- Time and compound interest are magic. - Paul O'Neill
- There is a big difference between investing and speculating. - Paul O'Neill
- You only buy stock with money you can afford to lose.
- Look at stock as being part of a business versus something that has a lot of flash about it or something that your broker or neighbor simply tells you about. - Warren Buffet
- Look into the company reports and filings the SEC requires every publicly traded company to provide investors. Ask yourself whether this business is straightforward and understandable. Does it have cash flow? What are its long term prospects? Are its earnings reports relatively consistent? Does it have a solid, consistent operating history? High profit margins? These are all important sign posts. - Warren Buffet
- Buffet believes investors should turn a deaf ear to the day to day gyrations of the stock market. Good quality companies can withstand these gyrations.
- Time is a friend of the wonderful business, the enemy of the mediocre. - Warren Buffett
- Three characteristics successful companies seem to share. Invest in companies that:
- are in good markets
- have a great culture, great people, and great values
- are constantly reinventing themselves. - Stanley M Bergman
- Save. Save a lot and save often. - Richard Bernstein
- Savings and consumption are mutually exclusive. You simply can't do both. - Richard Bernstein
- Debt is an insidious detractor from building wealth. - Richard Bernstein
- If you live for today, you have less for tomorrow. - Richard Bernstein
- The key is to look for companies with a high return on equity and a low PE ratio. - Scott Black
- Attempting to time the market is a mistake. - Scott Black
- You should have most of your money in equities, especially when you are younger, because this enables you to participate in the growth of the U.S. economy. - Scott Black
- There is room to be a successful investor, merely by understanding three simple concepts:
- how to reduce stock risk
- what drives stock prices
- how to optimize investment returns. - John Bogle
- You can accumulate wealth not through salaries but by acquiring equity. - Burt Upjohn
- 7 common principles of value leadership:
- value human relationships
- foster teamwork
- experiment frugally
- fulfill your commitments
- fight complacency
- win through multiple means
- give to your community. - Peter S Cohen
- Pay attention to the organization's leaders, track record, and core values, and then ask the question, "Do I trust him?" - Art Collins
- Diversify your portfolio and minimize taxes and trading costs. Know your investment goals and choose your assets to achieve your goals. Invest regularly and avoid timing the market. - John Core
- Save as much as you can and your investments will do better. Do not pick stocks unless you are following stocks regularly. Resist temptation to sell stocks short. - John Core
- Taking risks is key to a successful investment strategy, but you have to take prudent risks. - David Darst
- All the investment greats go in with baby steps and with flexibility. - David Darst
- Investing is part science and part art. The science is the discipline and the art is the judgment. - Bob Doll
- In investing, you should diversify -- don't try to hit homeruns. - Steve Forbes
- The bottom line is if it feels good, don't, and, if it feels bad, do it. - Steve Forbes
- Save the pennies and the dollars will save themselves. - Debby Fowles
- People tend to buy the most expensive home, car, clothes, and the latest tech gadgets, but this is all money that could've been invested. You need to make a conscious decision regarding what really matters the most. - Debbie Fowles
- They don't understand the fundamental relation between a profitable company and a company with great service. Most investors don't look at this correlation even though it is the leading indicator of a profitable company. - James Walton, son of Sam Walton
- This is a process, not a lottery ticket, and you have to be in it for the long run. - Dr Bob Froehlich
- The portfolio theory of investing makes much more sense for the average investor. - Jim Hackett
- While risk is direction related to reward in our world, risk needs to be prudently managed. - Jim Hackett
- You can never have a perfect game because you can't control the referees or the weather. But, you can have a perfect practice. - Vince Lombardi
- The single most important determinant in your investment strategy is to develop a thorough understanding of your individual risk profile and your long term requirements and goals. - Susan Ivey
- When it comes to investing, boring is a very rewarding thing to be. - Mike Jackson
- Cash flow needs to line up with profits. The stock price should relate to performance. And the company should be poised for continued success by leveraging whatever advantages they have over the competition. - Mike Jackson
- Pride, impatience, ignorance, shortsightedness, and farsightedness can all lead to bad investment decisions. - Doug Kass
- To win over the long run, you need to grind it out. - Doug Kass
- The more certain the crowd is, the more certain it is to be wrong. After all, if everyone were right, there would be no reward. - Doug Kass
- Four green houses turn into one red hotel. - Robert Kiyosaki
- Everyone who wants to be a successful investor needs a plan, then needs to follow their plan. - Robert Kiyosaki
- By holding on to your investments, you are making a bet on the long-run health of the American economy and our free market capitalist system. - Lawrence Kudlow
- Look for companies that are pretty easy to understand and that focus on long-term growth and leadership. - A G Lafley
- Don't get into credit card debt. If you do, you are giving up the opportunity to invest your own money because you owe money. - Alexandra Lebenthal
- Once you have educated yourself, diversity in a portfolio is the most important thing. You should never have all your eggs in one basket. - Alexandra Lebenthal
- Bonds are the stable part of your portfolio, they are what you can depend on, the thing you can plan on.
- Start investing as early as you can and invest for your life cycle. - Joe Lee
- When you look at a company you should ask, "Does this company have good leadership? Does this company provide a product or service that is greatly desired or needed by the people? Do they have a long-term market?" - Joe Lee
- Cash is not trash. If you don't have cash available, you can't take advantage of opportunities. Cash is a very valuable offensive weapon. - Steve Leuthold
- Don't invest in anything you don't understand. - Peter Lynch
- Invest and save, even in small amounts, but with every paycheck. - Edward Ludwig
- Follow the path of your own experience. Your years of experience coupled with your instincts are the best guide for your business and personal investment decisions. Follow them. - Terry Lundgren
- I am not in favor of buying single stocks because I think it is impossible to have enough information to do it successfully. - Howard Lutnick
- Don't look at stocks like marriage. When you buy a stock, you are just supposed to date it, sell it when its up, and whatever you do, don't marry it. - Howard Lutnick
- I encourage everyone to diversify your portfolio, invite annual reviews by a professional advisor, and make important adjustments as your age, time horizon, and risk tolerance change. - Mackey J Mcdonald
- You can generally lose more money in a matter of minutes than you can make in a matter of years. - Roger McNamee
- Invest with competent, successful management, that's the key. It's the same in all business -- it's the management! - Alan B Miller
- To be a successful investor, you need to have a thorough understanding, both intellectually and emotionally, of what your risk tolerance is. - Joe Moglin
- There is no such thing as a dumb question when it comes to your own money. You have to take ownership of your finances! - Georgette Mosbacher
- Investments should be broken into 3 specific and well defined buckets:
- money that will be absolutely safe no matter what happens in the world. (treasuries, agencies, and triple-A insureds) This should be your largest bucket.
- equities of world class companies. There must be a long-term commitment to this bucket and it should be reviewed on a regular basis. (30 - 40% of holdings)
- "Go for the gusto" pot. Junk bonds, high risk stocks, and from time to time a trip to Vegas. Be emotionally prepared to lose everything in this bucket. < 10% of holdings, preferably 5. - Angelo Mozilo
- The only way to analyze a company and judge the quality of management is to look at what management is doing as portrayed in the financial statements rather that what they are saying. - Angelo Mozilo
- Never row out farther than you can swim back. - Swedish saying
- Paying the wrong price for a good company is the equivalent of buying a bad company. - Robert A Olstein
- The desire to be right all of the time is a roadblock to being right over time. - Robert A Olstein
- It's better to have 50% of something than 100% of nothing. - Suze Orman
- Fear, shame, and anger are the three internal obstacles to wealth. - Suze Orman
- Generally, it is going against the grain that will better enable you to find investment success. - Wilbur Ross
- When you invest, make sure you know what you're investing in. Move toward opportunities you have an affinity and passion for. It will be a winning combination. - Ronald L Sargent
- People will always pay for brands. - Irwin Simon
- We continue to believe that staying focused on the key investment principles of diversification, buying quality investments, and maintaining a long-term perspective is the best way for investors to reach their long-term goals. - Alan Skrainke
- People should stop chasing performance and just put together a sensible portfolio regardless of the ups and downs of the market. - David Swensen
- You will get plenty of exposure to international markets by investing in the S&P 500 index funds or broad-based equity funds, since many of these companies do business globally. - Don Washkewicz
- By hiring an advisor or financial planner, you aren't giving up your responsibility to understand what they are telling you and what they are advising you to do... - Robert Weissenstein
- You should not take advice at face value from a single person. - Robert Weissenstein
- The more that people try to hit home runs, the less likely they are to get on base. - Robert Weissenstein
- There are three things I always look at to improve my odds as an investor: business model, earnings potential, and management. - Miles White
- The reason for holding a stock is that you believe in the future of the company. If you don't believe this, you should sell. - Stephen P Zeldes
- If you aren't a high-level executive who is forced to hold company stock, it is generally better to avoid doing so. - Stephen P Zeldes
If you enjoyed the quotes, consider picking up a copy of the book for yourself.
