quotations about investing
I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.
WARREN BUFFETT, lecture at Columbia University
Bulls make money, bears make money, pigs get slaughtered.
JIM CRAMER, Mad Money
Sometimes your best investments are the ones you don't make.
DONALD TRUMP, The Art of the Deal
We teach children to save their money. As an attempt to counteract thoughtless and selfish expenditure, that has value. But it is not positive; it does not lead the child into the safe and useful avenues of self-expression or self-expenditure. To teach a child to invest and use is better than to teach him to save.
HENRY FORD, My Life and Work
The good news is, the stock market is closed and it can’t hurt us again until tomorrow.
JAY LENO, The Tonight Show, Aug. 8, 2011
Never invest your money in anything that eats or needs repainting.
BILLY ROSE, New York Post, October 26, 1957
I made my first investment at age eleven. I was wasting my life up until then.
WARREN BUFFET, The Tao of Warren Buffet
How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.
ROBERT G. ALLEN, Creating Wealth
Know what you own, and know why you own it.
PETER LYNCH, attributed, Investopedia
The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities -- that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future -- will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There's a problem, though: They are dancing in a room in which the clocks have no hands.
WARREN BUFFETT, Berkshire Hathaway Chairman's Letter, 2000
An investment in knowledge pays the best interest.
BENJAMIN FRANKLIN, The Way to Wealth: Advice, Hints, and Tips on Business, Money, and Finance
Investors should purchase stocks like they purchase groceries, not like they purchase perfume.
BENJAMIN GRAHAM, attributed, Superinvestors: Lessons from the greatest investors in history
Only buy something that you would be perfectly happy to hold if the market shut down for ten years.
WARREN BUFFETT, Business World, 1987
One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute.
WILLIAM FEATHER, Forbes, 1989
Stock markets are important only because they allow you to buy and sell ownership interests in businesses. Everything else is just noise. I like to say that the best investors are pretend investors: those who can pretend that the stock market does not exist.
SHAM M. GAD, The Business of Value Investing
Success in investing doesn't correlate with I.Q. once you're 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.
WARREN BUFFETT, BusinessWeek interview, Jun. 25, 1999
The stock market is a no-called-strike game. You don't have to swing at everything -- you can wait for your pitch. The problem when you're a money manager is that your fans keep yelling, "Swing, you bum!"
WARREN BUFFETT, The Motley Fool, March 26, 2003
The only reason to invest in the market is because you think you know something others don’t.
R. FOSTER WINANS, Newsweek, December 1, 1986
Investing is important, but get debt-free first. That's what frees up your income so you can win.
DAVE RAMSEY, daily tip
The views of buyers and sellers respecting future prices, never more than approximations to the truth, often diverge from it very widely. Waves of opinion, now in excess now in defect of the fact, rise and fall daily, and larger ones weekly and monthly, tending, every now and then, to run into mania or panic; for it is among men of business as among other men, that they stand hesitating until some one sets the example, and then rush all one way, like a flock of sheep after the leader. These characteristics in human nature, leading to these perturbations, the far-seeing buyer takes into account--judging how far existing influences have made opinion deviate from the truth, and how far impending influences are likely to do it.
HERBERT SPENCER, The Study of Sociology