Quotes About Investing

Buy on the rumor; sell on the news.

If you expect to continue to purchase stocks throughout your life, you should welcome price declines as a way to add stocks more cheaply to your portfolio.

Success in investing doesn't correlate with I.Q. once you're above the level of 25. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.

The stock market is a no-called-strike game. You don't have to swing at everything -- you can wait for your pitch. The problem when you're a money manager is that your fans keep yelling, "Swing, you bum!"

Only buy something that you would be perfectly happy to hold if the market shut down for ten years.

When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.

You're dealing with a lot of silly people in the marketplace; it's like a great big casino and everyone else is boozing. If you can stick with Pepsi, you should be O.K.

I make no attempt to forecast the general market -- my efforts are devoted to finding undervalued securities.

Buy stocks like you buy your groceries, not like you buy your perfume.

Only buy something that you'd be perfectly happy to hold if the market shut down for ten years.

We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'

Our favorite holding period is forever.

In our view,… derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.

I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.

The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.

Time in the market is better than timing the market.

It's far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.

The only time to buy these is on a day with no 'y' in it.

Rule No. 1 : Never lose money. Rule No. 2 : Never forget Rule No. 1.

We're more comfortable in that kind of business. It means we miss a lot of very big winners. But we wouldn't know how to pick them out anyway. It also means we have very few big losers - and that's quite helpful over time. We're perfectly willing to trade away a big payoff for a certain payoff.

The question that the executive faced (should I invest in Ford stock?) was difficult, but the answer to an easier and related question (do I like Ford cars?) came readily to his mind and determined his choice. This is the essence of intuitive heuristics: when faced with a difficult question, we often answer an easier one instead, usually without noticing the substitution.

Burton Malkiel's wonderful book A Random Walk Down Wall Street.

Many individual investors lose consistently by trading, an achievement that a dart-throwing chimp could not match.

Mutual funds are run by highly experienced and hardworking professionals who buy and sell stocks to achieve the best possible results for their clients. Nevertheless, the evidence from more than fifty years of research is conclusive: for a large majority of fund managers, the selection of stocks is more like rolling dice than like playing poker. Typically at least two out of every three mutual funds underperform the overall market in any given year.