching them upstream, is even smarter economics.

That paper money has some advantages is admitted. But that its abuses also are inevitable and, by breaking up the measure of value, makes a lottery of all private property, cannot be denied.

To create conditions in which competition will be as effective as possible, to prevent fraud and deception, to break up monopolies- these tasks provide a wide and unquestioned field for state activity.

Good tactics can save even the worst strategy. Bad tactics will destroy even the best strategy.

I’d compare stock pickers to astrologers but I don’t want to bad mouth astrologers.

The miracle of compounding returns has been overwhelmed by the tyranny of compounding costs.

It's amazing how difficult it is for a man to understand something if he's paid a small fortune not to understand it.

We need a mutual fund industry with both vision and values; a vision of fiduciary duty and shareholder service, and values rooted in the proven principles of long-term investing and of trusteeship that demands integrity in serving our clients.

If the data do not prove that indexing wins, well, the data are wrong.

The grim irony of investing, then, is that we investors as a group not only don't get what we pay for, we get precisely what we don't pay for. So if we pay for nothing, we get everything.

I’ve learned many things from him [George Soros], but perhaps the most significant is that it’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.

It turns out that value investing is something that is in your blood. There are people who just don't have the patience and discipline to do it, and there are people who do. So it leads me to think it's genetic.

Warren Buffett once wrote that value investing is like an inoculation--it either takes or it doesn't--and when you explain to somebody what it is and how it works and why it works and show them the returns, either they get it or they don't.