#Investing Quotes

“The way to make money in the stock market is to buy a stock. Then, when it goes up, sell it. If it's not going to go up, don't buy it!”

“The difference between success and failure is not which stock you buy or which piece of real estate you buy, it's asset allocation.”

“You have to move from just working for money to a world where money works for you.”

“You have to make the shift from being a consumer in the economy to becoming an owner-and you do it by becoming an investor.”

“Billionaire investors know they're going to be wrong, so they have a plan to protect against wrong.”

“The scary truth is 96 percent of mutual funds fail to match the market, and the 4 percent that do, they're always changing.”

“Investing is not as tough as being a top-notch bridge player. All it takes is the ability to see things as they really are.”

“We will prosper or suffer in controlled investments in relation to the operating performances of our businesses - we will not attempt to profit by playing various games in the securities markets.”

“You could be somewhere where the mail was delayed three weeks and do just fine investing.”

“Consciously paying more for a stock than its calculated value - in the hope that it can soon be sold for a still-higher price - should be labelled speculation”

“You don't have to be a genius to invest well”

“The best business returns are usually achieved by companies that are doing something quite similar today to what they were doing five or ten years ago.”

“You don't need to be an expert in order to achieve satisfactory investment returns. But if you aren't, you must recognize your limitations and follow a course certain to work reasonably well. Keep things simple and don't swing for the fences.”

“Do not take yearly results too seriously. Instead, focus on four or five-year averages.”

“So smile when you read a headline that says "Investors lose as market falls." Edit it in your mind to "Disinvestors lose as market falls-but investors gain." Though writers often forget this truism, there is a buyer for every seller and what hurts one necessarily helps the other. (As they say in golf matches: "Every putt makes someone happy.")”

“Don't pass up something that's attractive today because you think you will find something way more attractive tomorrow.”

“If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes.”

“Growth and value investing are joined at the hip.”

“Investment philosophy is the clear understanding that by owning shares of stocks he owns businesses, not pieces of paper.”

“Paradoxically, when 'dumb' money acknowledges its limitations, it ceases to be dumb.”

“The speed at which a business success is recognized, furthermore, is not that important as long as the company's intrinsic value is increasing at a satisfactory rate. In fact, delayed recognition can be an advantage: It may give us the chance to buy more of a good thing at a bargain price.”

“I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.”

“Lethargy, bordering on sloth should remain the cornerstone of an investment style.”

“Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.”

“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.”

“Success in investing doesn’t correlate with I.Q. Once you are above the level of 25; once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.”

“If book knowledge made great investors, than the librarians would all be rich.”

“If the world couldn't see your results, would you rather be thought of as the world's greatest investor but in reality have the world's worst record? Or be thought of as the world's worst investor when you were actually the best?”

“We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.”

“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.”

“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.”

“When asked how he became so successful in investing, Buffett answered: 'we read hundreds and hundreds of annual reports every year.”

“For some reason, people take their cues from price action rather than from values. What doesn't work is when you start doing things that you don't understand or because they worked last week for somebody else. The dumbest reason in the world to buy a stock is because it's going up.”

“If past history was all there was to the game, the richest people would be librarians.”

“I never invest in anything that I don't understand.”

“An investor should act as though he had a lifetime decision card with just twenty punches on it.”

“If you cannot control your emotions, you cannot control your money.”

“The trick is, when there is nothing to do, do nothing.”

“Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.”

“Risk can be greatly reduced by concentrating on only a few holdings.”

“I think you should read everything you can. In my case, by the age of 10, I'd read every book in the Omaha public library about investing, some twice.You need to fill your mind with various competing thoughts and decide which make sense.”

“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.”

“Our stay-put behavior reflects our view that the stock market serves as a relocation center at which money is moved from the active to the patient.”

“The only time to buy these is on a day with no 'y' in it.”

“I think the worst mistake you can make in stocks is to buy or sell based on current headlines.”

“If you own a wonderful business...the best thing to do is keep it. All you're going to do is trade your wonderful business for a whole bunch of cash, which isn't as good as the business, and you got the problem of investing in other businesses, and you probably paid a tax in between. So my advice to anybody who owns a wonderful business is keep it.”

“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.”

“I understand Goldman Sachs businesses. We do lot of business with him, and GE has been - I think it's the longest running stock in the Dow Jones industrial average. It will be 100 years now it will be around. I hope I'm around then, too. And it was an attractive investment. And we have had a lot of money around, over the last two years, and we're seeing things that are attractive now.”

“To be successful, you should concentrate on the world of companies, not arcane accounting mathematics.”

“Be fearful when the markets get greedy, be greedy when the markets get fearful.”