Quotes About Investing

value stocks have actually done better than growth stocks during both bear markets and economic recessions, so it is doubtful this is the answer.

The superior performance of the original S&P 500 firms surprises most investors. But value investors (as described in Chapter 12) know that growth stocks often are priced too high, and excitement over their prospects often induces investors to pay too high a price. Profitable firms that do not catch investors' eyes are often underpriced. If investors reinvest the dividends of such firms, they are buying undervalued shares that will add significantly to their return.

The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.

There is only one side of the market and it is not the bull side or the bear side, but the right side.

Profits always take care of themselves but losses never do.

you've got to be investing today in what your future's going to be 5 or 10 years out.

There is no sure thing when it comes to investing. Anyone that tells you that your investment is guaranteed to increase is lying through their teeth.

A very basic thing to know about your money is that, over the really long run, people who buy equities—stocks—will almost surely make a lot more money (if they're at all sensible in how they do it) than people who make "safer" investments.

Stewardship means to consciously take up our cultural power, investing it intentionally among the seemingly powerless, putting our power at their disposal to enable them to cultivate and create.

The game of investing is a process of discovering who you are, what you're interested in, what you're good at, what you love to do, then magnifying that until you gain a sizable edge over all the other people.

Basically, what I do is place a stop, generally 10 to 20 percent below the current price, whenever I buy a stock. The exact level depends on my own analysis of a stock's trading pattern. If a stock violates this stop, I'm out.

With poker, you have a resolution of the hand within a couple of minutes. Whereas, even if the thought process in investing is very much the same, you're looking at an outcome that could be 2, 3, 4, 5 years from when you make the original decision. And the mindset related to that is very different.

While the interests of the business are served by the aphorism 'Don't just stand there. Do something!' the interests of investors are served by an approach that is its diametrical opposite: 'Don't do something. Just stand there!'

Warren Buffett is famous for talking about the 'intrinsic value' of stocks. But while many people parrot this phrase, few know what it really means.

Some managements do not even think of buybacks as an option. The idea of shrinking their equity base repels them. Their inclination instead is to get bigger, and this often leads them to pay rich prices for acquisitions that never earn their keep.

There are two ways to approach the market. You can guess which direction prices will go in next, or you can figure out what businesses and their securities are really worth.

So everybody has some information. The function of the markets is to aggregate that information, evaluate it, and get it incorporated into prices.

Investing in sewer and stormwater infrastructure is a top priority for my administration, because it's good for both our environment and the economy.

Our belief is that it is a basket of well-diversified companies that are playing the Internet, but are not direct Internet companies.

Equities are boring; bonds are disgusting.

Industries with rapid change are the enemy of the investor. Tech businesses, particularly biotech, is a problem from that point of view. All industries work with change, but you should ideally be investing in businesses with a low rate of change, not a high rate of change.

Space investing looks a lot like tech investing.

I suppose my professional life can be split into writing books that all sound like infomercial products, most notably 'The 4-Hour Workweek,' and then tech investing.

Tax incentives might spur hiring in the short run, but how lasting are those gains if the jobs expire with the tax credits and they come at the expense of investing in the new technologies of the future?