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

"10. How good are the company’s cost analysis and accounting methods?
-- Philip A. Fisher - "One of the Fifteen points to look for in a common stock"

What you're looking for is some way to get one good idea a year, and then ride it to its full potential. And that's very hard to do in an environment where people are shouting prices back and forth every five minutes.
-- Warren Buffett

The truly great man is he who would master no one, and who would be mastered by none.
-- Kahlil Gibran



I'll tell you why I like the cigarette business. It costs a penny to make. Sell it for a dollar. It's addictive. And there's fantastic brand loyalty.
-- Warren Buffett

I don't want to buy any stock where if they close the New York Stock Exchange tomorrow for five years I won't be happy owning it. I buy a farm and I don't get a quote on it for five years and I'm happy if the farm does ok. I buy an apartment house, don't get a quote on it for five years - I'm happy if the apartment house produces the returns that I expect. But people buy a stock and they look at the price the next morning and they decide if they're doing well or not doing well. It's crazy because they're buying a piece of a business.
-- Warren Buffett

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

"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

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 never buy something with a price target in mind.
-- Warren Buffett

"It takes character to set there with all that cash and do nothing. I didn’t get to where I am by going after mediocre opportunities."
-- Charlie Munger

"Over the long term it’s hard for a stock to earn a much better return than the business that underlies it earns."
-- Charlie Munger

One of the most common causes of failure is the habit of quitting when one is overtaken by temporary defeat.
-- Napoleon Hill

That's the ultimate test of how you have lived your life. The trouble with love is that you can't buy it. You can buy sex. You can buy testimonial dinners. You can buy pamphlets that say how wonderful you are. But the only way to get love is to be lovable. It's very irritating if you have a lot of money. You'd like to think you could write a check: I'll buy a million dollars' worth of love. But it doesn't work that way. The more you give love away, the more you get.
-- Warren Buffett

You must have the confidence to override people with more credentials than you whose cognition is impaired by incentive-caused bias or some similar psychological force that is obviously present. But there are also cases where you have to recognize that you have no wisdom to add - and that your best course is to trust some expert.
-- Charlie Munger

The value of a business is the cash it's going to produce in the future.
-- Warren Buffett

"The managers at fault periodically report on the lesson they have learned from the latest disappointment. They then usually seek out future lessons."
-- Warren Buffett

"In a bull market, one must avoid the error of the preening duck that quacks boastfully after a torrential rainstorm, thinking that its paddling skills have caused it to rise in the world. A right-thinking duck would instead compare its position after the downpour to that of the other ducks on the pond."
- Letter to Berkshire Hathaway shareholders, 1997
-- Warren Buffett

“By holding expensive securities with low prospective returns, people choose to risk actual loss. We prefer the risk of lost opportunity to that of lost capital, and agree wholeheartedly with the sentiment espoused by respected value investor Jean-Marie Eveillard, when he said, “I would rather lose half our shareholders…than lose half our shareholder’s money…”
-- Seth Klarman