Good Investing advice is timeless.
Great investors such as Benjamin Graham, Warren Buffett, Charlie Munger, Peter Lynch, and others have provided us with timeless investment quotes over the years.
These investing quotes can sometimes provide the motivation you need to make better financial decisions.
Investing quotes gives investors a better perspective on the future by conveying wisdom from the past.
Experts always advise to do the research, study, and analysis before making any investment decision.
Here are the 25 best investment quotes said by experts over the years on the topic of investing:
- An investment in knowledge pays the best interest.” – Benjamin Franklin
- I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.” – Warren Buffett
- The stock market is filled with individuals who know the price of everything, but the value of nothing. – Phillip Fisher
- How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case. – Robert G. Allen
- Invest in yourself. Your career is the engine of your wealth. – Paul Clitheroe
- Every once in a while, the market does something so stupid it takes your breath away. – Jim Cramer
- The individual investor should act consistently as an investor and not as a speculator. – Ben Graham
- Know what you own, and know why you own it.” – Peter Lynch
- Financial peace isn’t the acquisition of stuff. It’s learning to live on less than you make, so you can give money back and have money to invest. You can’t win until you do this. – Dave Ramsey
- Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas. – Paul Samuelson
- The four most dangerous words in investing are: ‘this time it’s different. – Sir John Templeton
- Wide diversification is only required when investors do not understand what they are doing. – Warren Buffett
- You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets. – Peter Lynch
- The stock market is a device for transferring money from the impatient to the patient. – Warren Buffett
- If stock market experts were so expert, they would be buying stock, not selling advice. – Norman Ralph Augustine
- Investors should purchase stocks like they purchase groceries, not like they purchase perfume. – Ben Graham
- Investment is most successful when it is most business like. – Ben Graham
- In the short run, the market is a voting machine. But in the long run, it is a weighing machine. – Ben Graham
- We don’t have to be smarter than the rest, we have to be more disciplined than the rest. – Warren Buffett
- One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute. – William Feather
- The key to making money in stocks is not to get scared out of them. – Peter Lynch
- Even the intelligent investor is likely to need considerable willpower to keep from following the crowd. – Benjamin Graham
- The four most expensive words in the English language are, “This time it’s different.” – Sir John Templeton
- Individual who cannot master their emotions are ill-suited to profit from the investment process. – Benjamin Graham
- When purchasing depressed stock in troubled companies, seek out the ones with the superior financial positions and avoid the ones with loads of bank debt. – Peter Lynch
- Swim Your Own Races: Do Not Let Others Do Your Thinking for You – Jim Rogers
- If anybody laughs at your idea, view it as a sign of potential success! – Jim Rogers
Investing quotes by Benjamin Graham
Successful investing is about managing risk, not avoiding it.
Investing isn’t about beating others at their game. It’s about controlling yourself at your own game.
Buy not on optimism, but on arithmetic.
The intelligent investor is a realist who sells to optimists and buys from pessimists.
To be an investor you must be a believer in a better tomorrow.
The investor’s primary interest lies in acquiring and holding suitable securities at suitable prices.
The best way to measure your investing success is not by whether you’re beating the market but by whether you’ve put in place a financial plan and a behavioural discipline that are likely to get you where you want to go.
In the short run, the market is a voting machine, but in the long run it is a weighing machine.
The market is a pendulum that forever swings between unsustainable optimism (which makes stocks too expensive) and unjustified pessimism (which makes them too cheap). The intelligent investor is a realist who sells to optimists and buys from pessimists.
It requires strength of character in order to think and to act in opposite fashion from the crowd and also patience to wait for opportunities that may be spaced years apart.
You must never delude yourself into thinking that you’re investing when you’re speculating.
Before you invest, you must ensure that you have realistically assessed your probability of being right and how you will react to the consequences of being wrong.
Successful investing professionals are disciplined and consistent and they think a great deal about what they do and how they do it.
Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency of most people to speculate or gamble… to give way to hope, fear and greed.
The essence of investment management is the management of risks, not the management of returns.
An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return.
Never buy a stock immediately after a substantial rise or sell one immediately after a substantial drop.
All the real money in investment will have to be made as most of it has been in the past not out of buying and selling but out of owning and holding securities, receiving interests and dividends therein, and benefiting from their long-term increases in value. Hence stockholder’s major energies and wisdom as investors should be directed toward assuring themselves of the best operating results from their corporations. This in turn means assuring themselves of fully honest and competent managements.
Evidently stockholders have forgotten more than to look at balance sheets. They have forgotten also that they are owners of a business and not merely owners of a quotation on the stock ticker. It is time, and high time, that the millions of American shareholders turned their eyes from the daily market reports long enough to give some attention to the enterprises themselves of which they are the proprietors, and which exist for their benefit and at their pleasure.
Individuals who cannot master their emotions are ill-suited to profit from the investment process.
Investing quotes by Joel Greenblatt
Choosing individual stocks without any idea of what you’re looking for is like running through a dynamite factory with a burning match. You may live, but you’re still an idiot.
The secret to investing is to figure out the value of something – and then pay a lot less.
Remember, it’s the quality of your ideas not the quantity that will result in the big money.
Look down, not up, when making your initial investment decision. If you don’t lose money, most of the remaining alternatives are good ones.
The more confidence I have in each one of my stock picks, the fewer companies I need to own in my portfolio to feel comfortable.
Value investing strategies have worked for years and everyone’s known about them. They continue to work because it’s hard for people to do, for two main reasons. First, the companies that show up on the screens can be scary and not doing so well, so people find them difficult to buy. Second, there can be one-, two- or three-year periods when a strategy like this doesn’t work. Most people aren’t capable of sticking it out through that.
There’s a virtuous cycle when people have to defend challenges to their ideas. Any gaps in thinking or analysis become clear pretty quickly when smart people ask good, logical questions. You can’t be a good value investor without being an independent thinker – you’re seeing valuations that the market is not appreciating. But it’s critical that you understand why the market isn’t seeing the value you do. The back and forth that goes on in the investment process helps you get at that.
I wait until an investment idea is so good, it hits me over the head like an anvil.
There’s a clarity that comes with great ideas: You can [easily and simply] explain why something’s a great business, how and why it’s cheap, why it’s cheap for temporary reasons and how, on a normal basis, it should be trading at a much higher level. You’re never sitting there on the 40th page of your spreadsheet, as Buffett would say, agonizing over whether you should buy or not.
If you spend your energies looking for and analysing situations not closely followed by other informed investors, your chance of finding bargains greatly increases.
So one way to create an attractive risk/reward situation is to limit downside risk severely by investing in situations that have a large margin of safety. The upside, while still difficult to quantify, will usually take care of itself. In other words, look down, not up, when making your initial investment decision. If you don’t lose money, most of the remaining alternatives are good ones.
My goal is to buy a company at a low multiple to normal earnings power several years out and that the company earns good returns on capital at that level of normal earnings. A holding period of more than one year also works quite well as the factors are persistent in years 2 and 3.
If I plug my estimates into the Magic Formula, and it comes out cheap, that’s good.
You must be diversified enough to survive bad times or bad luck so that skill and good process can have the chance to pay off over the long term.
Figure out what something is worth and pay a lot less.
I still believe that for good business analysts a concentrated portfolio is a good strategy combined with a long term horizon. Once again, the secret to success in following the formula strategy is patience, a quality in short supply for both professionals and individual investors alike. I think investors should have a large portion of their assets in equities over time.
Value investing doesn’t always work. The market doesn’t always agree with you. Over time, value is roughly the way the market prices stocks, but over the short term, which sometimes can be as long as two or three years, there are periods when it doesn’t work. And that is a very good thing. The fact that our value approach doesn’t work over periods of time is precisely the reason why it continues to work over the long term.
Over the long term, despite significant drops from time to time, stocks (especially an intelligently selected stock portfolio) will be one of your best investment options. The trick is to GET to the long term. Think in terms of 5 years, 10 years and longer. Do your planning and asset allocation ahead of time. Choose a portion of your assets to invest in the stock market – and stick with it! Yes, the bad times will come, but over the truly long term, the good times will win out – and I hope the lessons from 2008 will help get you there to enjoy them.
I don’t know too many people that are good at timing the market relative to macro-economic events.
It just seems logical that sticking to investing in only a small number of companies that you understand well, rather than moving down the list to your thirtieth or fiftieth favorite pick, would create a much greater potential to earn above-average investment returns.
Investing quotes by Seth Klarman
The single greatest edge an investor can have is a long-term orientation.
To a value investor, investments come in three varieties: undervalued at one price, fairly valued at another price, and overvalued at still some higher price. The goal is to buy the first, avoid the second, and sell the third.
Risk is not inherent in an investment; it is always relative to the price paid. Uncertainty is not the same as risk. Indeed, when great uncertainty – such as in the fall of 2008 – drives securities prices to especially low levels, they often become less risky investments.
The stock market is the story of cycles and of the human behavior that is responsible for overreactions in both directions.
Investing is the intersection of economics and psychology. The analysis is actually the easy part. The economics, the valuation of the business isn’t that hard. The psychology – how much do you buy, do you buy it at this price, do you wait for a lower price, what do you do when it looks like the world might end – those things are harder. Knowing whether you stand there, buy more, or whether something has legitimately gone wrong and you need to sell, those are harder things. That you learn with experience, by having the right psychological makeup.
A value strategy is of little use to the impatient investor since it usually takes time to pay off.
Successful investors tend to be unemotional, allowing the greed and fear of others to play into their hands. By having confidence in their own analysis and judgement, they respond to market forces not with blind emotion but with calculated reason. Successful investors, for example, demonstrate caution in frothy markets and steadfast conviction in panicky ones. Indeed, the very way an investor views the market and it’s price fluctuations is a key factor in his or her ultimate investment success or failure.
Value investing is at its core the marriage of a contrarian streak and a calculator.
The near absence of bargains works as a reverse indicator for us. When we find there is little worth buying, there is probably much worth selling.
We buy expecting to hold a bond to maturity and a stock forever.
Ultimately, nothing should be more important to investors than the ability to sleep soundly at night.
When people give away stocks based on forced selling or fear that is usually a great opportunity.
Patience and discipline can make you look foolishly out of touch until they make you look prudent and even prescient
Over the long run, the crowd is always wrong.
Value investors have to be patient and disciplined, but what I really think is you need not to be greedy. If you’re greedy and you leverage, you blow up. Almost every financial blow up is because of leverage.
In reality, no one knows what the market will do; trying to predict it is a waste of time, and investing based upon that prediction is a speculative undertaking.
The prevailing view has been that the market will earn a high rate of return if the holding period is long enough, but entry point is what really matters.
The overwhelming majority of people are comfortable with consensus, but successful investors tend to have a contrarian bent.
Value investing is simple to understand but difficult to implement. Value investors are not supersophisticated analytical wizards who create and apply intricate computer models to find attractive opportunities or assess underlying value. The hard part is discipline, patience, and judgment. Investors need discipline to avoid the many unattractive pitches that are thrown, patience to wait for the right pitch, and judgment to know when it is time to swing.
Warren Buffett is right when he says you should invest as if the market is going to be closed for the next five years. The fundamental principles of value investing, if they make sense to you, can allow you to survive and prosper when everyone else is rudderless. We have a proven map with which to navigate. It sounds kind of crazy, but in times of turmoil in the market. I’ve felt a sort of serenity in knowing that if I’ve checked and rechecked my work, one plus one still equals two regardless of where a stock trades right after I buy it.
Motivational Quotes by Les Brown
Don’t let someone else’s opinion of you become your reality.
We must look for ways to be an active force in our own lives. We must take charge of our own destinies, design a life of substance and truly begin to live our dreams.
All of us need to grow continuously in our lives.
Goals help you channel your energy into action.
If you take responsibility for yourself you will develop a hunger to accomplish your dreams.
You must remain focused on your journey to greatness.
Life has no limitations, except the ones you make.
If you fall, fall on your back. If you can look up, you can get up.
Forgive yourself for your faults and your mistakes and move on.
Forgive those who have hurt you.
Too many of us are not living our dreams because we are living our fears.
Shoot for the moon and if you miss you will still be among the stars.
Review your goals twice every day in order to be focused on achieving them.
The only limits to the possibilities in your life tomorrow are the buts you use today.
Your goals are the road maps that guide you and show you what is possible for your life.
A lot of people do not muster the courage to live their dreams because they are afraid to die.
There are winners, there are losers and there are people who have not yet learned how to win.
You need to make a commitment, and once you make it, then life will give you some answers.
When life knocks you down, try to land on your back. Because if you can look up, you can get up. Let your reason get you back up.
If you set goals and go after them with all the determination you can muster, your gifts will take you places that will amaze you.
Just because Fate doesn’t deal you the right cards, it doesn’t mean you should give up. It just means you have to play the cards you get to their maximum potential.
Your ability to communicate is an important tool in your pursuit of your goals, whether it is with your family, your co-workers or your clients and customers.
You don’t get what you want in life. You get who you are!
Easy is not an option!
Our ability to handle life’s challenges is a measure of our strength of character.
We have to live life with a sense of urgency so not a minute is wasted.
We are living in very challenging times. Pressured in the workplace and stressed out at home, people are trying to make sense of their lives.
Make each day count by setting specific goals to succeed, then putting forth every effort to exceed your own expectations.
We were all born with a certain degree of power. The key to success is discovering this innate power and using it daily to deal with whatever challenges come our way.
Wanting something is not enough. You must hunger for it. Your motivation must be absolutely compelling in order to overcome the obstacles that will invariably come your way.
I advise you to say your dream is possible and then overcome all inconveniences, ignore all the hassles and take a running leap through the hoop, even if it is in flames.
If you are carrying strong feelings about something that happened in your past, they may hinder your ability to live in the present.
You cannot expect to achieve new goals or move beyond your present circumstances unless you change.
Life takes on meaning when you become motivated, set goals and charge after them in an unstoppable manner.
Investing quotes by Peter Lynch
The trick is not to learn to trust your gut feelings, but rather to discipline yourself to ignore them. Stand by your stocks as long as the fundamental story of the company hasn’t changed.
Whenever you invest in any company, you’re looking for its market cap to rise. This can’t happen unless buyers are paying higher prices for the shares, making your investment more valuable.
People who succeed in the stock market also accept periodic losses, setbacks, and unexpected occurrences. Calamitous drops do not scare them out of the game.
Know what you own, and know why you own it
Big companies have small moves, small companies have big moves.
Moderately fast growers (20 to 25 percent) in nongrowth industries are ideal investments. • Look for companies with niches. • When purchasing depressed stocks in troubled companies, seek out the ones with the superior financial positions and avoid the ones with loads of bank debt. • Companies that have no debt can’t go bankrupt. • Managerial ability may be important, but it’s quite difficult to assess. Base your purchases on the company’s prospects, not on the president’s resume or speaking ability. • A lot of money can be made when a troubled company turns around. • Carefully consider the price-earnings ratio. If the stock is grossly overpriced, even if everything else goes right, you won’t make any money. • Find a story line to follow as a way of monitoring a company’s progress. • Look for companies that consistently buy back their own shares.
Peter Lynch doesn’t advise you to buy stock in your favorite store just because you like shopping in the store, nor should you buy stock in a manufacturer because it makes your favorite product or a restaurant because you like the food. Liking a store, a product, or a restaurant is a good reason to get interested in a company and put it on your research list, but it’s not enough of a reason to own the stock! Never invest in any company before you’ve done the homework on the company’s earnings prospects, financial condition, competitive position, plans for expansion, and so forth.
When you sell in desperation, you always sell cheap.
It takes remarkable patience to hold on to a stock in a company that excites you, but which everybody else seems to ignore. You begin to think everybody else is right and you are wrong. But where the fundamentals are promising, patience is often rewarded—Lukens stock went up sixfold in the fifteenth year, American Greetings was a sixbagger in six years, Angelica a sevenbagger in four, Brunswick a sixbagger in five, and SmithKline a threebagger in two.
If you can follow only one bit of data, follow the earnings—assuming the company in question has earnings. As you’ll see in this text, I subscribe to the crusty notion that sooner or later earnings make or break an investment in equities. What the stock price does today, tomorrow, or next week is only a distraction.
Trading quotes by Alexander Elder
Amateurs look for challenges; professionals look for easy trades. Losers get high from the action; the pros look for the best odds.
-Alexander Elder
To be a good trader, you need to trade with your eyes open, recognize real trends and turns, and not waste time or energy on regrets and wishful thinking.
-Alexander Elder
When a beginner wins he feels brilliant and invincible. Then he takes wild risk and loses everything.
-Alexander Elder
Losers bring money into the market which is necessary for the prosperity of the trading industry.
-Alexander Elder
The markets are unforgiving, and emotional trading always results in losses.
-Alexander Elder
The goal of a successful trader is to make the best trades. Money is secondary.
-Alexander Elder
Remember, your goal is to trade well, not to trade often.
-Alexander Elder
The market does not know you exist. You can do nothing to influence it. You can only control your behavior.
-Alexander Elder
Being simply “better than average” is not good enough. You have to be head and shoulders above the crowd to win a minus-sum game.
-Alexander Elder
There are good trading systems out there, but they have to be monitored and adjusted using individual judgment. You have to stay on the ball—you cannot abdicate responsibility for your success to a mechanical system.
-Alexander Elder
Beginners focus on analysis, but professionals operate in a three-dimensional space. They are aware of trading psychology, their own feelings, and the mass psychology of the markets.
-Alexander Elder
To win in the markets, we need to master three essential components of trading: sound psychology, a logical trading system, and an effective risk management plan.
-Alexander Elder
It is hard enough to know what the market is going to do; if you don’t know what you are going to do, the game is lost.
-Alexander Elder
A loser’s true problem is not account size but overtrading and sloppy money management. He takes risks that are too big for his account size, however small or big. No matter how good his system may be, a streak of bad trades is sure to put him out of business.
-Alexander Elder
The mental baggage from childhood can prevent you from succeeding in the markets. You have to identify your weaknesses and work to change. Keep a trading diary—write down your reasons for entering and exiting every trade. Look for repetitive patterns of success and failure.
-Alexander Elder
To help ensure success, practice defensive money management. A good trader watches his capital as carefully as a professional scuba diver watches his air supply.
-Alexander Elder
An astute trader aims to enter the market during quiet times and take profits during wild times.
-Alexander Elder
If you let the market make you feel high or low, you will lose money.
-Alexander Elder
When the market deviates from your analysis, you have to cut losses without fuss or emotions.
-Alexander Elder
If you let the market make you feel high or low, you will lose money.
-Alexander Elder
Here are few more trading quotes for you;
I’m always thinking about losing money as opposed to making money. Don’t focus on making money, focus on protecting what you have.
-Paul Tudor Jones
Don’t be a hero. Don’t have an ego. Always question yourself and your ability. Don’t ever feel that you are very good. The second you do, you are dead.
-Paul Tudor Jones
And then at the end of the day, the most important thing is how good are you at risk control. Ninety-percent of any great trader is going to be the risk control.
-Paul Tudor Jones
Don’t ever average losers. Decrease your trading volume when you are trading poorly; increase your volume when you are trading well. Never trade in situations where you don’t have control. For example, I don’t risk significant amounts of money in front of key reports, since that is gambling, not trading.
-Paul Tudor Jones
I think one of my strengths is that I view anything that has happened up to the present point in time as history. I really don’t care about the mistake I made three seconds ago in the market. What I care about is what I am going to do from the next moment on. I try to avoid any emotional attachment to a market.
-Paul Tudor Jones
In order of importance to me are: 1) the long term trend, 2) the current chart pattern, and 3) picking a good spot to buy or sell.
-Ed Seykota
If you want to know everything about the market, go to the beach. Push and pull your hands with the waves. Some are bigger waves, some are smaller. But if you try to push the wave out when it’s coming in, it’ll never happen. The market is always right.
-Ed Seykota
Trading requires skill at reading the markets and at managing your own anxieties.
-Ed Seykota
It can be very expensive to try to convince the markets you are right.
-Ed Seykota
A trading system is an agreement you make between yourself and the markets.
-Ed Seykota
The elements of good trading are (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance.
-Ed Seykota
There is no single market secret to discover, no single correct way to trade the markets. Those seeking the one true answer to the markets haven’t even gotten as far as asking the right question, let alone getting the right answer.
-Jack Schwager – Author of Market Wizards
The hard work in trading comes in the preparation. The actual process of trading, however, should be effortless.
-Jack Schwager – Author of Market Wizards
Trading quotes by Mark Douglas
A probabilistic mind-set pertaining to trading consists of five fundamental truths.
1. Anything can happen.
2. You don’t need to know what is going to happen next in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that define an edge.
4. An edge is nothing more than an indication of a higher probability of one thing happening over another.
5. Every moment in the market is unique.
-Mark Douglas
The hard, cold reality of trading is that every trade has an uncertain outcome.
-Mark Douglas
You create your own game in your mind based on your beliefs, intents, perception and rules.
-Mark Douglas
The best traders aren’t afraid. They aren’t afraid because they have developed attitudes that give them the greatest degree of mental flexibility to flow in and out of trades based on what the market is telling them about the possibilities from its perspective. At the same time, the best traders have developed attitudes that prevent them from getting reckless.
-Mark Douglas
Learning to accept the risk is a trading skill—the most important skill you can learn.
-Mark Douglas
If you are unable to trade without the slightest bit of emotional discomfort (specifically, fear), then you have not learned how to accept the risks inherent in trading. This is a big problem, because to whatever degree you haven’t accepted the risk, is the same degree to which you will avoid the risk. Trying to avoid something that is unavoidable will have disastrous effects on your ability to trade successfully.
-Mark Douglas
The winners have attained a mind-set—a unique set of attitudes—that allows them to remain disciplined, focused, and, above all, confident in spite of the adverse conditions. As a result, they are no longer susceptible to the common fears and trading errors that plague everyone else.
-Mark Douglas
you can learn how to redefine your trading activities in such a way that you truly accept the risk, and you’re no longer afraid.
-Mark Douglas
Market analysis is not the path to consistent results. It will not solve the trading problems created by lack of confidence, lack of discipline, or improper focus.
-Mark Douglas
Finally, our beliefs shape how we feel about the results of our actions.
-Mark Douglas
If your goal is to trade like a professional and be a consistent winner, then you must start from the premise that the solutions are in your mind and not in the market.
-Mark Douglas
When you genuinely accept the risks, you will be at peace with any outcome.
-Mark Douglas
When you really believe that trading is simply a probability game, concepts like right or wrong or win or lose no longer have the same significance.
-Mark Douglas
If you can learn to create a state of mind that is not affected by the market’s behavior, the struggle will cease to exist.
-Mark Douglas
The consistency you seek is in your mind, not in the markets.
-Mark Douglas
If you asked me to distill trading down to its simplest form, I would say that it is a pattern recognition numbers game. We use market analysis to identify patterns, define the risk, and determine when to take profits. The trade either works or it doesn’t.
-Mark Douglas
What separates the “consistently great” athletes and performers from everyone else is their distinct lack of fear of making a mistake.
-Mark Douglas
No man ever reached to excellence in any one art or profession without having passed through the slow and painful process of study and preparation.
-Mark Douglas
Putting on a winning trade or even a series of winning trades requires absolutely no skill. On the other hand, creating consistent results and being able to keep what we’ve created does require skill. Making money consistently is a by-product of acquiring and mastering mental skills.
-Mark Douglas
When you achieve complete acceptance of the uncertainty of each edge and the uniqueness of each moment, your frustration with trading will end.
-Mark Douglas
Here are few more quotes for traders to help them in trading;
Yesterday’s home runs don’t win today’s games.
– Babe Ruth
The biggest risk is not taking a risk. In a world that’s changing really quickly, the only strategy that is guaranteed to fail is not taking risks.
– Mark Zuckerberg
The goal of a successful trader is to make the best trades. Money is secondary.
– Alexander Elder
The game taught me the game. And it didn’t spare me the rod while teaching.
– Jesse Livermore
When the market deviates from your analysis, you have to cut losses without fuss or emotions.
-Alexander Elder
To help ensure success, practice defensive money management. A good trader watches his capital as carefully as a professional scuba diver watches his air supply.
-Alexander Elder
The mental baggage from childhood can prevent you from succeeding in the markets. You have to identify your weaknesses and work to change. Keep a trading diary—write down your reasons for entering and exiting every trade. Look for repetitive patterns of success and failure.
-Alexander Elder
A loser’s true problem is not account size but overtrading and sloppy money management. He takes risks that are too big for his account size, however small or big. No matter how good his system may be, a streak of bad trades is sure to put him out of business.
-Alexander Elder
It is hard enough to know what the market is going to do; if you don’t know what you are going to do, the game is lost.
-Alexander Elder
To win in the markets, we need to master three essential components of trading: sound psychology, a logical trading system, and an effective risk management plan.
-Alexander Elder
Investment quotes by Philip Arthur Fisher
The stock market is filled with individuals who know the price of everything, but the value of nothing.
Be extra careful when buying into companies and industries that are the current darlings of the financial community.
The successful investor is usually an individual who is inherently interested in business problems.
History has shown that in every age and in every field of human knowledge, many of the views which almost everyone accepted as true and never bothered to think about further, were in time proven completely wrong.
Even in those earlier times, finding the really outstanding companies and staying with them through all the fluctuations of a gyrating market proved far more profitable to far more people than did the more colorful practice of trying to buy them cheap and sell them dear.
One, which I mention several times elsewhere, is the need for patience if big profits are to be made from investment. Put another way, it is often easier to tell what will happen to the price of a stock than how much time will elapse before it happens. The other is the inherently deceptive nature of the stock market. Doing what everybody else is doing at the moment, and therefore what you have an almost irresistible urge to do, is often the wrong thing to do at all.
I had made what I believe was one of the more valuable decisions of my business life. This was to confine all efforts solely to making major gains in the long-run.
If the growth rate is so good that in another ten years the company might well have quadrupled, is it really of such great concern whether at the moment the stock might or might not be 35% overpriced?
Of one thing the investor can be certain: A large company’s need to bring in a new chief executive from the outside is a damning sign of something basically wrong with the existing management – no matter how good the surface signs may have been as indicated by the most recent earnings statement.
Practical investors usually learn their problem is finding enough outstanding investments, rather than choosing among too many.
My mistake was to project my skill beyond the limits of experience. I began investing outside the industries which I believe I thoroughly understood, in completely different spheres of activity; situations where I did not have comparable background knowledge.
I remember my sense of shock some half-dozen years ago when I read a recommendation to sell shares of a company … The recommendation was not based on any long-term fundamentals. Rather, it was that over the next six months the funds could be employed more profitably elsewhere.
Investing quotes by charles Munger
In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time — none, zero. You’d be amazed at how much Warren reads–and at how much I read. My children laugh at me. They think I’m a book with a couple of legs sticking out.
To get what you want, you have to deserve what you want. The world is not yet a crazy enough place to reward a whole bunch of undeserving people.
Spend each day trying to be a little wiser than you were when you woke up. Day by day, and at the end of the day-if you live long enough-like most people, you will get out of life what you deserve.
We both (Charlie Munger and Warren Buffett) insist on a lot of time being available almost every day to just sit and think. That is very uncommon in American business. We read and think.
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People calculate too much and think too little.
All I want to know is where I’m going to die so I’ll never go there.
Envy is a really stupid sin because it’s the only one you could never possibly have any fun at. There’s a lot of pain and no fun. Why would you want to get on that trolley?
The best armour of old age is a well spent life perfecting it.
A lot of people with high IQs are terrible investors because they’ve got terrible temperaments. And that is why we say that having a certain kind of temperament is more important than brains. You need to keep raw irrational emotion under control. You need patience and discipline and an ability to take losses and adversity without going crazy. You need an ability to not be driven crazy by extreme success.
The big money is not in the buying and the selling, but in the waiting.
Those who keep learning, will keep rising in life.
Always take the high road, it’s far less crowded.
Take a simple idea and take it seriously.
You don’t have to be brilliant, only a little it wiser than the other guys, on average, for a long time.
A great business at a fair price is superior to a fair business at a great price.
Successful investing requires patience, discipline and the ability to control one’s emotions.
Best investing quotes teach investors how success in the market depends on playing the odds instead of following natural instincts.
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