20 Game-Changing Investment Quotes from Buffett, Munger, Klarman, Graham, and Howard Marks
- “Be fearful when others are greedy, and greedy when others are fearful.”
- Warren Buffett
- “The big money is not in the buying or the selling, but in the waiting.”
- Charlie Munger
- “The intelligent investor is a realist who sells to optimists and buys from pessimists.”
- Benjamin Graham
- “People should be highly skeptical of anyone’s including their own, ability to predict the future, and instead pursue strategies that can survive whatever may occur.”
- Seth Klarman
- “Investment success doesn’t come from “buying good things,” but rather from “buying things well.”
- Howard Marks
- "If a picture is worth a thousand words, in business, so is a number."
- Peter Lynch
- "Markets are constantly in a state of uncertainty and flux, and money is made by discounting the obvious and betting on the unexpected."
- George Soros
- The secret to investing is to figure out the value of something - and then pay a lot less.
- Joel Greenblatt
- Don’t mistake possibilities for probabilities. Anything is possible. It’s the probabilities that matter. Everything must be weighed in terms of its likelihood and prioritized.
– Ray Dalio
- Investing in the stock market is one of the best opportunities because you can own a piece of a scalable business without the risk of business ownership.
- Steve Burns
- You Can Be Wrong Half The Time and Still Make a Fortune. The Long Tail - is the tendency of a small number of events to account for the majority of outcomes. Basically, when you get a few things right, you can afford to get more things wrong.
- Morgan Housel
- Someone is sitting in the shade today because someone planted a tree a long time ago.
- Warren Buffett
- In reality, no one knows what the market will do; trying to predict it is a waste of time, and investing based upon that prediction is a speculative undertaking.
- Seth Klarman
- "Waiting for the bottom to start buying is a great example of folly. So if targeting the bottom is wrong, when should you buy? The answer’s simple: when price is below intrinsic value.”
- Howard Marks
- “Knowing what you don’t know is more useful than being brilliant.”
- Charlie Munger
- "Successful investing is about managing risk, not avoiding it."
- Benjamin Graham
- “Choosing individual stocks without any idea of what you're looking for is like running through a dynamite factory with a burning match. You may live, but you're still an idiot.”
- Joel Greenblatt
- "All you need for a lifetime of successful investing is a few big winners, and the pluses from those will overwhelm the minuses from the stocks that don’t work out."
- Peter Lynch
- “The single greatest edge an investor can have is a long-term orientation.”
- Seth Klarman
- “Buy a stock the way you would buy a house. Understand and like it such that you’d be content to own it in the absence of any market.”
- Warren Buffett
