77 Quotes by Whitney Tilson

I'd say the general outline of a sound investment approach is, first of all, you have to decide are you going to try to be an investor yourself? The answer for most people is probably they shouldn't try. You should put your money in index funds and not try to be a stock picker.

The potential rewards of small-cap investing do not come without risk.

In the game of politics, both parties are sometimes guilty of passing really stupid laws that, in reality, are purely symbolic and have no real impact on anyone.

I have never believed that large-cap stocks are too well followed to be anything but efficiently priced.

I have encountered thousands of value investors over the years and am constantly struck by their differences - and their similarities.

The consequences of overestimating a company and your ability to analyse it are greatly diminished when you're paying a lot less for it than your analysis shows it is worth.

I love and celebrate good teachers, and it's critical that we do more to identify them and keep them happy and motivated.

One of the best places to look for value is what I call 'babies thrown out with the bathwater' - in other words, scour the most out-of-favour sectors for good companies whose stocks have been crushed due to overblown concerns about the industry that do not, in fact, have an impact on the company.

Early in my career, we were just pure bottoms-up stock pickers.