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

"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

"Don't try to buy at the bottom and sell at the top. This can't be done, except by liars."
-- Bernard Baruch

"4. Does the company have an above average sales organization?"
-- Philip A. Fisher - "One of the Fifteen points to look for in a common stock"



"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

The chains of habit are too light to be felt until they are too hard to be broken.
- Talk to Columbia Business School
-- Warren Buffett

The very term "value investing" is redundant. What is investing if it is not the act of seeking value at least sufficient to justify the amount paid? Consciously paying more for a stock than its calculated value - in the hope that it can soon be sold for a still-higher price - should be labeled speculation (which is neither illegal, immoral nor -- in our view -- financially fattening).
-- Warren Buffett

"We will only do with your money what we would do with our own."
-- Warren Buffett

"I always knew I was going to be rich. I don't think I ever doubted it for a minute."
-- Warren Buffett

"Investing is the one sphere of life and activity where victory, security and success is always to the minority and never to the majority."
-- John Maynard Keynes

"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

"The speed at which a business success is recognized, furthermore, is not that important as long as the company's intrinsic value is increasing at a satisfactory rate. In fact, delayed recognition can be an advantage: It may give us the chance to buy more of a good thing at a bargain 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

"The Stock Market is designed to transfer money from the active to the patient"
-- Warren Buffett

What we really want to do is buy businesses that we would be happy to own forever.
-- Warren Buffett

"We have tried occasionally to buy toads at bargain prices with results that have been chronicled in past reports. Clearly our kisses fell flat. We have done well with a couple of princes - but they were princes when purchased. At least our kisses didn't turn them into toads. And, finally, we have occasionally been quite successful in purchasing fractional interests in easily-identifiable princes at toad-like prices."
1981 Chairman's Letters to Shareholders
-- Warren Buffett

"I am out of step with present conditions. When the game is no longer played your way, it is only human to say the new approach is all wrong, bound to lead to trouble, and so on. On one point, however, I am clear. I will not abandon a previous approach whose logic I understand ( although I find it difficult to apply ) even though it may mean foregoing large, and apparently easy, profits to embrace an approach which I don't fully understand, have not practiced successfully, and which possibly could lead to substantial permanent loss of capital."
- in a letter to his partners in the stock market frenzy of 1969.
-- Warren Buffett

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

"We've long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children."
- At the bottom of the bear market in October 1974 a Forbes article interviewed Buffett. Buffett, for the first time in his life, made public prediction about the stock market.
-- Warren Buffett