The Top 22 Investment Quotes
 Warren Buffett (Net Worth $39 Billion)
Warren Buffett (Net Worth $39 Billion)
 – “‘Price is what you pay; value is what you get.’ Whether we’re 
talking about socks or stocks, I like buying quality merchandise when it
 is marked down.”
 George Soros (Net Worth $22 Billion)
George Soros (Net Worth $22 Billion) - ”I’m only rich because I know when I’m wrong…I basically have survived by recognizing my mistakes.”
 Carl Icahn (Net Worth $13 Billion)
Carl Icahn (Net Worth $13 Billion) - “You learn in this business: If you want a friend, get a dog”
 David Rubenstein (Net Worth $2.8 Billion)
David Rubenstein (Net Worth $2.8 Billion)
 – “Persist – don’t take no for an answer. If you’re happy to sit at 
your desk and not take any risk, you’ll be sitting at your desk for the 
next 20 years.”
 Ray Dalio (Net Worth $6.5 Billion)
Ray Dalio (Net Worth $6.5 Billion)
 – “More than anything else, what differentiates people who live up to 
their potential from those who don’t is a willingness to look at 
themselves and others objectively.”
 Alisher Usmanov (Net Worth $18.1 Billion)
Alisher Usmanov (Net Worth $18.1 Billion) - ”First
 of all I trust my own instinct, experience that I gained over years and
 feeling when the moment is right for buying shares. That is what one 
calls intuition.
 Carlos Slim (Net Worth $69 Billion)
Carlos Slim (Net Worth $69 Billion) - “Anyone who is not investing now is missing a tremendous opportunity.”
 Eddie Lampert (Net Worth $3 Billion)
Eddie Lampert (Net Worth $3 Billion)
 – “This idea of anticipation is key to investing and to business 
generally. You can’t wait for an opportunity to become obvious. You have
 to think, “Here’s what other people and companies have done under 
certain circumstances. Now, under these new circumstances, how is this 
management likely to behave?”
 T. Boone Pickens (Net Worth $1.4 Billion)
T. Boone Pickens (Net Worth $1.4 Billion) -
 “The older I get, the more I see a straight path where I want to go. If
 you’re going to hunt elephants, don’t get off the trail for a rabbit.”
 Charlie Munger (Net Worth $1 Billion)
Charlie Munger (Net Worth $1 Billion)
 – “If you took our top fifteen decisions out, we’d have a pretty 
average record. It wasn’t hyperactivity, but a hell of a lot of 
patience. You stuck to your principles and when opportunities came 
along, you pounced on them with vigor.”
 Jim Cramer (Net Worth $100 Million)
Jim Cramer (Net Worth $100 Million) -
 “As long as you enjoy investing, you’ll be willing to do the homework 
and stay in the game. That’s why I try to make the show so entertaining,
 because if you aren’t interested, you’ll either miss the opportunity to
 make money in the market or not pay enough attention and end up losing 
your shirt.”
 Michael Milken (Net Worth $2.1 Billion)
Michael Milken (Net Worth $2.1 Billion)
 – “My experience indicates that most people who’ve accumulated a great 
deal of wealth haven’t had that as their goal at all. Wealth is only a 
by-product, not the original 
motivation.”
 David Tepper (Net Worth $5 Billion)
David Tepper (Net Worth $5 Billion)
 – “This company looks cheap, that company looks cheap, but the overall 
economy could completely screw it up. The key is to wait. Sometimes the 
hardest thing to do is to do nothing.”
 Benjamin Graham – R.I.P (Net Worth Unknown)
Benjamin Graham – R.I.P (Net Worth Unknown)
 – “The individual investor should act consistently as an investor and 
not as a speculator. This means that he should be able to justify every 
purchase he makes and each price he pays by impersonal, objective 
reasoning that satisfies him that he is getting more than his money’s 
worth for his purchase.”
 Louis Bacon (Net Worth $1.4 Billion)
Louis Bacon (Net Worth $1.4 Billion) – “As a speculator you must embrace disorder and chaos.”
 Paul Tudor Jones (Net Worth $3.2 Billion)
Paul Tudor Jones (Net Worth $3.2 Billion) -
 “Were you want to be is always in control, never wishing, always 
trading, and always, first and foremost protecting your butt. After a 
while size means nothing. It gets back to whether you’re making 100% 
rate of return on $10,000 or $100 million dollars. It doesn’t make any 
difference.”
 Peter Thiel (Net Worth $1.5 Billion)
Peter Thiel (Net Worth $1.5 Billion)
 – “Value investors look at cash flows. If a company can maintain 
present cash flows for 5 or 6 years, it’s a good investment. Investors 
then just hope that those cash flows—and thus the company’s value—don’t 
decrease faster than they anticipate.”
 Bruce Kovner (Net Worth $4.3 Billion)
Bruce Kovner (Net Worth $4.3 Billion) -
 ” My experience with novice traders is that they trade three to five 
times too big. They are taking 5 to 10 percent risks on a trade when 
they should be taking 1 to 2 percent risks. The emotional burden of 
trading is substantial; on any given day, I could lose millions of 
dollars. If you personalize these losses, you can’t trade.”
 Rene Rivkin (Net Worth $346 Million)
Rene Rivkin (Net Worth $346 Million) - “When buying shares, ask yourself, would you buy the whole company?”
 Peter Lynch (Net Worth $352 Million)
Peter Lynch (Net Worth $352 Million)
 – “I think you have to learn that there’s a company behind every stock,
 and that there’s only one real reason why stocks go up. Companies go 
from doing poorly to doing well or small companies grow to large 
companies.”
 John Templeton (Net Worth $20 Billion)
John Templeton (Net Worth $20 Billion)- “The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell.”
 John (Jack) Bogle (Net Worth $4 Billion)
John (Jack) Bogle (Net Worth $4 Billion) - “If you have trouble imagining a 20% loss in the stock market, you shouldn’t be in stocks.”
 
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