Success in the stock market comes from discipline. It is a field that requires a high intelligence quotient and a high emotional quotient since a considerable part of your success depends on how you react to various events. Since this kind of learning can only happen through mistakes and experience, it is best to learn from the mistakes of the world’s greatest investors and learn from the wisdom they have gained throughout their careers. Financial success will not be difficult if you can understand the basic principles well and build the discipline to follow them religiously.
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Here is a list of 25 investing quotes by some of the greatest investors in the world. They were accurate when they said it, stand true even today, and will probably be relevant for a long, long time to come.
- “Minimizing downside risk while maximizing the upside is a powerful concept.” – Mohnish Pabrai.
- “Spend each day trying to be a little wiser than you were when you woke up.” – Charlie Munger.
- “The desire to perform all the time is usually a barrier to performing over time.” – Robert Olstein.
- “If we buy the business as a business and not as stock speculation, then it becomes personal. I want it to be confidential. – Phil Town
- “We don’t have an analytical advantage; we just look in the right place.” – Seth Klarman.
- “No wise pilot, no matter how great his talent and experience, fails to use his checklist.” – Charlie Munger.
- “I love quotes… but in the end, knowledge has to be converted to action, or it’s worthless.” – Tony Robbins.
- “It is impossible to produce superior performance unless you do something different from the majority.” – John Templeton.
- “The secret to investing is to figure out the value of something – and then pay a lot less.” Joel Greenblatt
- “It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.” – Charlie Munger.
- “Wide diversification is only required when investors do not understand what they are doing.” – Warren Buffett.
- “Based on my own experience – both as an investor in recent years and an expert witness in years past – rarely do more than three or four variables count. Everything else is noise.” – Martin Whitman.
- “Compound interest is the eighth wonder of the world. He who understands it earns it. He who doesn’t pay it.” – Albert Einstein.
- “I will tell you how to become rich. Close the doors, be fearful when others are greedy. Be greedy when others are fearful.” – Warren Buffett.
- “The individual should act consistently as an investor and not as a speculator.” Benjamin Graham
- “The entrance strategy is more important than the exit strategy.” – Edward Lamper.
- “In many ways, the stock market is like the weather in that if you don’t like the current conditions, all you have to do is wait a while.” – Low Simpson.
- “The ability to focus attention on important things is a defining characteristic of intelligence.” – Robert J. Shiller.
- “Rapidly changing industries are the enemy of the investor.” – Mohnish Pabrai.
- “The easiest way to manage your money is to take it one step at a time and not worry about being perfect.” – Ramit Sethi.
- “The stock market is filled with individuals who know the price of everything, but the value of nothing.” – Phillip Fisher.
- “Although it’s easy to forget sometimes, a share is not a lottery ticket… it’s part ownership of a business.” – Peter Lynch
- “All intelligent investing is value investing. You are acquiring more than you are paying for. You must value the business to value the stock.” – Charlie Munger.
- “The stock market is a device for transferring money from the impatient to the patient.” – Warren Buffett.
- “When it comes to investing, we want our money to grow with the highest rates of return and the lowest risk possible. While there are no shortcuts to getting rich, there are smart ways to go about it.” – Phil Town.
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