I would say 95% of all these people you hear on TV shows are giving you their personal opinion. And personal opinions are almost always worthless. Facts are far more reliable.
People spend so much time trying to figure out if the market is going up. That is so unimportant. They don't realize it is all about a company's earnings. People need to follow the earnings.
- Peter Lynch, Manager - Fidelity Investments
If I owe you a pound, I have a problem. But if I owe you a million, the problem is yours.
- John Maynard Keynes, Father of modern macroeconomics
Successful investing involves the disciplined and patient execution of a long-term strategy, especially when it is emotionally difficult.
- Bill Miller, Chairman - Legg Mason Capital Management
The stock market is filled with individuals who know the price of everything, but the value of nothing.
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Markets can remain irrational longer than you can remain solvent.
- John Maynard Keynes, Father of modern macroeconomics
The essence of investment management is not just in the management of returns. It is also in the management of risks.
- Benjamin Graham, Author - The Intelligent Investor
If you keep doing the same things, you will keep getting the same result over and over again.
- Warren Buffett, Chairman - Berkshire Hathaway
The stock market is filled with individuals who know the price of everything, but the value of nothing.
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While enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster.
- Benjamin Graham, Author - The Intelligent Investor
Based on my own personal experience, rarely do more than three or four variables really count. Everything else is noise.
- Marty Whitman, Founder - Third Avenue Value Fund
