Quotes on Investing

After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!

The dominant propaganda systems have appropriated the term "globalization" to refer to the specific version of international economic integration that they favor, which privileges the rights of investors and lenders, those of people being incidental. In accord with this usage, those who favor a different form of international integration, which privileges the rights of human beings, become "anti-globalist."

A global economy is characterized not only by the free movement of goods and services but, more important, by the free movement of ideas and of capital.

Don't take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don't be an impatient trader.

To be an investor you must be a believer in a better tomorrow.

Investing in yourself is the best investment you will ever make. It will not only improve your life, it will improve the lives of all those around you.

Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes.

When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.

I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.

Most investors want to do today what they should have done yesterday.

Although it's easy to forget sometimes, a share is not a lottery ticket... it's part-ownership of a business.

It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.

The goal of a successful trader is to make the best trades. Money is secondary.

The introduction of a substantial Government transfer tax on all transactions might prove the most serviceable reform available,with a view to mitigating the predominance of speculation in the United States.

I have learned things from the game. Much of my knowledge of locations in Britain and Europe comes not from school, but from away games or the sports pages, and hooliganism has given me both a taste for sociology and a degree of fieldwork experience. I have learned the value of investing time and emotion in things I cannot control, and of belonging to a community whose aspirations I share completely and uncritically.

While enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster

The United States in particular and the West in general should be feeling a little embarrassed about all that lecturing we did to the Third World.

People who confuse what they wish were true with what is really true create distorted pictures of reality that make it impossible for them to make the best choices.

The most valuable of all capital is that invested in human beings

To me, it's obvious that the winner has to bet very selectively. It's been obvious to me since very early in life. I don't know why it's not obvious to very many other people.

School typically doesn't prepare young people for real life - unless their lives are spent following instructions and pleasing others. In my opinion, that's why so many students who succeed in school fail in life.