Quotes About Stocks

Those with the enterprise lack the money and those with the money lack the enterprise to buy stocks when they are cheap.

For me the greatest source of income is still movies. Nothing - stocks, financial speculation, real estate speculation or businesses - makes more money for me than making movies.

You have never lost money in stocks over any 20-year period, but you have wiped out half your portfolio in bonds (after inflation). So which is the riskier asset?

You can invest with less risk and make more money in the stock market. All you have to do is not be an average investor. Intelligence is the ability to make finer distinctions.

The way we make money as a group is that we don't pay a lot for anything, and most of the stocks we buy have low expectations.

The man who begins to speculate in stocks with the intention of making a fortune usually goes broke, whereas the man who trades with a view of getting good interest on his money sometimes gets rich.

If you have good stocks and you really know them, you'll make money if you're patient over three years or more.

Stocks have tanked. Shouldn't you have asked for that money back?

To make money buy some good stock hold it until it goes up and then sell it. If it doesn't go up don't buy it.

Speculators always present opportunities for genuine investors to -- pick under-priced stocks, and- exit over-priced

He advised that I could invest in stocks to make money. Given that I have a negative balance, that was where the conversation stopped.

Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes.

Have patience. Stocks don't go up immediately.

The growth stock theory of investing requires patience, but is less stressful than trading, generally has less risk, and reduces brokerage commissions and income taxes.

There's lots of stocks out there and all you need is a few of 'em. That's been my philosophy.

Investment philosophy is the clear understanding that by owning shares of stocks he owns businesses, not pieces of paper.

Everyone has the brain power to make money in stocks. Not everyone has the stomach.

He noted in one of his earliest memos that the average annual return for stocks from 1926 to 1987 was 9.44 percent, but "if you had gone to cash and missed the best 50 of those 744 months, you have would have missed all of the return. This tells me that attempts at market timing are a source of risk, not protection."*

If you want to become "a stock market master," he explained, "stick to buying good companies (ones that have a high return on capital) and to buying those companies only at bargain prices (at prices that give you a high earnings yield).

Stocks are ownership shares of businesses," which "you're valuing and trying to buy at a discount." The key, then, is to identify situations in which there's a particularly large spread between the price and the value of the business. That spread gives you a margin of safety, which Greenblatt (like Graham and Buffett) regards as the single most important concept in investing.

The commercial banker performs three near-sacred functions central to any capitalist society: the safeguarding of other people's money; the provision of working capital to businesses, without which the economy cannot function; and the creation of money. By contrast, the investment banker sells stocks and bonds to the public, a much riskier and morally more ambiguous activity.

The concept that all useful information has already been factored into a stock's price, and that analysis is futile, is known as 'The Efficient Market Hypothesis' (EMH).

If done properly, successful investing entertains as much as watching clothes tumble in the dryer window. Always remember that the more exciting a given stock or asset class is, the more likely it is to be over-owned, overpriced, and destined for low future returns.

Paradoxically, in the long run, bonds are at least as risky as stocks. This is because stock returns are "mean reverting." That is, a series of bad years is likely to be followed by a series of good ones, repairing some of the damage.