The stock market is filled with individuals who know the price of everything, but the value of nothing.
The four most dangerous words in investing are: ‘This time it’s different.
The stock market is a device for transferring money from the impatient to the patient.
The goal of a successful trader is to make the best trades. Money is secondary.
Risk comes from not knowing what you’re doing.
The key to making money in stocks is not to get scared out of them.
Successful investing is about managing risk, not avoiding it.
The most important quality for an investor is temperament, not intellect.
Price is what you pay; value is what you get.
n the short run, the market is a voting machine, but in the long run, it is a weighing machine.
It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.
The four most dangerous words in investing are: ‘This time it’s different.
Risk comes from not knowing what you’re doing.
Successful investing is about managing risk, not avoiding it.
Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.
The most important quality for an investor is temperament, not intellect.
The best investment you can make is in yourself.
The market is a pendulum that forever swings between unsustainable optimism (which makes stocks too expensive) and unjustified pessimism (which makes them too cheap).
