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

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

"It's crazy to take little in between jobs just because they look good on your resume. That's like saving sex for your old age. Do what you love and work for whom you admire the most, and you've given yourself the best chance in life you can."
2001?
- speech at Terry College of Business at the University of Georgia
-- Warren Buffett

One of the main weaknesses of mankind is the average man's familiarity with the word "impossible."
-- Napoleon Hill



"9. Does the company have depth to its management?"
-- Philip A. Fisher - "One of the Fifteen points to look for in a common stock"

Generosity is giving more than you can, and pride is taking less than you need.
-- Kahlil Gibran

"Given the recent terror and talk of war, we will focus on point two in this chapter.
2. Don’t be afraid of buying on a war scare.
At the conclusion of all actual fighting—regardless of whether it was World War I, World War II, or Korea—most stocks were selling at levels vastly higher than prevailed before there was any thought of war at all. Furthermore, at least ten times in the last twenty-two years, news has come of other international crises which gave threat of major war. In every instance, stocks dipped sharply on the fear of war and rebounded sharply as the war scare subsided.
War is always bearish on money. To sell a stock at the threatened or actual outbreak of hostilities so as to get into cash is extreme financial lunacy. Actually just the opposite should be done. If an investor has about decided to buy a particular common stock and the arrival of a full-blown war scare starts knocking down the price, he should ignore the scare psychology of the moment and definitely begin buying."
-- Philip A. Fisher - "One of the don'ts for investors"

"The stock market is filled with individuals who know the price of everything, but the value of nothing"
-- Philip Fisher

"If a business does well, the stock eventually follows."
-- Warren Buffett

"The fact that people will be full of greed, fear or folly is predictable. The sequence is not predictable."
- Financial Review, 1985
-- Warren Buffett

"Price is what you pay. Value is what you get."
-- Warren Buffett

The strategy we've adopted precludes our following standard diversification dogma. Many pundits would therefore say the strategy must be riskier than that employed by more conventional investors. We disagree. We believe that a policy of portfolio concentration may well decrease risk if it raises, as it should, both the intensity with which an investor thinks about a business and the comfort-level he must feel with its economic characteristics before buying into it.
- 1993 Chairman's Letter to Shareholders
-- Warren Buffett

Owning stocks is like having children - don't get involved with more than you can handle.
-- Peter Lynch

"Ben's Mr. Market allegory may seem out-of-date in today's investment world, in which most professionals and academicians talk of efficient markets, dynamic hedging and betas. Their interest in such matters is understandable, since techniques shrouded in mystery clearly have value to the purveyor of investment advice. After all, what witch doctor has ever achieved fame and fortune by simply advising 'Take two aspirins'?"
- 1987 Chairman's Letter to Shareholders
-- Warren Buffett

"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

"Judging how well things are doing by how the stock price is doing is the wrong way to do it. That’s the fool’s way."
-- Charlie Munger

"You only find out who is swimming naked when the tide goes out."
Berkshire Hathaway 2001 Chairman's Letter
-- Warren Buffett

“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

"Being short and seeing a promoter take a stock up is very irritating. It’s not worth it to have so much irritation in your life."
-- Charlie Munger