Warren Buffett Quotes:"Rule No. 1 -
Never lose money. Rule No. 2 - Never forget Rule No. 1."
"I am a better investor because I am a businessman; and I am a better businessman because I am an investor."
"A horse that can count to ten is a remarkable horse - not a remarkable mathematician."
"We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait
indefinitely!"
"Success in investing doesn't correlate with IQ - once you're above the level of 125. Once you have ordinary intelligence, what you need is the
temperament to control the urges that get other people into trouble in investing."
"The only reason that one may not understand a financial statement is because the writer does not want you to understand it."
"We're perfectly willing to trade off a big payoff for a
certain payoff."
"Be Fearful when the World is Greedy and Be Greedy when the World is Fearful."
"It's not important how big one's circle of competence is; knowing its
boundaries, however, is critical."
"I don't try to jump over 7-foot hurdles: I look around for
1-foot bars that I can step over."
"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. The products or services that have wide, sustainable moats around them are the ones that deliver rewards to investors."
"When a management team with a reputation for billiance joins a business with poor fundamental economics, it is the reputation of the business that remains intact."
"I choose to work with every single person I work with. That ends up being the most important factor. I don't interact with people I don't like or admire. That the key. It's like marrying."
"It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price"
Ben Graham Quotes:"Investing is most intelligent when it is most businesslike."
Charlie Munger Quotes:"To a man with only a hammer, every problem looks like a nail."
"All intelligent investing is value investing."
Peter Lynch Quotes:"It's a real tragedy when you buy a stock that's overpriced; The company is a big success, and you still don't make any money."
Labels: ben graham, charlie munger, peter lynch, warren buffett