Quotes on Investing

Investing is forgoing consumption now in order to have the ability to consume more at a later date.

Value investing is risk aversion.

Someone is sitting in the shade today because someone planted a tree a long time ago.

Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

He that is of the opinion money will do everything may well be suspected of doing everything for money.

An investment in knowledge pays the best interest.

Every time the U.S. government makes a low-cost loan to someone, it's investing in them.

Investing is a business where you can look very silly for a long period of time before you are proven right.

Here we were talking about economic development, about investing billions of dollars in various programs, and I could see it wasn't billions of dollars people needed right away.

A wise man should have money in his head, but not in his heart.

[T]he burden of government is not measured by how much it taxes, but by how much it spends.

On the one hand information wants to be expensive, because it's so valuable. The right information in the right place just changes your life. On the other hand, information wants to be free, because the cost of getting it out is getting lower and lower all the time. So you have these two fighting against each other.

In the old legend the wise men finally boiled down the history of mortal affairs into a single phrase: 'This too will pass.'

A great company is not a great investment if you pay too much for the stock.

Wall Street people learn nothing and forget everything.

I always say that in investing you want to buy stock in a company that has a business that's so good that an idiot can run it, because sooner or later one will. We have a country like that.

Does management resist the institutional imperative?

Our policy is to concentrate holdings. We try to avoid buying a little of this or that when we are only lukewarm about the business or its price. When we are convinced as to attractiveness, we believe in buying worthwhile amounts.

It's in the nature of stock markets to go way down from time to time. There's no system to avoid bad markets. You can't do it unless you try to time the market, which is a seriously dumb thing to do. Conservative investing with steady savings without expecting miracles is the way to go.

Games are won by players who focus on the playing field -- not by those whose eyes are glued to the scoreboard.