Quotes About Market

The stock market is a device for transferring money from the impatient to the patient.

If you've got the power to raise prices without losing business to a competitor, you've got a very good business. If you have to have a prayer session before raising the price by 10%, then you've got a bad business.

Our advantage, rather, was attitude: we had learned from Ben Graham that the key to successful investing was the purchase of shares in good businesses when market prices were at a large discount from underlying business values.

especially favourable future prospects were regarded by shrewd investors as something to look for but not to pay for

The Great Bubble ended on March 10, 2000 (though we didn't realize that fact until some months later). On that day, the NASDAQ (recently 1,731) hit its all-time high of 5,132. That same day, Berkshire shares traded at $40,800, their lowest price since mid-1997.

Warren Buffett

Year-to-year variances, however, cannot consistently be in our favor. Even if our partially-owned businesses continue to perform well in an economic sense, there will be years when they perform poorly in the market. At such times our net worth could shrink significantly. We will not be distressed by such a shrinkage; if the businesses continue to look attractive and we have cash available, we simply will add to our holdings at even more favorable prices.

One of the lessons your management has learned—and, unfortunately, sometimes re-learned—is the importance of being in businesses where tailwinds prevail rather than headwinds.

you should imagine market quotations as coming from a remarkably accommodating fellow named Mr. Market who is your partner in a private business. Without fail, Mr. Market appears daily and names a price at which he will either buy your interest or sell you his... Mr. Market has another endearing characteristic: He doesn't mind being ignored. p 209

Be greedy when others are fearful, and fearful when others are greedy

Let us have the candor to acknowledge that what we call the economy or the free market is less and less distinguishable from warfare.

As with democratic politics, the market is a mass of individuals making discrete choices within a framework shaped by larger forces, over which they have limited control.

There sure are a lot of these 'instant' products on the market. Instant coffee, instant tea, instant pudding, instant cereal... instant dislike.

We have not had a free market in real estate for eighty years," Ellen Dunham-Jones, Georgia Tech professor of architecture and coauthor of Retrofitting Suburbia, told me. "And because it is illegal to build in a different way, it takes an immense amount of time for anyone who wants to do it to get changes in zoning and variance. Time is money for developers, so it rarely happens.

If I had learned anything after years in the business, it was how little I could ever know about what the market would do tomorrow.

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It's not possible for investors to consistently outperform the market. Therefore you're best served investing in a diversified portfolio of low-cost index funds [or exchange-traded funds].

A market economy is to economics what democracy is to government: a decent, if flawed, choice among many bad alternatives.

AMAZONGOOGLEFACE ANNOUNCES INTENT TO ACQUIRE DISNEYAPPLESOFT The deal would result in a combined company worth approximately $97.3 quadrillion. "This will be good for consumers," said Jeff Bezos, CEO of AmazonGoogleFace, speaking from the company's offices on an icy dwarf planet in the Kuiper Belt.

A cupcake is just a muffin with clown puke topping. And once you've got through the clown puke there's nothing but a fistful of quotidian sponge nestling in a depressing, soggy 'cup' that feels like a pair of paper knickers a fat man has been sitting in throughout a long, hot coach journey between two disappointing market towns.

Beauty has laws, and an appreciation of them is not possessed equally by all. The more primitive and ignorant a race, or class, the less it knows of true beauty. The Indian basket-maker wove beautiful things but they did not know it; give them the cheap and ugly productions of our greedy "market" and they like them better. They may unconsciously produce beauty, but they do not consciously select it.

and Mr. Klugman went to the store every day and

Breaking away from the illusion of market objectivity is the first step towards understanding capitalism.

It shows that the living standards of the huge majority of people in rich countries critically depend on the existence of the most draconian control over their labour markets – immigration control. Despite this, immigration control is invisible to many and deliberately ignored by others, when they talk about the virtues of the free market.