621 Quotes About Investing

Speculative stock movements are carried too far in both directions, frequently in the general market and at all times in at least some of the individual issues.

To enjoy a reasonable chance for continued better than average results, the investor must follow policies which are (1) inherently sound and promising, and (2) not popular on Wall Street.

The investor who permits himself to be stampeded or unduly worried by unjustified market declines in his holdings is perversely transforming his basic advantage into a basic disadvantage.

The sillier the market's behavior, the greater the opportunity for the business like investor.

Even defensive portfolios should be changed from time to time, especially if the securities purchased have an apparently excessive advance and can be replaced by issues much more reasonable priced.

No statement is more true and better applicable to Wall Street than the famous warning of Santayana: "Those who do not remember the past are condemned to repeat it".

We have not known a single person who has consistently or lastingly make money by thus "following the market". We do not hesitate to declare this approach is as fallacious as it is popular.

Always remember that market quotations are there for convenience, either to be taken advantage of or to be ignored.

The distinction between investment and speculation in common stocks has always been a useful one and its disappearance is cause for concern.