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

Determine value apart from price; progress apart from activity; wealth apart from size.
-- Charlie Munger

"You ought to be able to explain why you're taking the job you're taking, why you're making the investment you're making, or whatever it may be. And if it can't stand applying pencil to paper, you'd better think it through some more. And if you can't write an intelligent answer to those questions, don't do it."
-- Warren Buffett

"There are all kinds of businesses that I don't understand, but that doesn't cause me to stay up at night. It just means I go on to the next one, and that's what the individual investor should do."
-- Warren Buffett



Everybody's got a different circle of competence. The important thing is not how big the circle is. The important thing is staying inside the circle.
-- Warren Buffett

"It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently."
-- Warren Buffett

Intelligent people make decisions based on opportunity costs.
-- Charlie Munger

Most of us go through life as failures, because we are waiting for the "time to be right" to start doing something worthwhile. Do not wait. The time will never be "just right." Start where you stand, and work with whatever tools you may have at your command, and better tools will be found as you go along.
-- Napoleon Hill

The whole problem with the world is that fools and fanatics are always so certain of themselves, but wiser people so full of doubts.
-- Bertrand Russel

"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

"The stock market it there to serve you, not to command you"
-- Benjamin Graham

"10. How good are the company’s cost analysis and accounting methods?
-- Philip A. Fisher - "One of the Fifteen points to look for in a common stock"

"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

"Don’t overstress diversification."
-- Philip A. Fisher - "One of the don'ts for investors"

"Investing is the one sphere of life and activity where victory, security and success is always to the minority and never to the majority."
-- John Maynard Keynes

"Don’t forget your Gilbert and Sullivan."
-- Philip A. Fisher - "One of the don'ts for investors"

"Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful."
- Berkshire Hathaway 2004 Chairman's Letter
-- Warren Buffett

"The most important quality for an investor is temperament, not intellect... You need a temperament that neither derives great pleasure from being with the crowd or against the crowd."
-- Warren Buffett

It's not impossible to write [an accounting] footnote explaining deferred acquisition costs in life insurance or whatever you want to do. You can write it so you can understand it. If it's written so you can't understand it, I'm very suspicious. I won't invest in a company if I can't understand the footnote because I know they don't want me to understand it.
-- Warren Buffett