The strategy of buying what's in favor is a fool's errand, ensuring long-term underperformance. Only by standing against the prevailing winds -… — Seth Klarman Copy Share Image
“Security analysis cannot presume to lay down general rules as to the "proper value" of any given common stock... The prices of… — Benjamin Graham Copy Share Image
When I took the entrepreneurship class at Stanford, the first lecture was about an entrepreneur and his personality. They described it as… — Phil Knight Copy Share Image
Speculation is an effort, probably unsuccessful, to turn a little money into a lot. Investment is an effort, which should be successful,… — Fred Schwed Jr Copy Share Image
Doing a me-too business, because it's you - the only person who cares about that is you. The market doesn't care if… — Stephen A. Schwarzman Copy Share Image
While everyone would love to have that perfect portfolio of stocks that can be bought and held forever, it usually does not… — Whitney Tilson Copy Share Image
The simplest way to assure sales is to keep changing the product the market for new things is indefinitely elastic. One of… — Charles Kettering Copy Share Image
When you are making a decision about how best to serve your customers, your own experience is often a better guide than… — Richard Branson Copy Share Image
“10. Stores have massively excessive verbal communication. Products and packaging are a significant part of the clutter. Using iconic images, colors, shapes,… — Herb Sorensen Copy Share Image
A mutual fund can do for you what you would do for yourself if you had sufficient time, training, and money to… — Venita VanCaspel Copy Share Image
First, you must have entrepreneurs who fully grasp their customers. They understand their product so well because they themselves are customers. The… — Craig Sherman Copy Share Image
The grim irony of investing, then, is that we investors as a group not only don't get what we pay for, we… — John C. Bogle Copy Share Image
Monetary policy is like juggling six balls... it is not 'interest rate up, interest rate down.' There is the exchange rate, there… — Raghuram Rajan Copy Share Image
The nation's largest savings and loan, Washington Mutual, has become the biggest bank failure in history. See, the problem with the savings… — Jay Leno Copy Share Image
The real challenge was to model all the interest rates simultaneously, so you could value something that depended not only on the… — John Hull Copy Share Image
Venture-capital firms invest in trends by projecting returns. But most projections are pretty much bogus, and research shows that experts are no… — Vinod Khosla Copy Share Image
“Bubbles form when too many people expect values to go up forever. Bubbles burst when there are no longer enough excessively optimistic… — Glenn Harlan Reynolds Copy Share Image
What caused 2008, in my opinion, is that people just didn't see the risk. These people that took on all this risk… — John Manley Copy Share Image
I really don't want the highlight of my life to be my success as an investor. Genuinely. My idea of death would… — Tom Steyer Copy Share Image
THE CORRECTION, when it finally came, was not an overnight bursting of a bubble but a much more gentle letdown, a year-long… — Jonathan Franzen Copy Share Image
“Stocks, like individuals, have character and personality. Some are high- strung, nervous, and jumpy: others are forthright, direct, logical. One comes to… — Anonymous Copy Share Image
Major brands don't know what to do with happy customers. They make it hard for customers to say thanks and way too… — Paul Walker Copy Share Image
It turns out that value investing is something that is in your blood. There are people who just don't have the patience… — Seth Klarman Copy Share Image
The billionaire founder of investment firm Elliott Management was one of several investors who warned financial ministers in 2007 that a crack… — Kelly Evans Copy Share Image
The main reason why it is profitable to establish a firm would seem to be that there is a cost of using… — Ronald Coase Copy Share Image
I think it's smart to always keep an eye on the companies that sit within incubator communities, which bring together the skills… — Whitney Wolfe Herd Copy Share Image
Of course we have to make a profit, but we have to make a profit over the long haul, not just the… — Akio Morita Copy Share Image
Speculative markets have always been vulnerable to illusion. But seeing the folly in markets provides no clear advantage in forecasting outcomes, because… — Robert J. Shiller Copy Share Image
Use Time. Make it easy. Get your money to work for you. The key is to get in the market, as it… — Ann Wilson Copy Share Image
Market timing, by the way, is a tag some buy-and-hold investors use to put down anything that involves using your brain. These… — Jeremy Grantham Copy Share Image
“3. Display the “vital few” (or the “big head”) along the dominant path your shoppers take, rather than expecting them to find… — Herb Sorensen Copy Share Image
The stupid and dishonest accountants allowed the genie of totally inappropriate accounting to descend on derivatives books. And once this has happened… — Charlie Munger Copy Share Image
Aspiring entrepreneurs are often advised to work at a startup for a couple of years first, to understand what's involved. But often,… — David Cohen Copy Share Image
The big issue is how much money can the government infuse for the capitalisation of the banks when we have quite a… — Anurag Thakur Copy Share Image
One of the smartest things a person can do is dampen investment expectations, especially with Berkshire. That would be mature and responsible.… — Charlie Munger Copy Share Image
Starting a company, your success is going to be very dependent on how you adapt. You're going to make decisions, you're going… — Jeremy Stoppelman Copy Share Image
You, your employer and your plan's investment managers fail to follow even the most basic rules of investing. You overtrade, chase performance,… — Barry Ritholtz Copy Share Image
I know of no long-time practitioner who regrets adhering to a value philosophy; few investors who embrace the fundamental principles ever abandon… — Seth Klarman Copy Share Image
You can't look back at the worst financial crisis of our lifetimes that started in 2008 and not have some important lessons… — Austan Goolsbee Copy Share Image
The only sure way to stop excessive risk taking on Wall Street so you don't risk losing your job, or your savings… — Robert Reich Copy Share Image
