Successful investing involves the disciplined and patient execution of a long-term strategy, especially when it is emotionally difficult.
It is not whether you are right or wrong that is important, but how much money you make when you are right and how much you lose when you are wrong.
- George Soros, Chairman - Soros Fund Management
Markets tend to return to the mean over time.
- Bob Farrell, Chief stock market analyst - Merrill Lynch
Wide diversification is only required if investors do not understand what they are doing.
- Warren Buffett, Chairman - Berkshire Hathaway
If you do not understand the importance of the price of a stock, you pay a heavy price for it.
- Unknown
You are neither right nor wrong because other people agree or disagree with you. You are right if your facts and reasoning are right.
- Warren Buffett, Chairman - Berkshire Hathaway
Everyone has the IQ to follow the stock market. If you made it through fifth-grade math, you can do it.
- Peter Lynch, Manager - Fidelity Investments
I don't want a lot of good investments. I want a few outstanding ones.
- Philip Arthur Fisher, Author - Common Stocks and Uncommon Profits
A pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons.
- Warren Buffett, Chairman - Berkshire Hathaway
People who hold cash equivalents shouldn't feel too comfortable. They have opted for a terrible long-term asset which pays virtually nothing and is certain to depreciate in value.
- Warren Buffett, Chairman - Berkshire Hathaway
If investing is entertaining and you are having fun, you are probably not making any money. Good investing is boring.
- George Soros, Chairman - Soros Fund Management
