These quotes are the best I have found. They are mainly related
with my passion: investing. By refreshing the page you get new
random quotes from my collection, feel free to contact me.
Cheers! jrv

"One of the ironies of the stock market is the emphasis on activity. Brokers, using terms such as 'marketability' and 'liquidity," sing the praises of companies with high share turnover... but investors should understand that what is good for the croupier is not good for the customer. A hyperactive stock market is the pick pocket of enterprise."
-- Warren Buffett

Whenever I read about some company undertaking a cost-cutting program, I know it's not a company that really knows what costs are all about. Spurts don't work in this area. The really good manager does not wake up in the morning and say, "This is the day I'm going to cut costs," any more than he wakes up and decides to practice breathing.
-- Warren Buffett

Behind every stock is a company. Find out what it's doing.
-- Peter Lynch



"Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac's talents didn't extend to investing: He lost a bundle in the South Sea Bubble, explaining later, 'I can calculate the movement of the stars, but not the madness of men.' If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the Fourth Law of Motion: For investors as a whole, returns decrease as motion increases."
- Berkshire Hathaway 2005 Chairman's Letter
-- Warren Buffett

The ideal business is one that earns very high returns on capital and that keeps using lots of capital at those high returns. That becomes a compounding machine.
-- Warren Buffett

"A public-opinion poll is no substitute for thought."
-- Warren Buffett

I find it quite useful to think of a free-market economy - or partly free market economy - as sort of the equivalent of an ecosystem. Just as animals flourish in niches, people who specialize in some narrow niche can do very well.
-- Charlie Munger

"The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage."
- July 1999 at Herb Allen's Sun Valley, Idaho Retreat
-- Warren Buffett

"With a quizzically raised eyebrow, Mr. Christopher H. Browne described efficient-market theory, which holds that stock prices reflect all available information, as "garbage in, garbage out." When another investment manager claimed to have made 250 company visits in the preceding year, Mr. Browne muttered, "What did you do? Drive by and wave?"
-- Christopher H. Browne

To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What's needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework.
-- Warren Buffett

“In short, we believe market efficiency is a fine academic theory that is unlikely ever to bear meaningful resemblance to the real world of investing.”
-- Seth Klarman

The truly great man is he who would master no one, and who would be mastered by none.
-- Kahlil Gibran

"As a net saver, you should hope for depressed stock prices!"
-- Warren Buffett

"Great stocks are extremely hard to find. If they weren’t, then everyone would own them."
-- Philip A. Fisher

The majority of people permit relatives, friends, and the public at large to so influence them that they cannot live their own lives, because they fear criticism.
-- Napoleon Hill

"I wouldn't mind going to jail if I had three cellmates who played bridge" Buffett on Bridge
-- Warren Buffett

What you're doing when you invest is deferring consumption and laying money out now to get more money back at a later time. And there are really only two questions. One is how much you're going to get back, and the other is when.
-- Warren Buffett

I have an ideal life. I get to do what I want to do everyday. And money can't buy any more than that.
-- Warren Buffett