"I never attempt to make money on..." - Quote by Warren Buffett
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
More by Warren Buffett
“A newspaper that reduces its coverage of the news important to its community is certain to reduce its readership as well”
“When asked how he became so successful in investing, Buffett answered: 'we read hundreds and hundreds of annual reports every year.”
“If, when making a stock investment, you're not considering holding it at least ten years, don't waste more than ten minutes considering it.”
More on Investing
“I always say that in investing you want to buy stock in a company that has a business that's so good that an idiot can run it, because sooner or later one will. We have a country like that.”
“Observing that the market was FREQUENTLY efficient, EMT Adherents went on to conclude incorrectly that it was ALWAYS efficient. The difference between these propositions is night and day.”
“We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.”
More on Stock Market
“Investors... can't pick stocks that are better than average. Stocks are a good thing to own over time. There's only two things you can do wrong: You can buy the wrong ones, and you can buy or sell them at the wrong time. And the truth is you never need to sell them.”
“Believing that fundamental conditions of the country are sound ... my son and I have for some days been purchasing sound common stocks”
“You pay a very high price in the stock market for a cheery consensus.”