Quotes About Investing

Even I have been at that point in my life where I thought I didn't have enough extra money laying around to start investing in stocks for my own retirement plans.

Investing in a poker game and investing in stocks, at least the way I do it, it's a very similar skillset.

Stocks actually can be a very good hedge against inflation, and short of hyperinflation, stocks will have the ability to increase their dividends to match the rise in prices.

Never stop investing. Never stop improving. Never stop doing something new.

You'll get nowhere buying stocks just because they have a great story.

Study the Opposites In addition to studying his competition in tech and early-stage investing, Marc studies value investors on the completely opposite side of the spectrum, such as Warren Buffett and Seth Klarman. This doesn't mean they invest in the same types of companies; rather, the synergy is related to first principles.

The Barefoot Investor by Scott Pape.

Poor Charlie's Almanack, by Charles T. Munger.

As Tony recounted, Buffett told him, "Investing in yourself is the most important investment you'll ever make in your life…. There's no financial investment that'll ever match it, because if you develop more skill, more ability, more insight, more capacity, that's what's going to really provide economic freedom…. It's those skill sets that really make that happen.

I wanted to go on offense. I wanted to have the time to focus, to learn the things I wanted to learn, to build what I wanted to build, and to really invest in relationships that I wanted to grow, rather than just doing a day of coffee after coffee after coffee.

For me, the goal of "investing" has always been simple: to allocate resources (e.g., money, time, energy) to improve quality of life. This is a personal definition, as yours likely will be.

Why Are You Investing, Anyway? For me, the goal of "investing" has always been simple: to allocate resources (e.g., money, time, energy) to improve quality of life.

As legendary hedge fund manager Ray Dalio told Tony Robbins (page 210): "It's almost certain that whatever you're going to put your money in, there will come a day when you will lose 50% to 70%." It pays to remember that if you lose 50%, you need a subsequent 100% return to get back to where you started. That math is tough.

Buffett told him, "Investing in yourself is the most important investment you'll ever make in your life. . . . There's no financial investment that'll ever match it, because if you develop more skill, more ability, more insight, more capacity, that's what's going to really provide economic freedom. . . . It's those skill sets that really make that happen.

All of my biggest wins have come from leveraging strengths instead of fixing weaknesses. Investing is hard enough without having to change your core behaviors. Don't push a boulder uphill just because you can.

In 2007, I had one wealth manager ask me, "What is your risk tolerance?" and I answered honestly: "I have no idea." It threw him off. I then asked him for the average of his clients' responses. He said, "Most answer that they would not panic up to about 20% down in one quarter." My follow-up question was: "When do most actually panic and start selling low?" His answer: "When they're down 5% in one quarter.

If you are not making any mistakes, you are being excessively risk-averse. Investing involves risk, and that means you will occasionally be wrong. And although it is okay to be wrong, it is not okay to stay wrong.

Romance is about investing in the future - with older people, there is less time for happy ever after.

At age 19, I read a book [The Intelligent Investor] and what I'm doing today, at age 76, is running things through the same thought process I learned from the book I read at 19.

THE BEAUTY OF VALUE INVESTING is its logical simplicity. It is based on two principles: What's it worth (intrinsic value), and don't lose money (margin of safety).

There are two kinds of people who lose money: those who know nothing and those who know everything

Pedantry iz the science ov investing what little yu know in one kind ov perfumery, and insisting upon sticking that under every man's knose whom you meet.

In investing, you get what you don't pay for. Costs matter. So intelligent investors will use low-cost index funds to build a diversified portfolio of stocks and bonds, and they will stay the course. And they won't be foolish enough to think that they can consistently outsmart the market.

My initial desire to blog came from something that's always been my approach to investing - I'm a nerd, and I love to play with the technology, and part of my approach has really been to understand things both at a user level and at a reasonably deep tentacle level.