Quotes About Long-term

I won't close down a business of subnormal profitability merely to add a fraction of a point to our corporate returns. I also feel it inappropriate for even an exceptionally profitable company to fund an operation once it appears to have unending losses in prospect. Adam Smith would disagree with my first proposition and Karl Marx would disagree with my second; the middle ground is the only position that leaves me comfortable.

calling someone who trades actively in the market an investor "is like calling someone who repeatedly engages in one-night stands a romantic.

Buy a stock the way you would buy a house. Understand and like it such that you'd be content to own it in the absence of any market.

Our favorite holding period is forever. We are just the opposite of those who hurry to sell and book profits when companies perform well but who tenaciously hang on to businesses that disappoint. Peter Lynch aptly likens such behavior to cutting the flowers and watering the weeds.

In the 54 years (Charlie Munger and I) have worked together, we have never forgone an attractive purchase because of the macro or political environment, or the views of other people. In fact, these subjects never come up when we make decisions.

If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes.

My favourite holding period is forever

Charlie and I would follow a buy-and-hold policy even if we ran a tax-exempt institution.

We select such investments on a long-term basis, weighing the same factors as would be involved in the purchase of 100% of an operating business: (1) favorable long-term economic characteristics; (2) competent and honest management; (3) purchase price attractive when measured against the yardstick of value to a private owner; and (4) an industry with which we are familiar and whose long-term business characteristics we feel competent to judge.

Stop trying to predict the direction of the stock market, the economy, interest rates, or elections.

If you invested in a low-cost index fund--where you don't put the money in at one time, but average in over 10 years--you'll do better than 90% of people who start investing at the same time.

Indeed, the unsophisticated investor who is realistic about his shortcomings is likely to obtain better long-term results than the knowledgeable professional who is blind to even a single weakness.

Investing is an activity in which consumption today is foregone in an attempt to allow greater consumption at a later date. "Risk" is the possibility that this objective won't be attained. By that standard, purportedly "risk-free" long-term bonds in 2012 were a far riskier investment than a long- term investment in common stocks. At that time, even a 1% annual rate of inflation between 2012 and 2017 would have decreased the purchasing-power of the government bond

Our managers are totally in charge of their personal schedules. Second, we give each a simple mission: Just run your business as if: (1) you own 100% of it; (2) it is the only asset in the world that you and your family have or will ever have; and (3) you can't sell or merge it for at least a century.

it became clear that he was the only one who harbored long-term grievances about their childhood.

Many North American cities are just waking up to the fact that they have been engaging in a massive urban Ponzi scheme, with new development creating short-term benefits in development fees and tax revenues but even bigger long-term costs that pile up faster than cities' ability to pay them off.

First, as I will explore in this book, our preferences—the things we buy, the places we choose to live—do not always maximize our happiness in the long run. Second, sprawl, as an urban form, was laid out, massively subsidized, and legally mandated long before anyone actually decided to buy a house there. It is as much the result of zoning, legislation, and lobbying as a crowded city block. It did not occur naturally. It was designed.

A truly sustainable relationship between earnings and operating cash flow requires that the two measures grow at comparable rates over the long term. When their rates of growth depart, an understanding of the causes can provide insight into how that discrepancy might be resolved. Such insight will provide guidance on the direction of future earnings and cash flow.

Obviously, if I was serious about having a relationship with someone long-term, the last people I would introduce him to would be my family.

Under Goh, the government continued to be suspicious of prevailing popular opinion and special interests, and focused instead on what it saw as Singapore's long-term needs

A politician thinks of the next election; a statesman thinks of the next generation.

In teaching you cannot see the fruit of a day's work. It is invisible and remains so, maybe for twenty years.

Like I said, I'm more worried long term about the environmental issues then the use of arms.

Chronic or long-term pain affects sleep for weeks to months, even years, causing you to awaken frequently at night and experience daytime sleepiness. This long-term back pain can cause appetite loss, muscle weakness, irritability, and depression. You might have difficulty dealing with others, including family members, friends, and people at work.