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 only function of economic forecasting is to make astrology look respectable."
-- 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

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



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

"This time Congress should listen to the slim accountants. The logic behind their thinking is simple:
If options aren't a form of compensation, what are they?
If compensation isn't an expense, what is it?
And if expenses shouldn't go into the calculation of earnings, where in the world should they go?"
-- Warren Buffet

Develop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day.
-- Charlie Munger

"If you're an investor, you're looking on what the asset is going to do, if you're a speculator, you're commonly focusing on what the price of the object is going to do, and that's not our game."
- 1997 Berkshire Hathaway Annual Meeting
-- Warren Buffett

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

"14. Does the management talk freely to investors about its affairs when things are going well but "clam up" when troubles and disappointments occur?"
-- Philip A. Fisher - "One of the Fifteen points to look for in a common stock"

"Chains of habit are too light to be felt until they are too heavy to be broken."
-- Warren Buffett

"If you expect to be a net saver during the next 5 years, should you hope for a higher or lower stock market during that period?"Many investors get this one wrong. Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise and depressed when they fall."This reaction makes no sense. Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices."
- 1997 Chairman's Letter to Shareholders
-- Warren Buffett

Comfort, that stealthy thing that enters the house a guest, and then becomes a host, then a master. And then it becomes a tamer, and with a hook and whip it makes puppets of your larger desires.
-- Kahlil Gibran

"We're more comfortable in that kind of business. It means we miss a lot of very big winners. But we wouldn't know how to pick them out anyway. It also means we have very few big losers - and that's quite helpful over time. We're perfectly willing to trade away a big payoff for a certain payoff."
- 1999 Berkshire Hathaway Annual Meeting
-- Warren Buffett

And the wise ones bet heavily when the world offers them that opportunity. They bet big when they have the odds. And the rest of the time they don't. It's just that simple.
-- Charlie Munger

"I've never bought a stock unless, in my view, it was on sale."
-- John Neff

“If you are a value investor, you have to be a long-term investor. And if you accept that, then you understand that you will lag your peers or the benchmark at times,” Mr. Eveillard said. “The truth is, it's warmer inside the herd. It's moving outside the herd that is hard to do.”
-- Jean-Marie Eveillard

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

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