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 arithmetic makes it plain that inflation is a far more devastating tax than anything that has been enacted by our legislature. The inflation tax has a fantastic ability to simply consume capital. It makes no difference to a widow with her savings in a 5 percent passbook account whether she pays 100 percent income tax on her interest income during a period of zero inflation or pays no income taxes during years of 5 percent inflation. Either way, she is 'taxed' in a manner that leaves her no real income whatsoever. Any money she spends comes right out of capital. She would find outrageous a 120 percent income tax but doesn't seem to notice that 5 percent inflation is the economic equivalent.
-- Warren Buffett

“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

"The future is never clear, and you pay a very high price in the stock market for a cheery consensus. Uncertainty is the friend of the buyer of long-term values."
-- Warren Buffett



“So the question is not, Are people smart, are people sophisticated, do they have clever ways of looking at things, are they looking in the right areas? The question is, Are there periods when none of that matters because their human natures get the best of them ? “
-- Seth Klarman

"The approach and strategies are very similar in that you gather all the information you can and then keep adding to that base of information as things develop. You do whatever the probabilities indicated based on the knowledge that you have at that time, but you are always willing to modify your behaviour or your approach as you get new information. In bridge, you behave in a way that gets the best from your partner. And in business, you behave in the way that gets the best from your managers and your employees."
-- Warren Buffett

No one ever is defeated until defeat has been accepted as a reality.
-- Napoleon Hill

Acknowledging what you don't know is the dawning of wisdom.
-- Charlie Munger

"Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria"
-- John Templeton

"13. In the foreseeable future will the growth of the company require sufficient equity financing so that the large number of shares then outstanding will largely cancel the existing benefit from this anticipated growth?"
-- Philip A. Fisher - "One of the Fifteen points to look for in a common stock"

"I wouldn't mind going to jail if I had three cellmates who played bridge" Buffett on Bridge
-- Warren Buffett

"Look at market fluctuations as your friend rather than your enemy. Profit from folly rather than participate in it."
-- Warren Buffett

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

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

"I sought out Phil Fisher after reading his "Common Stocks and Uncommon Profits". When I met him, I was impressed by the man and his ideas. A thorough understanding of a business, by using Phil's techniques … enables one to make intelligent investment commitments."
--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

"If you gave me the choice of being CEO of General Electric or IBM or General Motors, you name it, or delivering papers, I would deliver papers. I would. I enjoyed doing that. I can think about what I want to think. I don't have to do anything I don't want to do."
-- Warren Buffett

“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

"Of one thing be certain: if a CEO is enthused about a particularly foolish acquisition, both his internal staff and his outside advisors will come up with whatever projections are needed to justify his stance. Only in fairy tales are emperors told that they are naked."
-- Warren Buffett