Investing “Throughout all my years of investing, I’ve found that the big money was never made in the buying or selling, the big money was made in the waiting.” -Jessie Livermore
Investing “We’ve long felt that the only value of stock forecasters is to make fortune tellers look good.” – Warren Buffett
Investing “If I’ve made one mistake in the course of managing investments it was selling really good companies too soon.” – Lou Simpson
Investing “The intelligent investor is a realist who sells to optimists and buys from pessimists.” – Benjamin Graham
Investing “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
Investing “Dost thou love life? Then do not squander time, for that is the stuff life is made of.” – Benjamin Franklin
Investing “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
Investing “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)
Investing “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
Investing “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
Investing “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
