24 Quotes by Roger Lowenstein

As Fama put it, “Life always has a fat tail.

Buffett’s genius was largely a genius of character – of patience, discipline, and rationality.

The great man is he who in the midst of the crowd keeps with perfect sweetness the independence of solitude.

Buffett does enjoy being a billionaire, but in offbeat ways. As he put it, though money cannot change your health or how many people love you, it lets you be in ’more interesting environments.

Graham’s first goal was never to make money – it was to avoid losing any.

In seventy years, Russia’s Communists had not succeeded in dealing markets such a telling blow as did its deadbeat capitalists.

Merton... humbly warned, however, “It’s a wrong perception to believe that you can eliminate risk just because you can measure it.

When you need money, Wall Street is a heartless place.

Investors long for steady waters, but paradoxically, the opportunities are richest when markets turn turbulent.