Quotes About Investing

There's no question about it: the climate crisis is happening now and we need bold action to address it - and that includes investing in electric transportation and rebuilding our infrastructure.

You have to be intellectually honest with yourself and others. In my judgment, all great investors are seekers of truth.

Taking this view, it is possible to see financial markets as a laboratory for testing hypotheses, albeit not strictly scientific ones. The truth is, successful investing is a kind of alchemy.

The scary truth is 96 percent of mutual funds fail to match the market, and the 4 percent that do, they're always changing.

Someone out there was using the fact that stock market orders arrived at different times at different exchanges to front-run orders from one market to another.

Burry did not think investing could be reduced to a formula or learned from any one role model. The more he studied Buffett, the less he thought Buffett could be copied; indeed, the lesson of Buffett was: To succeed in a spectacular fashion you had to be spectacularly unusual. "If you are going to be a great investor, you have to fit the style to who you are," Burry said. "At one point I recognized

Mike Burry didn't own any triple-B-rated subprime mortgage bonds, or anything like them. He had no property to "insure"; it was as if he had bought fire insurance on some slum with a history of burning down.

I also immediately internalized the idea that no school could teach someone how to be a great investor. If it were true, it'd be the most popular school in the world, with an impossibly high tuition. So it must not be true." Investing

best definition of "investing" is "gambling with the odds in your favor." The people on the short side of the subprime mortgage market had gambled with the odds in their favor. The people on the other side—the entire financial system, essentially—had gambled with the odds against them.

cause of the financial crisis was "simple. Greed on both sides—greed of investors and the greed of the bankers." I thought it was more complicated. Greed on Wall Street was a given—almost an obligation. The problem was the system of incentives that channeled the greed. The line between gambling and investing is artificial and thin.

Investing well was all about being paid the right price for risk.

It took us weeks to really grasp it because it was so weird," said Charlie. "But the more we looked at what a CDO really was, the more we were like, Holy shit, that's just fucking crazy. That's fraud. Maybe you can't prove it in a court of law. But it's fraud." It

Charles Kindleberger's 1978 classic, Manias, Panics, and Crashes.

You have to stay ahead of the public road map." The minute investors understood what you were doing, they held you in lower estimation.

You Can Be a Stock Market Genius

They were less and less able to buy and sell big chunks of stock in a gulp.

Value investors like Graham and Dodd are so focused on being the last one laughing that they miss a lot of the laughs in between.

Financial markets are a collection of arguments.

I think the hedge-fund industry has taken a reputational turn for the worse, this dog-eat-dog stuff. I'm not just talking about Herbalife or J. C. Penney, but in other situations where the media really focuses on who's long and who's short. I don't think it's a good thing for the industry.

As I get older in my skateboarding career, I would like to get more into the business side of things - starting my own company or investing.

I love the competitive part of stocks. A lot of fear and greed, that's all it is. All I see is green and red.

The shortest route to top quartile performance is to be in the bottom quartile of expenses. —Jack Bogle

Here is the crux of the strategy: Instead of hiring an expert, or spending a lot of time trying to decide which stocks or actively managed funds are likely to be top performers, just invest in index funds and forget about it!

There is a crucially important difference about playing the game of investing compared to virtually any other activity. Most of us have no chance of being as good as the average in any pursuit where others practice and hone skills for many, many hours. But we can be as good as the average investor in the stock market with no practice at all. Jeremy Siegel, Professor of Finance, Wharton School, University of Pennsylvania, and author of Stocks for the Long Run