Quotes About Investing

What I spent, I had; what I saved, I lost; what I gave, I have.

We should take the time to learn and understand how to make the money work for us versus working for the money, and do your due diligence and understand what it is that you're investing in.

'Ick investing' means taking a special analytical interest in stocks that inspire a first reaction of 'ick.' I tend to become interested in stocks that by their very names or circumstances inspire unwillingness - and an 'ick' accompanied by a wrinkle of the nose on the part of most investors to delve any further.

If you're 35, 45, or even 55 - you have a very long time horizon - 40 years or vastly more. That is you, and/or your spouse, are likely to live about that long, and you'll be investing the whole way.

If stock market experts were so expert, they would be buying stock, not selling advice.

It is only by understanding the emotion of others that an investor has a chance to produce superior results.

There is general agreement among researchers that nearly all stock pickers, whether they know it or not-and few of them do-are playing a game of chance.

Heeding others' advice and our own intuitions, we stuff our portfolios with positive emotions and sell off the negative ones. But this approach to emotions—to jettison the negative and pile on the positive—is as misguided as the approach to investing that prevailed before modern portfolio theory.

Investing is a virtuous habit best started as early as possible.

The grim irony of investing, then, is that we investors as a group not only don't get what we pay for, we get precisely what we don't pay for. So if we pay for nothing, we get everything.

Buying funds based purely on their past performance is one of the stupidest things an investor can do.

The two greatest enemies of the equity fund investor are expenses and emotions.

Owning the stock market over the long term is a winner's game, but attempting to beat the market is a loser's game.

some estimates suggest that the failure rate is around 20 percent, meaning that each year, one of every five hedge funds goes up in smoke.

The idea that a bell rings to signal when investors should get into or out of the market is simply not credible. After nearly 50 years in this business, I do not know of anybody who has done it successfully and consistently. I don't even know anybody who knows anybody who has done it successfully and consistently.

Personally, I do not look at IPOs for an exit.

What happens is the market really booms when people really leverage and they really leverage when they make a lot of money.

At the end of the day, the markets are my passion.

We really believe in the earnings. We're very proud that often we do well in the down market. But you know, there are some markets where they just lose liquidity, like 2001, 2008.

Markets tend to always overshoot when they get really ebullient.

5 Mistakes People Make with Their First Million Dollars"—

I have what I call my Evel Knievel screen. These are companies that are trying to jump the Grand Canyon and probably won't make it. There are only two conditions for the screen. First, the company is trading at more than five times book value. Second, the company is losing money. My job is to figure out which stocks won't make it across the Grand Canyon and then go short those stocks.

The worst thing that can happen to you in the markets is being right and still losing money. That's the danger in buying on rallies and selling on breaks these days.

The first rule of trading—there are probably many first rules—is don't get caught in a situation in which you can lose a great deal of money for reasons you don't understand.