"The stock market is filled with individuals who know the price of everything, but the value of nothing."
–– Phil Fisher
"All intelligent investing is value investing. Acquiring more than you are paying for. You must value the business in order to value the stock."
–– Charlie Munger
“An investment in knowledge pays the best interest.”
–– Benjamin Franklin
“Successful investing is about having people agree with you…later”
–– James Grant
“The big money is not in the buying and selling… but in the waiting.”
–– Charlie Munger
“The single greatest edge an investor can have is a long-term orientation.”
–– Seth Klarman
“Successful investors tend to be unemotional, allowing the greed and fear of others to play into their hands. By having confidence in their own analysis and judgment, they respond to market forces not with blind emotion but with calculated reason. Successful investors, for example, demonstrate caution in frothy markets and steadfast conviction in panicky ones. Indeed, the very way an investor views the market and its price fluctuations is a key factor in his or her ultimate investment success or failure.”
–– Seth Klarman
"The four most dangerous words in investing are, it’s different this time."
–– Sir John Templeton
“The best way to measure your investing success is not by whether you’re beating the market but by whether you’ve put in place a financial plan and a behavioral discipline that are likely to get you where you want to go.”
–– Benjamin Graham
“A lot of people with high IQs are terrible investors because they’ve got terrible temperaments. You need to keep raw, irrational emotion under control.”
–– Charlie Munger
“Know what you own and know why you own it.”
–– Peter Lynch
“The investor’s chief problem — even his worst enemy — is likely to be himself.”
–– Benjamin Graham
“A market downturn doesn’t bother us. It is an opportunity to increase our ownership of great companies with great management at good prices.”
–– Warren Buffett