Quotes About Intelligence

The rate of return sought should be dependent, rather, on the amount of intelligent effort the investor is willing and able to bring to bear on his task.

Everybody knows that most people who trade in the market lose money at it in the end. The people who persist in trying it are either (a) unintelligent, or (b) willing to lose money for the fun of the game, or (c) gifted with some uncommon and incommunicable talent. In any case they are not investors. p12

risks therein must be assumed by someone. * There is intelligent speculation as there is intelligent investing. But there are many ways in which speculation may be unintelligent. Of these the foremost are: (1) speculating when you think you are investing; (2) speculating seriously instead of as a pastime, when you lack proper knowledge and skill for it; and (3) risking more money in speculation than you can afford to lose.

Readers of this book, however intelligent and knowing, could scarcely expect to do a better job of portfolio selection than the top analysts of the country. But if it is true that a fairly large segment of the stock market is often discriminated against or entirely neglected in the standard analytical selections, then the intelligent investor may be in a position to profit from the resultant undervaluations.

There is intelligent speculation as there is intelligent investing. But there are many ways in which speculation may be unintelligent. Of these the foremost are: (1) speculating when you think you are investing; (2) speculating seriously instead of as a pastime, when you lack proper knowledge and skill for it; and (3) risking more money in speculation than you can afford to lose.

El inversor inteligente es un realista que vende a optimistas y compra a pesimistas.

The intelligent investor realizes that stocks become more risky, not less, as their prices rise—and less risky, not more, as their prices fall.

The intelligent investor shouldn't ignore Mr. Market entirely. Instead, you should do business with him—but only to the extent that it serves your interests. Mr. Market's job is to provide you with prices; your job is to decide whether it is to your advantage to act on them. You do not have to trade with him just because he constantly begs you to.

The rate of return sought should be dependent, rather, on the amount of intelligent effort the investor is willing and able to bring to bear on his task. The minimum return goes to our passive investor, who wants both safety and freedom from concern. The maximum return would be realized by the alert and enterprising investor who exercises maximum intelligence and skill.

What else should you watch for? Most fund buyers look at past performance first, then at the manager's reputation, then at the riskiness of the fund, and finally (if ever) at the fund's expenses. The intelligent investor looks at those same things—but in the opposite order.

podía calcular los movimientos de los cuerpos celestiales, pero no la locura de la gente». Newton

The intelligent investor realizes that stocks become more risky, not less, as their prices rise—and less risky, not more, as their prices fall. The intelligent investor dreads a bull market, since it makes stocks more costly to buy. And conversely (so long as you keep enough cash on hand to meet your spending needs), you should welcome a bear market, since it puts stocks back on sale.

Considering how calamitously wrong the experts have been on the stock market, why should we believe them now? That's not what the intelligent investor would do.

I sometimes think,' Merlin said when no more suggestions were offered, 'that I am doomed to live among idiots.

Many folk are clever, lord Uhtred, but very few are wise.

This was a clever man, as clever as Alfred, and he knew that weakness invited war.

That's the women's real gift, to be wise, and not many men have it.

Clever doesn't win battles -Stupidity loses them.

intelligence is a weapon that has a sharp edge and a long reach

Era a mulher mais inteligente que já conheci, mas mesmo naquela época, quando praticamente não passava de uma criança, era cheia de uma tristeza nascida dessa inteligência. Sabia demais.

L'amour, c'est la victoire de l'imagination sur l'intelligence.

Règle révolutionnaire n°54 : L'anarchie est source de créativité. Délivrés de la pression sociale, les gens entreprennent tout naturellement d'inventer et de créer, de rechercher la beauté et l'intelligence, de communiquer entre eux de leur mieux. Dans un bon terreau, même les plus petites graines donnent de grands arbres et de beaux fruits.

be a person with knowledge not just opinions

So far as I can remember there is not one word in the Gospels in praise of intelligence.