Analysts have always been overly optimistic.
- David Dreman
"I buy when other people are selling.”
– J. Paul Getty
"There are no secrets to success. It is the result of preparation, hard work, learning from failure.”
- General Colin Powell
We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten. Don't let yourself be lulled into inaction.
- Bill Gates
The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances.
- Alan Greenspan
When people are frightened, they cut their time horizon dramatically, even advisors will say to sell because they see portfolios crumble and they fear people will have nothing left. It's really not rational, but it does happen.
- David Dreman
The world is changing very fast. Big will not beat small anymore. It will be the fast beating the slow.
- Rupert Murdoch
The individual investor should act consistently as an investor and not as a speculator. This means.. that (s)he should be able to justify every purchase (s)he makes and each price (s)he pays by impersonal, objective reasoning that satisfies him/her that (s)he is getting more than his/her money's worth for his/her purchase.
- Benjamin Graham
Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency of most people to speculate or gamble... to give way to hope, fear and greed.
- Benjamin Graham
If you buy all the stocks selling at or below two times earnings, you will lose money on half of them because instead of making profits they will actually lose money, but you will only lose a dollar or so a share at most. Then others will be mediocre performers. But the remaining big winners will go up and produce fabulous results and also ensure a good overall result.
- John Templeton
I've learned that mistakes can often be as good a teacher as success.
- Jack Welch
Before you can really start setting financial goals, you need to determine where you stand financially.
- David Bach
Vision is perhaps our greatest strength.. it has kept us alive to the power and continuity of thought through the centuries, it makes us peer into the future and lends shape to the unknown.
- Li Ka Shing
“When one door closes, another door opens: but we so often look so long and so regretfully upon the closed door that we do not see the ones which open for us”
- Alexander Graham Bell
"A window of opportunity won't open itself.”
- Dave Weinbaum
“Do not think of knocking out another person’s brains because he differs in opinion from you. It would be as rational to knock yourself on the head because you differ from yourself 10 years ago.”
- Horace Mann, educator
"Time is more valuable than money. You can get more money, but you cannot get more time."
– Jim Rohn
"Time is our most valuable asset, yet we tend to waste it, kill it, and spend it rather than invest it."
-Jim Rohn
"He who wishes to be rich in a day will be hanged in a year"
- Leonardo da Vinci
“An Entrepreneur's income generation is different than someone that worked at a job. Income generation for a person working was LINEAR. Entrepreneur income generation is EXPONENTIAL. Basically, very, very slow to begin, then as time progresses, explosive.”
- Michael John
“A person is limited only to his or her reality of what is possible financially. Nothing changes until that person’s reality changes. And a person’s financial reality will not change until he or she is willing to go beyond the fears and doubts of her own self-imposed limits.”
– Robert T. Kiyosaki
- Making good decisions is a crucial skill at every level.
- Peter Drucker
- Checking the results of a decision against its expectations shows executives what their strengths are, where they need to improve, and where they lack knowledge or information.
- Peter Drucker
- Suppliers and especially manufacturers have market power because they have information about a product or a service that the customer does not and cannot have, and does not need if he can trust the brand. This explains the profitability of brands.
- Peter Drucker
"What the mind of man can Conceive and Believe, it can Achieve." - Napoleon Hill
Showing posts with label Investment Quotes. Show all posts
Showing posts with label Investment Quotes. Show all posts
Tuesday, November 27, 2007
Sunday, November 18, 2007
Quotes from Jesse Livermore
- When I'm bearish and I sell a stock, each sale must be at a lower level than the previous sale. When I am buying, the reverse is true. I must buy on a rising scale. I don't buy long stocks on a scale down, I buy on a scale up.
- The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiarize yourself with the actions of the past, you will be able to anticipate and act correctly and profitably upon forthcoming movements.
- I never hesitate to tell a man that I am bullish or bearish. But I do not tell people to buy or sell any particular stock. In a bear market all stocks go down and in a bull market they go up.
- The average man does no€™t wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He does no€™t even wish to have to think.
- The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.
- The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiarize yourself with the actions of the past, you will be able to anticipate and act correctly and profitably upon forthcoming movements.
- I never hesitate to tell a man that I am bullish or bearish. But I do not tell people to buy or sell any particular stock. In a bear market all stocks go down and in a bull market they go up.
- The average man does no€™t wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He does no€™t even wish to have to think.
- The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.
Friday, November 16, 2007
Quotes from Peter Lynch
- You can make a lot of money from the stock market, but then again you can also lose money, as we proved.
- You can lose money in a very short time but it takes a long time to make money.
- The key to making money in stocks is not to get scared out of them.
- You shouldn't just pick a stock - you should do your homework.
- You have to research the company before you put your money into it.
- Hold no more stocks than you can remained informed on.
- You should not buy a stock because it's cheap but because you know a lot about it.
- The best stock to buy may be the one you already own.
- Once you've bought a stock, presumably you've learned something about the industry and the company's place within it, how it behaves in recessions, what factors affect the earnings, etc. Inevitably, some gloomy scenario will cause a general retreat in the stock market, your old favorites will once again become bargains, and you can add to your investment.
- If you like the store, chance are you'll like the stock.
- As long as the same-store sales are on the increase, the company is not crippled by excessive debt, and it is following its expansion plans as described in its reports, it usually pays to stick with the stock.
- I always ended these discussions by asking: which of your competitors do you respect the most?
- You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets.
- I think you have to learn that there's a company behind every stock, and that there's only one real reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.
- In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.
- A good company usually increases its dividend every year.
- Buying stocks in utility company is good because it gives you a higher dividend, but you'll make money in growth stocks.
- The dividend is such an important factor in the success of many stocks that you could hardly go wrong by making an entire portfolio of companies that have raised their dividends for 10 or 20 years in a row.
- When yields on long-term government bonds exceed the dividend yield of the S&P 500 by 6 percent or more, sell your stocks and buy bonds.
- Buy or do not buy the stock on the basis of whether or not growth meets your objectives and whether the price is reasonable.
- Over the last seventy years the market has declined forty times, so an investor has to be willing to be in the market for the long term.
- You want to see, first, that sales and earnings per share are moving forward at an acceptable rate and, second, that you can buy the stock at a reasonable price.
- The stock market really isn't a gamble, as long as you pick good companies that you think will do well, and not just because of the stock price.
- When you invest in the stock market you should always diversify.
- Never fall in love with a stock; always have an open mind.
- Just because a stock goes down doesn't mean it can't go lower.
- Over the long term, it's better to buy stocks in small companies.
- It is well to consider the financial strength and debt structure to see if a few bad years would hinder the company's long-term progress.
- I always look for banks that have a strong local deposit base, and are efficient and careful commercial lenders.
- You've got to go into places where other investors and especially fund managers fear to tread, or, more to the point, to invest. As 1991 came to a close, the most fearsome places were all connected to housing and real estate.
- The extravagance of any corporate office is directly proportional to management's reluctance to reward the shareholders.
- I was attracted to fast-food restaurants because they were so easy to understand. A restaurant chain that succeeded in one region had an excellent chance of duplicating its success in another.
- 90 seconds is plenty of time to tell the story of a stock. If you're prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so that fifth grader won't get bored.
- It's important to get out of a cyclical at the right time. Chrysler is an example of how quickly things can go from good to worse. The company earned $4.66 a share in 1988 and people were looking for another $4 in 1989. Instead, Chrysler earned $1 and change in 1989, 30 cents in 1990, and in 1991 it lost a bundle and fell into the red.
-It seemed to me that we were far into the economic recovery and that people who were going to buy new cars had done so, and the analysts who followed the autos were making optimistic earnings projections that my research told me were unsupportable.
- The bond market is dominated by conservative investors who keep rather close tabs on a company's ability to repay the principal. Since bonds come before stocks in the lineup of claimants on the company's assets, you can be sure that when bonds sell for next to nothing, the stock will be worth even less. Here's a tip from experience: before you invest in a low-priced stock in a shaky company, look at what's been happening to the price of the bonds.
- The very homogeneity of taste in food and fashion that makes for a dull culture also makes fortunes for owners of retail companies and of restaurant companies as well. What sells in one town is almost guaranteed to sell in another.
- In double-decker malls, the most popular retailers are usually found upstairs.
- The price of the median house is only one of the many quiet facts that can be a great source of strength and consolation for investors willing to explore the scariest areas of the market. Other useful quiet facts are the "affordability index" from the National Association of Home Builders and the percentage of mortgage loans in default.
- A technique that works repeatedly is to wait until the prevailing opinion about a certain industry is that things have gone from bad to worse, and then buy shares in the strongest companies in the group. (This technique isn't foolproof. In the oil and gas drilling industries, people were saying things couldn't get any worse in 1984, and they've been getting worse ever since. It's senseless to invest in a downtrodden enterprise unless the quiet facts tell you that conditions will improve.)
- You can imagine my excitement at finding a company with very little debt and enough new orders to keep it busy for two years, its competitors dropping by the wayside, and its stock selling for one fifth its 1991 high.
- You can lose money in a very short time but it takes a long time to make money.
- The key to making money in stocks is not to get scared out of them.
- You shouldn't just pick a stock - you should do your homework.
- You have to research the company before you put your money into it.
- Hold no more stocks than you can remained informed on.
- You should not buy a stock because it's cheap but because you know a lot about it.
- The best stock to buy may be the one you already own.
- Once you've bought a stock, presumably you've learned something about the industry and the company's place within it, how it behaves in recessions, what factors affect the earnings, etc. Inevitably, some gloomy scenario will cause a general retreat in the stock market, your old favorites will once again become bargains, and you can add to your investment.
- If you like the store, chance are you'll like the stock.
- As long as the same-store sales are on the increase, the company is not crippled by excessive debt, and it is following its expansion plans as described in its reports, it usually pays to stick with the stock.
- I always ended these discussions by asking: which of your competitors do you respect the most?
- You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets.
- I think you have to learn that there's a company behind every stock, and that there's only one real reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.
- In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.
- A good company usually increases its dividend every year.
- Buying stocks in utility company is good because it gives you a higher dividend, but you'll make money in growth stocks.
- The dividend is such an important factor in the success of many stocks that you could hardly go wrong by making an entire portfolio of companies that have raised their dividends for 10 or 20 years in a row.
- When yields on long-term government bonds exceed the dividend yield of the S&P 500 by 6 percent or more, sell your stocks and buy bonds.
- Buy or do not buy the stock on the basis of whether or not growth meets your objectives and whether the price is reasonable.
- Over the last seventy years the market has declined forty times, so an investor has to be willing to be in the market for the long term.
- You want to see, first, that sales and earnings per share are moving forward at an acceptable rate and, second, that you can buy the stock at a reasonable price.
- The stock market really isn't a gamble, as long as you pick good companies that you think will do well, and not just because of the stock price.
- When you invest in the stock market you should always diversify.
- Never fall in love with a stock; always have an open mind.
- Just because a stock goes down doesn't mean it can't go lower.
- Over the long term, it's better to buy stocks in small companies.
- It is well to consider the financial strength and debt structure to see if a few bad years would hinder the company's long-term progress.
- I always look for banks that have a strong local deposit base, and are efficient and careful commercial lenders.
- You've got to go into places where other investors and especially fund managers fear to tread, or, more to the point, to invest. As 1991 came to a close, the most fearsome places were all connected to housing and real estate.
- The extravagance of any corporate office is directly proportional to management's reluctance to reward the shareholders.
- I was attracted to fast-food restaurants because they were so easy to understand. A restaurant chain that succeeded in one region had an excellent chance of duplicating its success in another.
- 90 seconds is plenty of time to tell the story of a stock. If you're prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so that fifth grader won't get bored.
- It's important to get out of a cyclical at the right time. Chrysler is an example of how quickly things can go from good to worse. The company earned $4.66 a share in 1988 and people were looking for another $4 in 1989. Instead, Chrysler earned $1 and change in 1989, 30 cents in 1990, and in 1991 it lost a bundle and fell into the red.
-It seemed to me that we were far into the economic recovery and that people who were going to buy new cars had done so, and the analysts who followed the autos were making optimistic earnings projections that my research told me were unsupportable.
- The bond market is dominated by conservative investors who keep rather close tabs on a company's ability to repay the principal. Since bonds come before stocks in the lineup of claimants on the company's assets, you can be sure that when bonds sell for next to nothing, the stock will be worth even less. Here's a tip from experience: before you invest in a low-priced stock in a shaky company, look at what's been happening to the price of the bonds.
- The very homogeneity of taste in food and fashion that makes for a dull culture also makes fortunes for owners of retail companies and of restaurant companies as well. What sells in one town is almost guaranteed to sell in another.
- In double-decker malls, the most popular retailers are usually found upstairs.
- The price of the median house is only one of the many quiet facts that can be a great source of strength and consolation for investors willing to explore the scariest areas of the market. Other useful quiet facts are the "affordability index" from the National Association of Home Builders and the percentage of mortgage loans in default.
- A technique that works repeatedly is to wait until the prevailing opinion about a certain industry is that things have gone from bad to worse, and then buy shares in the strongest companies in the group. (This technique isn't foolproof. In the oil and gas drilling industries, people were saying things couldn't get any worse in 1984, and they've been getting worse ever since. It's senseless to invest in a downtrodden enterprise unless the quiet facts tell you that conditions will improve.)
- You can imagine my excitement at finding a company with very little debt and enough new orders to keep it busy for two years, its competitors dropping by the wayside, and its stock selling for one fifth its 1991 high.
Wednesday, November 14, 2007
Quotes from George Soros
- Financial markets are supposed to swing like a pendulum: They may fluctuate wildly in response to exogenous shocks, but eventually they are supposed to come to rest at an equilibrium point.
- The financial markets generally are unpredictable. So that one has to have different scenarios.. The idea that you can actually predict what's going to happen contradicts my way of looking at the market.
- Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
- Well, you know, I was a human being before I became a businessman.
- The financial markets generally are unpredictable. So that one has to have different scenarios.. The idea that you can actually predict what's going to happen contradicts my way of looking at the market.
- Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
- Well, you know, I was a human being before I became a businessman.
Monday, November 12, 2007
Quotes from Warren Buffet
- In the business world, the rear view mirror is always clearer than the windshield.
- Look at market fluctuations as your friend rather than your enemy.. profit from folly rather than participate in it.
- Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be mis-appraised.
- Our favourite holding period is forever.
- Wide diversification is only required when investors do not understand what they are doing.
- Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
- We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
- Why not invest your assets in the companies you really like? As Mae West said, "Too much of a good thing can be wonderful"
- Look at market fluctuations as your friend rather than your enemy.. profit from folly rather than participate in it.
- Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be mis-appraised.
- Our favourite holding period is forever.
- Wide diversification is only required when investors do not understand what they are doing.
- Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
- We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
- Why not invest your assets in the companies you really like? As Mae West said, "Too much of a good thing can be wonderful"
Wednesday, September 26, 2007
Investment Quotes from Jim Cramer
- Picking the right stocks is one of the hardest parts of investing, and every night on Mad Money, I try to take some of that burden off your shoulders.
- Every once in a while, the market does something so stupid it takes your breath away.
- As long as you enjoy investing, you'll be willing to do the homework and stay in the game. That's why I try to make the show so entertaining, because if you aren't interested, you'll either miss the opportunity to make money in the market or not pay enough attention and end up losing your shirt.
- Every once in a while, the market does something so stupid it takes your breath away.
- As long as you enjoy investing, you'll be willing to do the homework and stay in the game. That's why I try to make the show so entertaining, because if you aren't interested, you'll either miss the opportunity to make money in the market or not pay enough attention and end up losing your shirt.
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