I am reviewing the quotes I found from investing school – definitely bookmark!
A public-opinion poll is no substitute for thought
That all depends. A public opinion poll would be more up a politician’s alley. But in investing? Eh, not so much. Or maybe this is his way of justifying investing in a slaughterhouse? Who knows. I guess we should research the full context of these quotes to find out.
Chains of habit are too light to be felt until they are too heavy to be broken.
I agree. You have to constantly strive to be the person you want to be.
I always knew I was going to be rich. I don’t think I ever doubted it for a minute.
Self-confidence. Even if you don’t believe it, just saying it will alter your mind, and that’s scientifically proven.
I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here.
Ok. I don’t find this one to be inspirational lol
I buy expensive suits. They just look cheap on me.
Must read quotes? Um, ok.
I don’t have a problem with guilt about money. The way I see it is that my money represents an enormous number of claim checks on society. It’s like I have these little pieces of paper that I can turn into consumption. If I wanted to, I could hire 10,000 people to do nothing but paint my picture every day for the rest of my life. And the GNP would go up. But the utility of the product would be zilch, and I would be keeping those 10,000 people from doing AIDS research, or teaching, or nursing. I don’t do that though. I don’t use very many of those claim checks. There’s nothing material I want very much. And I’m going to give virtually all of those claim checks to charity when my wife and I die.
Well, sort of. If people are willing to do it, then it would be worth their economic productivity to do so. Would you be able to make money on the end-product? Good question. Oh, and, Hey Warren, I could really use some “claim checks” right now :/ That’s what I don’t get about some rich people. Giving it to charity is fine, but what about your kids? Sure, sure, you don’t want them to feel entitled. You want them to be economically productive, but shouldn’t you set aside some wealth for them?
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
On the other side….what about a challenge? Or maybe he’s talking about picking the low hanging fruit? The “sure thing,” so to speak?
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.
Translation: buy for long-term.
If a business does well, the stock eventually follows.
Logic would follow…
If past history was all there was to the game, the richest people would be librarians.
I don’t think reading a book of 17th century poetry is going to get you far in life.
If you’re in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.
In all honesty, you don’t owe anyone anything, unless you have a contract…or whatever. I’m sorry, but I don’t buy this “social contract” thing.
In the business world, the rear view mirror is always clearer than the windshield.
Translation: Check out the company’s track record. Is it common sense? Kind of..
Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of even an outstanding company to catch up with the price they paid.
Wikipedia: Overheating of an economy occurs when its productive capacity is unable to keep pace with growing aggregate demand. It is generally characterised by an above-trend rate of economic growth, where growth is occurring at an unsustainable rate. Boom periods are often characterised by overheating in the economy. An economy is said to be overheated when inflation increases due to prolonged good growth rate and the producers produce in excess thereby creating excess production capacity. The main reason behind overheating is insufficient supply allocation because of excess spending by the people due to increase in consumer wealth.
I wonder if this is what he meant.
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.
Always think before action.
It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.
Yeah, I have read about this before. Always socialize with people “smarter” than you.
Ok. I’m going to streamline the 52 quotes, because a lot of them are a waste of time. It seems like the author just extracted every quote via a spider program, and simply posted the whole lot.
Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well.
Translation: never let others affect your investing style. Do your own thing.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.
Don’t be greedy. A sale is a sale. As long as the price is fair…
Wall Street is the only place that people ride to work in a Rolls Royce to get advice from those who take the subway.
Haha. So true.
Why not invest your assets in the companies you really like? As Mae West said, “Too much of a good thing can be wonderful”.
Definitely. I keep my investments in a bundle, but when given a choice, I rather invest in what I like than in…umm pepsico. No gracias.
Well, that’s it. There were more, but I had to cut the meat from the fat. Thank you for reading 🙂