- “INDIVIDUALS WHO CANNOT MASTER THEIR EMOTIONS ARE ILL-SUITED TO PROFIT FROM THE INVESTMENT PROCESS.” -BENJAMIN GRAHAM
2. “PRICES ARE NEVER TOO HIGH TO BEGIN BUYING OR TOO LOW TO BEGIN SELLING.” JESSE LIVERMORE
3. “THE KEY TO MAKING MONEY IN STOCKS IS NOT TO GET SCARED OUT OF THEM.” PETER LYNCH
4. “GROWTH STOCKS ARE WORTH BUYING WHEN THEIR PRICES ARE REASONABLE.” BENJAMIN GRAHAM
5. “DO NOT TAKE YEARLY RESULTS TOO SERIOUSLY. INSTEAD, FOCUS ON FOUR OR FIVE-YEAR AVERAGES.” BENJAMIN GRAHAM
6. “CONFRONTED WITH A CHALLENGE TO DISTILL THE SECRET OF SOUND INVESTMENT INTO THREE WORDS, WE VENTURE THE MOTTO MARGIN OF SAFETY.” WARREN BUFFETT
7. “THE DIFFERENCE BETWEEN SUCCESSFUL PEOPLE AND VERY SUCCESSFUL PEOPLE IS THAT VERY SUCCESSFUL PEOPLE SAY ‘NO’ TO ALMOST EVERYTHING.” WARREN BUFFETT
8. “THE BOOM & THE BUST WERE NORMAL JUST TWO MORE SWINGS IN STOCK RETURNS OVER THE PAST CENTURY. REVERSION TO THE MEAN IS THE IRON RULE OF THE FINANCIAL MARKETS” – JOHN BOGLE
9. “WALL STREET MAKES ITS MONEY ON ACTIVITY… YOU MAKE YOUR MONEY ON INACTIVITY’’- WARREN BUFFET
10. “OBVIOUS PROSPECTS FOR PHYSICAL GROWTH IN A BUSINESS DO NOT TRANSLATE INTO OBVIOUS PROFITS FOR INVESTORS” — BENJAMIN GRAHAM
11. “AN IMPORTANT KEY TO INVESTING IS TO REMEMBER THAT STOCKS ARE NOT LOTTERY TICKETS.” – PETER LYNCH
12 “THE EXTRAVAGANCE OF ANY CORPORATE OFFICE IS DIRECTLY PROPORTIONAL TO MANAGEMENT’S RELUCTANCE TO REWARD THE SHAREHOLDERS.” PETER LYNCH
13. “WHEN PURCHASING DEPRESSED STOCK IN TROUBLED COMPANIES, SEEK OUT THE ONES WITH THE SUPERIOR FINANCIAL POSITIONS AND AVOID THE ONES WITH LOADS OF BANK DEBT” – PETER LYNCH
14. “DO NOT BUY THE HYPE FROM WALL ST. & THE PRESS THAT STOCKS ALWAYS GO UP. THERE ARE LONG PERIODS WHEN STOCKS DO NOTHING & OTHER INVESTMENTS ARE BETTER.” -JIM ROGERS
15. MAKE A GREAT FIRST IMPRESSION. SUIT UP FOR THE OCCASION. ” -WARREN BUFFET
16. “THE RISK AMONG OF INVESTORS IS THAT THEY ONLY PAY ATTENTION TO WHAT THEY ALREADY AGREE WITH THAT’S LIMITING IN OUR OPINION, AND DANGEROUS.” -MICHAEL MAUBOUSSIN
17. “THE FOUR MORE EXPENSIVE WORDS IN THE ENGLISH LANGUAGE ARE ‘THIS TIME IT’S DIFFERENT’.” – SIR JOHN TEMPLETON
18. ACQUIRE WORLDLY WISDOM AND ADJUST YOUR BEHAVIOR ACCORDINGLY. IF YOUR NEW BEHAVIOR GIVES YOU A LITTLE TEMPORARY UNPOPULARITY WITH YOUR PEER GROUP… THEN TO HELL WITH THEM.” -CHARLIE MUNGER
19. ALL YOUR DREAMS CAN COME TRUE IF YOU HAVE THE COURAGE TO PURSUE THEM -WALT DISNEY
20. “GREAT COMPANY IS NOT A GREAT INVESTMENT IF YOU PAY TOO MUCH FOR THE STOCK.” -BENJAMIN GRAHAM
21. “A REASONABLY INTELLIGENT, INFORMED AND DILIGENT PERSON CAN JUDGE INVESTMENT RISKS WITH A USEFUL DEGREE OF ACCURACY.” -BENJAMIN GRAHAM
22. “SUCCESSFUL INVESTING IS ANTICIPATING THE ANTICIPATIONS OF OTHERS.” -JOHN MAYNARD KEYNES
23. “THE TIME OF MAXIMUM PESSIMISM IS THE BEST TIME TO BUY AND THE TIME OF MAXIMUM OPTIMISM IS THE BEST TIME TO SELL.” -JOHN TEMPLETON
24. “BASED ON MY OWN EXPERIENCE-BOTH AS AN INVESTOR IN RECENT YEARS AND AN EXPERT WITNESS IN YEARS PAST- RARELY DO MORE THAN THREE OF FOUR VARIABLES REALLY COUNT. EVERYTHING ELSE IS NOISE. “-MARTIN WHITMAN
25. “SUCCESSFUL TRADING IS ALWAYS AN EMOTIONAL BATTLE FOR THE SPECULATOR, NOT AN INTELLIGENT BATTLE. HE KNEW THAT HIS BIGGEST ENEMY WAS HIS OWN EMOTIONS ” -JESSE LIVERMORE
26. “STOP TRYING TO PREDICT THE DIRECTION OF THE STOCK MARKET OR THE ECONOMY ELECTIONS”-WARREN BUFFET
27. “PROFITS CAN BE MADE SAFELY ONLY WHEN THE OPPORTUNITY IS AVAILABLE AND NOT JUST BECAUSE THEY HAPPEN TO BE DESIRED OR NEEDED.” -GERALD M LOEB
28. “WHEN YOU KNOW WHAT NOT TO DO IN ORDER TO LOSE MONEY YOU BEGIN TO LEARN WHAT TO DO IN ORDER TO WIN.” -JESSE LIVERMORE
29. “BUY INTO A COMPANY BECAUSE YOU WANT TO OWN IT NOT BECAUSE YOU WANT THE STOCK TO GO UP.” -WARREN BUFFETT
30. “DON’T GAMBLE. TAKE ALL YOUR SAVINGS AND BUY SOME GOOD STOCK AND HOLD IT TILL IT GOES UP, THEN SELL IT. IF IT DOESN’T GO UP, DON’T BUY IT.” -WILL ROGERS
31. “INVESTING IS THE INTERSECTION OF ECONOMICS AND PSYCHOLOGY.” -SETH KLARMAN
32. “NO PROFESSION REQUIRES MORE HARD WORK, INTELLIGENCE, PATIENCE AND MENTAL DISCIPLINE THAN SUCCESSFUL SPECULATION.” -ROBERT RHEA
33. “BULL MARKET ARE BORN PESSIMISM, GROW ON SKEPTICISM, MATURE ON OPTIMISM, AND DIE ON EUPHORIA.” -SIR JOHN TEMPLETON
34. “WE HAVE A PASSION FOR KEEPING THINGS SIMPLE.” -CHARLIE MUNGER
35. “INVESTING IS FUN, EXITING, AND DANGEROUS IF YOU DON’T DO ANY WORK.” -PETER LYNCH
36. “WHAT HAS HAPPENED IN THE PAST, WILL HAPPEN AGAIN, AND AGAIN, AND AGAIN! -JESSE LIVERMORE
37. “THE DIFFERENCE BETWEEN SUCCESSFUL PEOPLE AND VERY SUCCESSFUL PEOPLE IS THAT VERY SUCCESSFUL PEOPLE SAY ‘NO’ TO ALMOST EVERYTHING.” WARREN BUFFET
38. “MARKET CAN REMAIN IRRATIONAL LONGER THAN YOU CAN REMAIN SOLVENT. ” -JOHN MAYNARD KEYNES
39. “WALL STREET MAKES ITS MONEY ON ACTIVITY… YOU MAKE YOUR MONEY ON INACTIVITY’’ – WARREN BUFFET
40. “OBVIOUS PROSPECTS FOR PHYSICAL GROWTH IN A BUSINESS DO NOT TRANSLATE INTO OBVIOUS PROFITS FOR INVESTORS” – BENJAMIN GRAHAM
41. “AN IMPORTANT KEY TO INVESTING IS TO REMEMBER THAT STOCKS ARE NOT LOTTERY TICKETS.” – PETER LYNCH
42. “WHEN PURCHASING DEPRESSED STOCK IN TROUBLED COMPANIES, SEEK OUT THE ONES WITH THE SUPERIOR FINANCIAL POSITIONS AND AVOID THE ONES WITH LOADS OF BANK DEBT” – PETER LYNCH
43. “DO NOT BUY THE HYPE FROM WALL ST. & THE PRESS THAT STOCKS ALWAYS GO UP. THERE ARE LONG PERIODS WHEN STOCKS DO NOTHING & OTHER INVESTMENTS ARE BETTER.” -JIM ROGERS
44. “AS LONG AS A STOCK IS ACTING RIGHT AND THE MARKET IS RIGHT, DO NOT BE IN A HURRY TO TAKE PROFITS.” -JESSE LIVERMORE
45.”THE HAPPIEST PEOPLE DO NOT NECESSARILY HAVE THE ‘BEST’ THINGS. THEY SIMPLY APPRECIATE THE THINGS THEY HAVE.” – WARREN BUFFET
46. “ABSORB WHAT IS USEFUL, DISCARD WHAT IS NOT, AND WHAT IS UNIQUELY YOUR OWN.” -BRUCE LEE
47. “WALL STREET IS THE ONLY PLACE THAT PEOPLE RIDE TO IN A ROLLS ROYCE TO GET AN ADVICE FROM THOSE WHO TAKE THE SUBWAY.” -WARREN BUFFET
48. “THE BIG MONEY IS NOT IN IN THE BUYING AND THE SELLING, BUT IN THE WAITING.” -CHARLIE MUNGER
49. “A TRADER SHOULD HAVE NO OPINION. THE STRONGER YOUR OPINION, THE HARDER IT IS TO GET OUT OF A LOSING POSITION.” -PAUL ROTTER
50. “THE STOCK MARKET IS NEVER OBVIOUS. IT IS DESIGNED TO FOOL MOST OF THE PEOPLE, MOST OF THE TIME.” -JESSE LIVERMORE
51. “YOU ONLY HAVE TO DO A VERY FEW THINGS RIGHT IN YOUR LIFE SO LONG AS YOU DON’T DO TOO MANY THINGS WRONG.” -WARREN BUFFET
52. ” GET OUT WHEN YOU CAN, NOT WHEN YOU HAVE TO.” -JESSE LIVERMORE
53. “PEOPLE WHO INVEST MAKE MONEY FOR THEMSELVES; PEOPLE WHO SPECULATE MAKE MONEY FOR THEIR BROKERS.” -BENJAMIN GRAHAM
54. “THERE IS NOTHING NEW ON WALL STREET.” – JESSE LIVERMORE
55. “THE WORST FORM OF INEQUALITY IS TO TRY TO MAKE UNEQUAL THINGS EQUAL” -ARISTOTLE
56. “STRESS IN TRADING IS A SIGN THAT SOMETHING IS WRONG.” -JACK SCHWAGER
57. “PEOPLE CALCULATE TOO MUCH AND THINK TOO LITTLE.” -CHARLIE MUNGER
58. “WHEN YOU FEEL LIKE QUITTING THINK ABOUT WHY YOU STARTED.”
59. “YOUR PREMIUM BRAND HAD BETTER BE DELIVERING SOMETHING SPECIAL, OR IT’S NOT GOING TO GET THE BUSINESS.” -WARREN BUFFET
60. “WE SIMPLY ATTEMPT TO BE FEARFUL WHEN OTHERS ARE GREEDY AND TO BE GREEDY ONLY WHEN OTHERS ARE FEARFUL.” -WARREN BUFFET
61. “I INSIST ON A LOT OF TIME BEING SPENT, ALMOST EVERY DAY, TO JUST SIT AND THINK. THAT IS VERY UNCOMMON IN AMERICAN BUSINESS.” – WARREN BUFFET
62. “I READ AND THINK. SO, I DO MORE READING AND THINKING AND MAKE LESS IMPULSE DECISION THAN MOST PEOPLE IN BUSINESS. I DO IT BECAUSE I LIKE THIS KIND OF LIFE.” -WARREN BUFFET
63. “THE INDIVIDUAL INVESTOR SHOULD ACT CONSISTENTLY AS AN INVESTOR NOT AS A SPECULATOR.” -BENJAMIN GRAHAM
64. “THE INDIVIDUAL INVESTOR SHOULD THOSE WHO KEEP LEARNING WILL KEEP RISING IN LIFE.” -CHARLIE MUNGER
65. “IT NEVER CEASES TO AMAZE ME TO SEE HOW MUCH TERRITORY CAN BE GRASPED IF ONE MERELY MASTERS AND CONSISTENTLY USES ALL THE OBVIOUS AND EASILY LEARNED PRINCIPLES.” -CHARLIE MUNGER
66. “IF INVESTING IS ENTERTAINING, IF YOU’RE HAVING FUN, YOU’RE PROBABLY NOT MAKING ANY MONEY. GOOD INVESTING IS BORING”. – GEORGE SOROS
67. “IN MY LIFE THERE ARE NOT THAT MANY QUESTIONS I CAN’T PROPERLY DEAL WITH USING MY 40$ ADDING MACHINE AND DOG-EARED COMPOUND INTEREST TABLE.”-CHARLIE MUNGER
68. “MONEY IS MADE BY CONSERVATIVE TRADING RATHER THAN BY EFFORT TO GET LARGE PROFITS BY TAKING LARGE RISKS.” -CHARLES DOW
69. “THE MARKETS ARE UNFORGIVING AND EMOTIONAL TRADING ALWAYS RESULTS IN LOSSES.” -ALEXANDER ELD
70. “KNOW WHAT YOU OWN AND KNOW WHY YOU OWN IT.” -PETER LYNCH
71. “TIME IS YOUR FRIEND; IMPULSE IS YOUR ENEMY.” -JOHN BOGLE
72. “THE BEST STOCK TO BUY IS THE ONE YOU ALREADY OWN.” -PETER LYNCH
73. “WHEN FORCED TO CHOOSE. I WILL NOT TRADE EVEN A SINGLE NIGHT’S SLEEP FOR THE CHANCE OF EXTRA PROFITS.” -WARREN BUFFETT
74. “AS YOU TRY NEW THINGS. YOU’LL HAVE SOME SUCCESSES AND YOU’LL HAVE A LOT OF FAILURES. DON’T GET DISCOURAGED!” -JOHN MAXWELL
75. “AVOID EXTREME INTENSE IDEOLOGY BECAUSE IT RUINS YOUR MIND. “-CHARLIE MUNGER
76. “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.”-WARREN BUFFET
77. “PEOPLE WHO KNOW THE EDGE OF THEIR OWN COMPETENCY ARE SAFE, AND THOSE WHO DON’T, AREN’T.” -WARREN BUFFET
78. “CONDUCT YOURSELF IN LIFE SO OTHER PEOPLE TRUS79T YOU. IT HELPS EVEN MORE IF THEY’RE RIGHT TO TRUST YOU.” -WARREN BUFFET
79. “IF YOU BUY THINGS YOU DO NOT NEED, SOON YOU WILL HAVE TO SELL THINGS YOU NEED.” -WARREN BUFFET
80. “IT’S BETTER TO HANG OUT WITH PEOPLE BETTER THAN YOU. PICK OUT ASSOCIATES WHOSE BEHAVIOR IS BETTER THAN YOURS & YOU’LL DRIFT IN THAT DIRECTION.”-WARREN BUFFET
81. “IF YOU DON’T FIND A WAY TO MAKE MONEY WHILE YOU SLEEP, YOU WILL WORK UNTIL YOU DIE.” -WARREN BUFFET
82. “THE STOCK MARKET IS A NO-CALLED-STRIKE GAME.” -WARREN BUFFET
83. “INVESTING IS NOT A GAME WHERE THE GUY WITH THE 160 IQ BEATS THE GUY 130 IQ.” -WARREN BUFFET
84. “ONLY BUY SOMETHING THAT YOU’D BE PERFECTLY HAPPY TO HOLD IF THE MARKET SHUT DOWN FOR 10 YEARS.” -WARREN BUFFET
85. “IF YOU ARE LAZY AND UNRELIABLE, IT DOESN’T MATTER WHAT YOU ARE GOOD AT.” -CHARLIE MUNGER
86. “I TRY TO BUY STOCK IN BUSINESS THAT ARE SO WONDERFUL THAT AN IDIOT CAN RUN THEM. BECAUSE SOONER OR LETTER, ONE WILL. -WARREN BUFFET”
87. “WE ‘RE HERE TO GO TO BED A LITTLE WISER THAN WHEN WE WOKE UP.” -WARREN BUFFET
88. “IT TAKES 20 YEARS TO BUILD A REPUTATION AND FIVE MINUTES TO RUIN IT. IF YOU THINK ABOUT THAT, YOU’LL DO THINGS DIFFERENTLY. -WARREN BUFFET”
89. “SOMEONE SITTING IN THE SHADE TODAY BECAUSE SOMEONE PLANTED A TREE A LONG TIME AGO. -WARREN BUFFET”
90. “IF A BUSINESS DOES WELL, THE STOCK EVENTUALLY FOLLOWS.” -WARREN BUFFET
91. “WHAT’S THE SENSE IN GETTING RICH IF YOU JUST STARE AT TICKER TAPE ALL DAY?” -WARREN BUFFET
92. “MUCH SUCCESS CAN BE ATTRIBUTED TO IN ACTIVITY. MOST INVESTORS CANNOT RESIST THE TEMPTATION TO CONSTANTLY BUY AND SELL. -WARREN BUFFET”
93. “THE BUSINESS SCHOOLS REWARD DIFFICULT COMPLEX BEHAVIOR MORE THAN SIMPLE BEHAVIOR, BUT SIMPLE BEHAVIOR IS MORE EFFECTIVE.” -WARREN BUFFET
94. “SUCCESS IS THE SUM OF SMALL EFFORTS, REPEATED DAY IN & DAY OUT.” -R COLIER
95. “HIRING PEOPLE, YOU CAN’T TRUST IS LIKE STARING OFF BY DROPPING A SPIDER IN YOUR BOSOM.” -CHARLIE MUNGER
96. “I’D LIKE TO BE REMEMBERED AS A GUY WHO TRIED.” -PAUL NEWMAN
97. “IT’S NOT YOUR SALARY THAT MAKES YOU RICH. IT’S YOUR SPENDING HABITS.” -CHARLES A JAFFE
98. “YOU HAVE TO FIGURE OUT WHAT YOUR OWN APTITUDES ARE. IF YOU PLAY GAMES WHERE OTHER PEOPLE HAVE THE APTITUDES AND YOU DON’T, YOU ARE GOING TO LOSE.” -CHARLIE MUNGER
99. “IF YOU ALWAYS TELL PEOPLE WHY, THEY’LL UNDERSTAND IT BETTER, THEY’LL CONSIDER IT MORE IMPORTANT. AND THEY’LL BE MORE LIKELY TO COMPLY.” -CHARLIE MUNGER
100. “OUR GAME IS TO RECOGNIZE A BIG IDEA WHEN IT COMES ALONG, WHEN ONE DOESN’T COME ALONG VERY OFTEN. OPPORTUNITY COMES TO THE PREPARED MIND.” -CHARLIE MUNGER
