Quotes from David Schneider

Almost all investors I know, who consider themselves proper investors according to the definition above, like to do the occasional trade, punt on pure speculation. But they do it with money they consider part of their gambling portfolio, or play money. They would never risk their financial well being by mindlessly gambling with their main wealth. What

Good investments can be purchased at prices that generate high returns adjusted for inflation.

These investment assets can be businesses, real estate portfolios, and even other investment managers who are capable of compounding money at very high returns consistently after all fees charged. Bad

The relationship between the price you pay and the value you receive is the most important factor in determining your future investment returns.

Bad investments are the exact opposite. They require constant new capital to keep an investment going at ever lower returns, or in the worst case, negative returns - in effect your are burning money. Finding

The rumors were that at least one of the three largest commercial banks would go bankrupt, similar to LTCB (Long Term Capital Bank) a couple of years before, causing a market shock that would reverberate around the world. I

Per the dictionary definition, risk is "a situation involving exposure to danger, harm, or loss." We face the possibility of loss in whatever we buy or invest in. For

There are countless observations in all aspects of our lives. For example, in sales, 20% of salespeople seem to make more than 80% of all sales commission.

If you don't know what you are purchasing, you are just taking unnecessary risk. If you haven't done your homework to really understand the characteristics of an investment class, you are taking risk.

Also, in global wealth distribution, less than 10% of the world's population controls more than 90% of the world's assets, varying from country to country. Even in our daily work lives, 20% of all actions we do contribute to 80% of our daily results. Richard

management risks, litigation risk, and about specific operational risks,

They are never worried about ideal bottom prices, or ideal top prices for that matter. They understand a decent average price is key to future investment success. Use

real estate is cheap and offers great rental yields, they buy real estate.

Risk of Financial Leverage This risk of loss increases exponentially when we add any form of financial leverage, i.e. borrowing money to invest.

Saving and investing itself is simple if we apply the 80/20 principle. I

Step 1. Set your investment destination Step 2. Identify the steps necessary to reach that destination Step 3. Take action By

they traveled from city to city and decided on their next destinations based upon the trading opportunities and the political situation.

Love is better than hate Love is better than hate Love is better than hate & stronger than hell for we took our shoes off as we fell.

One stock in the group of 30 stocks disappointed and showed up as a loss, but others had gone up to 100%, 200%, and even up to 500%. Mr.

papers that the market was down to new lows, and the experts were predicting that it was sure to drop another 200 points in the Dow, then the farmer would look through the Standard & Poor's Stock Guide and select around 30 stocks that had fallen in price substantially.

He understood that during depressed markets, if you can get a decent average price at a bottom price range, it would make the selling part much easier, even if you misjudged the timing of the sales. To

he bought all the stocks and businesses he understood, knew for a long time, which he was dead certain were "super bargains.

So where do you get the cash from? All humans have one asset given from birth: time. Investing itself starts early on.

He claimed that he would rather buy stocks under these conditions, because pigs did not pay a dividend. Plus, you have to feed pigs. Mr.