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

Over the years, a number of very smart people have learned the hard way that a long string of impressive numbers multiplied by a single zero always equals zero.
-- Warren Buffett

"I like buying companies that can be run by monkeys - because one day they will be."
-- Peter Lynch

In my whole life, I have known no wise people (over a broad subject matter area) who didn't read all the time - none, zero.
-- Charlie Munger



If you understand the business, you don't need to own very many of them. If you have a harem of 40 women, you never get to know any of them very well.
-- Warren Buffett

Book value is an accounting concept, recording the accumulated financial input from both contributed capital and retained earnings. Intrinsic business value is an economic concept, estimating future cash output discounted to present value. Book value tells you what has been put in; intrinsic business value estimates what can be taken out.
-- Warren Buffett

Someone will always be getting richer faster than you. This is not a tragedy.
-- Charlie Munger

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

The market, like the Lord, helps those who help themselves. But unlike the Lord, the market does not forgive those who know not what they do.
-- Warren Buffett

I have no complex about wealth. I have worked hard for my money, producing things people need. I believe that the able industrial leader who creates wealth and employment is more worthy of historical notice than politicians or soldiers.
-- J. Paul Getty

"If you understood a business perfectly and the future of the business, you would need very little in the way of a margin of safety. So, the more vulnerable the business is, assuming you still want to invest in it, the larger margin of safety you'd need. If you're driving a truck across a bridge that says it holds 10,000 pounds and you've got a 9,800 pound vehicle, if the bridge is 6 inches above the crevice it covers, you may feel okay, but if it's over the Grand Canyon, you may feel you want a little larger margin of safety..."
"If you understood a business perfectly and the future of the business, you would need very little in the way of a margin of safety. So, the more vulnerable the business is, assuming you still want to invest in it, the larger margin of safety you'd need. If you're driving a truck across a bridge that says it holds 10,000 pounds and you've got a 9,800 pound vehicle, if the bridge is 6 inches above the crevice it covers, you may feel okay, but if it's over the Grand Canyon, you may feel you want a little larger margin of safety..."
- 1997 Berkshire Hathaway Annual Meeting

"We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely."
- 1998 Berkshire Hathaway Annual Meeting
-- Warren Buffett

"Someone's sitting in the shade today because someone planted a tree a long time ago."
-- Warren Buffett

"Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing."
-- 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

"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

"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

“You do things when the opportunities come along. I’ve had periods in my life when I’ve had a bundle of ideas come along, and I’ve had long dry spells. If I get an idea next week, I’ll do something. If not, I won’t do a damn thing.”
-- Warren Buffett

“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