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

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

"If you took out our top fifteen decisions, we would have a pretty average record. It wasn’t hyperactivity, but a hell of a lot of patience. You stuck to your principles and when opportunities came along, you pounced on them with vigor."
-- Charlie Munger

Before you can control conditions, you must first control yourself.
-- Napoleon Hill



"Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised."
— Warren Buffett

"Our future rates of gain will fall far short of those achieved in the past. Berkshire's capital base is now simply too large to allow us to earn truly outsized returns. If you believe otherwise, you should consider a career in sales but avoid one in mathematics (bearing in mind that there are really only three kinds of people in the world: those who can count and those who can't). "
- 1998 Chairman's Letter to Shareholders
-- Warren Buffett

"Never invest in any idea you can’t illustrate with a crayon."
-- Peter Lynch

"Despite three years of falling prices, which have significantly improved the attractiveness of common stocks, we still find very few that even mildly interest us. That dismal fact is testimony to the insanity of valuations reached during The Great Bubble. Unfortunately, the hangover may prove to be proportional to the binge."
March 2003
-- Warren Buffett

"Berkshire's arbitrage activities differ from those of many arbitrageurs. First, we participate in only a few, and usually very large, transactions each year. Most practitioners buy into a great many deals perhaps 50 or more per year. With that many irons in the fire, they must spend most of their time monitoring both the progress of deals and the market movements of the related stocks. This is not how Charlie nor I wish to spend our lives. (What's the sense in getting rich just to stare at a ticker tape all day?)"
-- Warren Buffett

"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

History does not tell you the probability of future financial things happening.
-- Warren Buffett

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

“It turns out that value investing is something that is in your blood. There are people who just don’t have the patience and discipline to do it, and there are people who do. So it leads me to think it’s genetic.”
-- Seth Klarman

"5. Don’t quibble over eights and quarters."
"If the stock seems the right one and the price seems reasonably attractive at current levels, buy ‘at the market.’"
-- Philip A. Fisher - "One of the don'ts for investors"

"2. Does the management have a determination to continue to develop products or processes that will still further increase total sales potentials when the growth potentials of currently attractive product lines have largely been exploited?"
-- Philip A. Fisher - "One of the Fifteen points to look for in a common stock"

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

When you get to my age, you'll really measure your success in life by how many of the people you want to have love you actually do love you.
-- 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