Favorite investment quote

sabhen · Post by **sabhen** » Sat Mar 16, 2019 11:17 pm

My favorite quote is by Sir John Templeton:

“Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria".

Do you have a favorite quote?

JoMoney · Post by **JoMoney** » Sat Mar 16, 2019 11:44 pm

Mark Twain wrote:“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.”

slippingsloth · Post by **slippingsloth** » Sat Mar 16, 2019 11:47 pm

Markets can stay irrational longer than you can stay solvent.

heyyou · Post by **heyyou** » Sun Mar 17, 2019 12:41 am

"It will fluctuate" was the reply given J.P. Morgan when asked what the stock market would do next.

youngpleb · Post by **youngpleb** » Sun Mar 17, 2019 6:58 am

“The first $100,000 is a b!tch but you’ve got to do it.” —Charlie Munger

snowox · Post by **snowox** » Sun Mar 17, 2019 7:01 am

sabhen wrote: ↑Sat Mar 16, 2019 11:17 pm My favorite quote is by Sir John Templeton:

“Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria".

Do you have a favorite quote?

Love it!

columbia · Post by **columbia** » Sun Mar 17, 2019 7:08 am

youngpleb wrote: ↑Sun Mar 17, 2019 6:58 am “The first $100,000 is a b!tch but you’ve got to do it.” —Charlie Munger

The thing is: there is a LOT of truth to this.

indexlover · Post by **indexlover** » Sun Mar 17, 2019 7:31 am

WOW. This is interesting. 7 posts in the thread and nothing from our mentor Jack Bogle quoted ?

"Don't look for the needle in the haystack, just own the haystack." - John C. Bogle

The Woodbutcher · Post by **The Woodbutcher** » Sun Mar 17, 2019 7:48 am

A view of the bay is worth half the pay

Spacoli · Post by **Spacoli** » Sun Mar 17, 2019 9:31 am

Nobody knows nothing

Taylor Larimore · Post by **Taylor Larimore** » Sun Mar 17, 2019 11:42 am

Bogleheads:

My favorite is this Jack Bogle quote:

Don't look for the needle. Buy the haystack.

Best wishes.
Taylor

averagedude · Post by **averagedude** » Sun Mar 17, 2019 12:26 pm

This is my favorite investment quote and one that i answered when i was 20 years old. I don't know who said it, but i contribute it to my success today.
"Do you want to be an owner or a loaner".

miamivice · Post by **miamivice** » Sun Mar 17, 2019 12:27 pm

Here is my most hated:

"You can borrow for college but not for retirement."

It is overused and is also not correct.

MotoTrojan · Post by **MotoTrojan** » Sun Mar 17, 2019 12:46 pm

youngpleb wrote: ↑Sun Mar 17, 2019 6:58 am “The first $100,000 is a b!tch but you’ve got to do it.” —Charlie Munger

Just did last week!

drawpoker · Post by **drawpoker** » Sun Mar 17, 2019 1:46 pm

"Bulls make money, Bears make money, Pigs get slaughtered"

travelspot · Post by **travelspot** » Sun Mar 17, 2019 2:15 pm

“Don’t do something, just stand there.”

Jack Bogle said this rule is “good only about 99% of the time.”

wwhan · Post by **wwhan** » Sun Mar 17, 2019 4:58 pm

“The enemy of a good plan is the dream of a perfect plan.”

― Prussian General Karl von Clausewitz, Vom Kriege, 1832

https://www.goodreads.com/quotes/433005 ... e-dream-of

Also mentioned by John Bogel: http://johncbogle.com/speeches/JCB_AZ_ ... c_3-00.pdf

Trader Joe · Post by **Trader Joe** » Sun Mar 17, 2019 5:01 pm

sabhen wrote: ↑Sat Mar 16, 2019 11:17 pm My favorite quote is by Sir John Templeton:

“Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria".

Do you have a favorite quote?

"Stay the course and tune out the noise"

tennisplyr · Post by **tennisplyr** » Sun Mar 17, 2019 5:58 pm

"This too shall pass"

bhsince87 · Post by **bhsince87** » Sun Mar 17, 2019 6:03 pm

"My favorite holding period is forever". W Buffett.

Sconie · Post by **Sconie** » Sun Mar 17, 2019 6:10 pm

Two of my favorites from Jason Zweig of the WSJ:

-“Approximately 99% of the time, the single most important thing investors should do is absolutely nothing.”

-"Finance and investment experts were put on earth to make Gypsies and fortune-tellers look good.”

CyberBob · Post by **CyberBob** » Sun Mar 17, 2019 6:46 pm

Don’t confuse strategy and outcome.
— Larry Swedroe

50/50 · Post by **50/50** » Sun Mar 17, 2019 6:56 pm

It is virtually impossible to make worthwhile predictions about the price movements of stocks, it is completely impossible to do so for bonds. -Benjamin Graham

3funder · Post by **3funder** » Sun Mar 17, 2019 7:31 pm

slippingsloth wrote: ↑Sat Mar 16, 2019 11:47 pm Markets can stay irrational longer than you can stay solvent.

+1

fwellimort · Post by **fwellimort** » Sun Mar 17, 2019 7:37 pm

“Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.” – Peter Lynch

Daryl · Post by **Daryl** » Sun Mar 17, 2019 7:37 pm

“Like all of life’s rich emotional experiences, the full flavor of losing important money cannot be conveyed by literature. You cannot convey to an inexperienced girl what it is truly like to be a wife and mother. There are certain things that cannot be adequately explained to a virgin by words or pictures.” - ‘Where Are the Customers’ Yachts?’ by Fred Schwed

"Only when the tide goes out do you discover who's been swimming naked." - Warren Buffett

Nicolas · Post by **Nicolas** » Sun Mar 17, 2019 7:43 pm

As long as the roots are not severed, all is well. And all will be well in the garden.
In the garden, growth has its seasons. First comes spring and summer, but then we have fall and winter. And then we get spring and summer again.
— Chauncey Gardiner

Ferdinand2014 · Post by **Ferdinand2014** » Sun Mar 17, 2019 8:31 pm

bhsince87 wrote: ↑Sun Mar 17, 2019 6:03 pm "My favorite holding period is forever". W Buffett.

+1

Ferdinand2014 · Post by **Ferdinand2014** » Sun Mar 17, 2019 8:34 pm

"Lethargy bordering on sloth remains the cornerstone of our investment style"

-WB

"Inactivity strikes us as intelligent behavior"

-WB

bayview · Post by **bayview** » Sun Mar 17, 2019 9:13 pm

Why passive investing makes so much sense:

”To make money, buy some good stock, hold it until it goes up, and then sell it. If it don’t go up, don’t buy it.”
—Will Rogers

And from my signature line:

”The continuous execution of a sound strategy gives you the benefit of the strategy. That’s what it’s all about.”
—Rick Ferri

latak215 · Post by **latak215** » Sun Mar 17, 2019 10:07 pm

john kenneth galbraith there are those who don't know future market moves and those who don't know that they don't know

baconavocado · Post by **baconavocado** » Sun Mar 17, 2019 10:18 pm

I can't find the source of this one:

Make your money in stocks, save your money in bonds.

scrabbler1 · Post by **scrabbler1** » Sun Mar 17, 2019 10:59 pm

"Buy low, sell high."

I first heard that line in a Flintstone's episode nearly 50 years ago, when I was around 7 or 8 years old.

gwrvmd · Post by **gwrvmd** » Sun Mar 17, 2019 11:14 pm

Bonds: What is safe in the short run may be risky in the long run..............Gordon

Jim180 · Post by **Jim180** » Sun Mar 17, 2019 11:16 pm

"The only value of stock forecasters is to make fortune-tellers look good." - Warren Buffett

MikeG62 · Post by **MikeG62** » Mon Mar 18, 2019 8:10 am

fwellimort wrote: ↑Sun Mar 17, 2019 7:37 pm “Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.” – Peter Lynch

This is a great one.

I'll post one I have posted here before from Buffett's 2017 annual shareholder's letter:

“Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold. When downpours of that sort occur, it's imperative that we rush outdoors carrying washtubs, not teaspoons. And that we will do."

midareff · Post by **midareff** » Mon Mar 18, 2019 8:52 am

drawpoker wrote: ↑Sun Mar 17, 2019 1:46 pm "Bulls make money, Bears make money, Pigs get slaughtered"

+1

creekstone · Post by **creekstone** » Mon Mar 18, 2019 11:18 am

"Buy when there's blood in the streets... even if the blood is your own." Baron Rothschild

"Be fearful when others are greedy and greedy when others are fearful." Warren Buffett

cinghiale · Post by **cinghiale** » Mon Mar 18, 2019 12:28 pm

My most oft-quoted line in this forum remains a favorite:

“It is difficult to get a man to understand something when his salary depends upon his not understanding it.”

—Upton Sinclair

Ken. · Post by **Ken.** » Mon Mar 18, 2019 3:58 pm

"In the short run, the market is a voting machine but in the long run it is a weighing machine" - Benjamin Graham

MOBY DICK · Post by **MOBY DICK** » Mon Mar 18, 2019 4:04 pm

" The enemy of a good plan is the pursuit of the perfect plan."

DanMahowny · Post by **DanMahowny** » Mon Mar 18, 2019 4:19 pm

youngpleb wrote: ↑Sun Mar 17, 2019 6:58 am “The first $100,000 is a b!tch but you’ve got to do it.” —Charlie Munger

Love this one. Thanks for posting.

Spirit Rider · Post by **Spirit Rider** » Mon Mar 18, 2019 4:27 pm

From Charles Dicken's David Copperfield via @nisiprius' signature, i.e. LBYM.

"Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness; Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."

Fallible · Post by **Fallible** » Mon Mar 18, 2019 6:02 pm

A favorite is from Warren Buffett and referred to prominently in Jack Bogle's classic book, The Little Book of Common Sense Investing: "Investing is simple, but it's not easy."

Another is from Jack: “The two greatest enemies of the equity fund investor are expenses and emotions.”

Almost there · Post by **Almost there** » Mon Mar 18, 2019 8:18 pm

When I started investing in 1985, the man who got me going told me the following:
Pay yourself first

Have never forgotten it and have always followed it.

Post by **oldcomputerguy** » Mon Mar 18, 2019 8:26 pm

My former supervisor gave me this nugget of investing wisdom:

“Save as much as you possibly can.”

272 Sheep · Post by **272 Sheep** » Mon Mar 18, 2019 8:46 pm

Here are a couple:
The stock market is a device which transfers money from the impatient to the patient.
Warren Buffet

Compound interest is the eighth wonder of the world.
He who understand it, earns it.
He who doesn't, pays it.
Albert Einstein

scrabbler1 · Post by **scrabbler1** » Tue Mar 19, 2019 8:54 am

In a "Seinfeld" episode, there was this quick exchange between Jerry and George about compound interest after George is notified about some money in his name in an abandoned bank account. George's first line is one of my favorites when it comes to investing.

George: "Interest" - it's an amazing thing, you make money by doing nothing.
Jerry: I have some friends who base their lives on that very principal.
George: Really? Who?
Jerry: No one you know.

BlackStrat · Post by **BlackStrat** » Tue Mar 19, 2019 9:25 am

"A bull market is like sex - it feels best right before it ends"

-unknown

Stinky · Post by **Stinky** » Tue Mar 19, 2019 10:07 am

MOBY DICK wrote: ↑Mon Mar 18, 2019 4:04 pm " The enemy of a good plan is the pursuit of the perfect plan."

Great quote. In my mind -

“Good” plan - but and hold, stay the course, minimize costs (that is, BH philosophy)

“Perfect” plan - everything else