"Market efficiency sacrifices the facts in defense of a theory."
Charles Kindleberger
"The intelligent investor is a realist who sells to optimists and buys from pessimists."
Benjamin Graham
"October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February."
Mark Twain
"Be fearful when others are greedy. Be greedy when others are fearful."
Warren Buffett
"Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally."
John Maynard Keynes
"Look for 3 things in a person. Intelligence, Energy & Integrity. If they don’t have the last one, don’t even bother with the first two."
Warren Buffett
"The essence of investment management is the management of risk, not the management of returns."
Benjamin Graham
"Bull markets are born on pessimism, grow on scepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy, and time of maximum optimism is the best time to sell."
Sir John Templeton
"Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it."
Warren Buffett
"The four most expensive words in the English language are ‘this time it’s different’."
Sir John Templeton
"The boom and the bust were normal, just two more swings in stock returns over the past century. Reversion to the mean is the iron rule of the financial markets."
John Bogle
"Value investing is at its core the marriage of a contrarian streak and a calculator."
Seth Klarman
"Diligence is the mother of good luck."
Benjamin Franklin
"Our favorite holding period is forever"
Warren Buffett
"Learn every day, but especially from the experiences of others. It’s cheaper!"
John Bogle
"Look for 3 things in a person. Intelligence, Energy & Integrity. If they don’t have the last one, don’t even bother with the first two."
Warren Buffett
