Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful.
– Warren Buffet
If you are not willing to look stupid in the short-run, you are not likely to be a successful investor in the long-run.
– Mason Hawkins
What makes sense for the investor is different from what makes sense for the manager. And, as usual in human affairs, what determines the behavior are incentives for the decision maker.
– Charlie Munger
Fundamental analysis seeks to establish how underlying values are reflected in stock prices, whereas the theory of reflexivity shows how stock prices can influence underlying values. One provides a static picture, the other a dynamic one.
– George Soros
What’s the worst that could happen? Everyone turned me down; big deal.
– J.K. Rowling
Invest in inflation. It’s the only thing going up.
– Will Rogers
Even if I knew that tomorrow the world would go to pieces, I would still plant my apple tree.
– Martin Luther King, Jr.
…more to come later