invest— laws, rules, secrets. The best quotations and sayings with comments
I never buy anything unless I can fill out on a piece of paper my reasons. I may be wrong, but I would know the answer to that. “I'm paying $32 billion today for the Coca-Cola Company because…” If you can't answer that question, you shouldn't buy it. If you can answer that question, and you do it a few times, you'll make a lot of money.
The most important quality for an investor is temperament, not intellect... You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.
If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.
Risk comes from not knowing what you're doing.
Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.
Never invest in a going concern until you know which way it is going.
Sometimes your best investments are the ones you don't make.
Optimism and stupidity are nearly synonymous.
You are your greatest asset. Put your time, effort and money into training, grooming, and encouraging your greatest asset.
Capital is dead labor, which, vampire-like, lives only by sucking living labor, and lives the more, the more labor it sucks.
Of course we have to make a profit, but we have to make a profit over the long haul, not just the short term, and that means we must keep investing in research and development - it has run consistently about 6 percent of sales at Sony - and in service.
Share prices follow the theorem: hope divided by fear minus greed.
Investing without research is like playing stud poker and never looking at the cards.
Never invest in any idea you can't illustrate with a crayon.
Remember the only two investment principles that matter - what is, isn't. What isn't, is. Master this knowledge and no market can defeat you. Listen to the cry of the reptile deep within you.
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
We are not a stock that you can sleep well with at night. We are a volatile stock . . . For a short-term investor, or for a small investor, I wouldn't invest in internet stocks..
Rule №1: “Never lose money”.;
Rule №2: “Never forget rule №1”
Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
Never invest in a business you cannot understand.