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

Knowledge of the self is the mother of all knowledge. So it is incumbent on me to know my self, to know it completely, to know its minutiae, its characteristics, its subtleties, and its very atoms.
-- Kahlil Gibran

Find out what you really love to do, and then find a way to make a good living doing it.
-- Napoleon Hill

"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."
-- Warren Buffett



“I would rather lose half our shareholders…than lose half our shareholder’s money.”
-- Jean-Marie Eveillard

"If a business earns 6% on capital over forty years, you’re not going to make much different than 6% return, even if you buy it at a huge discount. Conversely, if a business earns 18% on capital, you’ll end up with one hell of a return long term, even if you pay an expensive looking price."
-- Charlie Munger

We select our marketable equity securities in much the way we would evaluate a business for acquisition in its entirety. We want businesses to be one (a) that we can understand; (b) with favorable long-term prospects; (c) operated by honest and competent people; and (d) available at a very attractive price.
-- Warren Buffett

"Over the long term it’s hard for a stock to earn a much better return than the business that underlies it earns."
-- Charlie Munger

“So if the entire country became securities analysts, memorized Benjamin Graham’s Intelligent Investor and regularly attended Warren Buffett’s shareholder meetings, most people would, nevertheless, find themselves irresistibly drawn to hot initial public offerings, momentum strategies and investment fads… People would, in short, still be attracted to short-term, get rich quick schemes.
-- Seth Klarman

The primary test of managerial economic performance is the achievement of a high earnings rate on equity capital employed (without undue leverage, accounting gimmickry, etc.) and not the achievement of consistent gains in earnings per share.
-- Warren Buffett

No man can succeed in a line of endeavor which he does not like. The most essential step in the marketing of personal services is that of selecting an occupation into which you can throw yourself wholeheartedly.
-- Napoleon Hill

"The conventional view serves to protect us from the painful job of thinking."
-- John Kenneth Galbraith

“I don’t have a problem with guilt about money. The way I see it is that my money represents an enormous number of claim checks on society. It’s like I have these little pieces of paper that I can turn into consumption. If I wanted to, I could hire 10,000 people to do nothing but paint my picture every day for the rest of my life. And the GNP would go up. But the utility of the product would be zilch, and I would be keeping those 10,000 people from doing AIDS research, or teaching, or nursing. I don’t do that though. I don’t use very many of those claim checks. There’s nothing material I want very much. And I’m going to give virtually all of those claim checks to charity when my wife and I die.”
-- Warren Buffett

"8. Does the company have outstanding executive relations?"
-- Philip A. Fisher - "One of the Fifteen points to look for in a common stock"

"When they open that envelope, the first instruction is to take my pulse again."
- 2001 Annual Meeting after mentioning that the instructions of his succession are sealed in an envelope at headquarters.
-- Warren Buffett

Above all, never fool yourself, and remember that you are the easiest person to fool.
-- Charlie Munger

Spend each day trying to be a little wiser than you were when you woke up. Discharge your duties faithfully and well. Step by step you get ahead, but not necessarily in fast spurts. But you build discipline by preparing for fast spurts. Slug it out one inch at a time, day by day. At the end of the day - if you live long enough - most people get what they deserve.
-- Charlie Munger

"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 fail to consider time as well as price in buying a true growth stock."
-- Philip A. Fisher - "One of the don'ts for investors"