We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.
Warren BuffettRead
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We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.
Acquire Riches by Industry and Frugality.
There are substantial rewards for adopting a regular routine of investing and following it no matter what, and additional rewards for buying more shares when most investors are scared into selling.
A tyrant... is always stirring up some war or other, in order that the people may require a leader.
Successful people ask for the criticism of others and consider its merit.
You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.
Our favorite holding period is forever.
The most important single central fact about a free market is that no exchange takes place unless both parties benefit.
A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem.
There's no shame in losing money on a stock. Everybody does it. What is shameful is to hold on to a stock, or worse, to buy more of it when the fundamentals are deteriorating.
Average investors can become experts in their own field and can pick winning stocks as effectively as Wall Street professionals by doing just a little research.
You're looking for a mispriced gamble. That's what investing is. And you have to know enough to know whether the gamble is mispriced. That's value investing.
When an investor focuses on short-term investments, he or she is observing the variability of the portfolio, not the returns - in short, being fooled by randomness.
When I get up and work out, I'm working out just as much for my girls as I am for me, because I want them to see a mother who loves them dearly, who invests in them, but who also invests in herself. It's just as much about letting them know as young women that it is okay to put yourself a little higher on your priority list.
When it comes to solving problems of poverty, impact investing can act as a catalyst, but it is not a silver bullet. Successful businesses serving the poor need more than investment capital. They also need infrastructure to enable effective distribution, strong regulatory systems, access to markets, technical assistance as they scale up, and more
What's nice about investing is you don't have to swing at every pitch.
Remember that the stock market is manic-depressive.
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
There are all kinds of businesses that Charlie and I don't understand, but that doesn't cause us to stay up at night. It just means we go on to the next one, and that's what the individual investor should do.
While some might mistakenly consider value investing a mechanical tool for identifying bargains, it is actually a comprehensive investment philosophy that emphasizes the need to perform in-depth fundamental analysis, pursue long-term investment results, limit risk, and resist crowd psychology.
There is nothing wrong with changing a plan when the situation has changed.
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