Quotes - Investing

"Bear Market: An episode during which common stocks are returned to their rightful owners." - Traditional Wall Street definition

“Put all your eggs in one basket and then watch that basket" - Andrew Carnegie         

"You can't get rich trading hours for dollars." - Unknown

"The whole secret of investment is to find places where it's safe and wise to non-diversify. It's just that simple." - Charlie Munger

"Everyone is a disciplined, long-term investor...until the market goes down." -Steve Forbes             

“Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold.” - Warren Buffet                     

“....Give me bad news any day over complete uncertainty." -Jim Paulsen               

“To repeat, while such an index-driven strategy may not be the best investment strategy ever devised, the number of investment strategies that are worse is infinite.”-John Bogle   

“Let every man divide his money into three parts, and invest a third in land, a third in business, and a third let him keep by him in reserve.” - Ancient Talmud 

“'It's tough to make predictions, especially about the future'” -Yogi  Berra

"How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case." - Robert G. Allen

"The four most dangerous words in investing are: 'this time it's different.'" - Sir John Templeton

"You can't be normal and expect abnormal returns." - Jeffrey Pfeffer

"Diversification is the one free lunch of investing, and when you see a free lunch, the only rational thing to do is eat." -Cliff Asness

"The stock market is the only market where things go on sale and all the customers run out of the store..." - Cullen Roche

“Prices fluctuate more than values – so therein lies opportunity” – Joel Greenblatt

"The first rule of compounding is to never interrupt it unnecessarily." - Charlie Munger

"Its not whether you're right or wrong, but how much money you make when you're right and how much you lose when you're wrong." - George Soros

"The decision to hold cash as an asset is as much much an investment decision has as buying a stock" - Dan White

"The intelligent investor is a realist who sells to optimists and buys from pessimists." - Benjamin Graham

"How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case." - Robert G. Allen

"The presence or absence of intrinsic productive capacity that lends itself to rational valuation seems to me the dividing line between investment and speculation" - Nick Murray

"Be bold and brave, then diversify and remain paranoid." - Morgan Housel 

"One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do." - Jim Rogers

"We've long felt that the only value of stock forecasters is to make fortune tellers look good." - Warren Buffett 

"Diversification is for those who lack conviction" - Cameron Winklevoss

"Time is the coin of your life. It is the only coin you have, and only you can determine how it will be spent. Be careful lest you let other people spend it for you." - Carl Sandburg

"Dost thou love life? Then do not squander time, for that is the stuff life is made of." - Benjamin Franklin

"Our favorite holding period is forever" - Warren Buffett

"Sometimes it is best to simply say "I don't know exactly what is going to happen, but I think X strategy has a high probability of working. I'm going to put skin-in-the-game and allocate capital according to X strategy. If I see data points Y and Z change, then I will re-evaluate my perspective." - Pomp

"If I've made one mistake in the course of managing investments it was selling really good companies too soon." - Lou Simpson 

"Advisors can create the best portfolios in the world, but they won't really matter if the clients don't stay in them." -  Harry Markowitz

"Skeptics sound smart. Optimists make money" - Nat Friedman

"Know when to sell. Ideally, the time to sell is...almost never. But there're 3 instances where we might need to sell: 1) our analysis is wrong 2) prospects of business have deteriorated 3) There's a better opportunity" - Thomas Chua (Twiiter post)

"I can calculate the motion of heavenly bodies, but not the madness of people." - Isaac Newton

"A very important principle in investing is you don't have to make it back the way you lost it. And in fact, it's usually a mistake to try and make it back the way that you lost it." - Warren Buffett

"Here's the thing about behavioral economics. People are crazy." - Phil Pearlman 

"Financial success is not a hard science. It's a soft skill, where how you behave is more important than what you know" - Morgan Housel

"Which is worse, buying at the top or selling at the bottom? For me the answer is easy: the latter. If you buy at what turns out to have been a market top, you'll suffer a downward fluctuation. But that isn't cause for concern if the long-term thesis remains intact. And anyway, the enxt top is usually higher than the last top, meaning you're likely to be ahead eventually. But if you sell at a market bottom, you render the downward fluctuation permanent, and, even more importantly, you get off the escalator of a rising economy and rising markets that has made so many long-term investors rich. This is why I describe selling at the bottom as the cardinal sin in investing." - Howard Marks