The relative illiquidity of small-company shares - which often contributes to their being undervalued - also increases their volatility. — Whitney Tilson Copy Share Image
If you are able to look beyond near term trouble, you have an advantage over many professional investors — Whitney Tilson Copy Share Image
My experience is that very few people have what it takes to be a successful investor, as I discussed in The Arrogance… — Whitney Tilson Copy Share Image
The potential rewards of small-cap investing do not come without risk. — Whitney Tilson Copy Share Image
I have never believed that large-cap stocks are too well followed to be anything but efficiently priced. — Whitney Tilson Copy Share Image
Independent thinking is not just helpful in becoming a successful investor, it’s required. — Whitney Tilson Copy Share Image
My advice to most people is don't short stocks. It's a very, very difficult business. And you can really get clobbered. — Whitney Tilson Copy Share Image
As in most subjects relating to money management, there's a wide diversity of opinion on portfolio concentration versus diversification. — Whitney Tilson 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
To a large extent, equity investors put their hard-earned capital into the hands of management and count on it being employed skilfully… — Whitney Tilson Copy Share Image
The exact details of how you practice value investing will vary investor to investor, but the fundamental principle of scouring the world,… — Whitney Tilson Copy Share Image
When reviewing one's portfolio, it is important to be aware of common mental mistakes that may lead to bad decisions. The most… — Whitney Tilson Copy Share Image
What's both fascinating and challenging about investing is that the changing nature of business and finance means you can never have it… — Whitney Tilson Copy Share Image
One can't be a successful investor without a healthy dose of confidence. To commit your own and others' hard-earned capital requires conviction,… — Whitney Tilson Copy Share Image
Wall Street, in the main, hates uncertainty, which manifests itself in depressed share prices of companies whose prospects lack 'visibility.' But where… — Whitney Tilson Copy Share Image
Dealing with uncertainty is always a key challenge for investors. But dealing with uncertainty doesn't mean avoiding it - on the contrary,… — Whitney Tilson Copy Share Image
There is a natural tendency for investors to devote a significant majority of their time to finding new ideas. After all, uncovering… — Whitney Tilson Copy Share Image
When it comes to owning stocks of the best-known businesses in the world, value investors usually feel like children looking through the… — Whitney Tilson Copy Share Image
While I take no pleasure in others' misfortunes, we've historically made most of our profits from other investors behaving in a panicked… — Whitney Tilson Copy Share Image
No one would suggest completely ignoring news about your investments. Enron investors, for example, would have been well served to sell once… — Whitney Tilson Copy Share Image
Investing is a probabilistic business. Every once in a while, it's sort of like you're throwing six-sided dice, and anything except a… — Whitney Tilson Copy Share Image
One of the best places to look for value is what I call 'babies thrown out with the bathwater' - in other… — Whitney Tilson Copy Share Image
Many significant stock-price inefficiencies can occur when a company is spun off. — Whitney Tilson Copy Share Image
The key thing when you short is to make sure you're not wrong on the fundamental intrinsic value. — Whitney Tilson Copy Share Image
It's critical to have a disciplined investing approach and stick with it. — Whitney Tilson Copy Share Image
When high-growth companies slow down, growth and momentum junkies often sell indiscriminately, which can create great opportunities for value investors. Just be… — Whitney Tilson Copy Share Image
Shorting saved my butt in 2008... Shorting kept me in the game. It generates cash when the market's crashing. And that's what… — Whitney Tilson Copy Share Image
Small-company stocks, like any asset class, can get picked over from time to time, but there are fundamental reasons why diligently mining… — Whitney Tilson Copy Share Image
It's human nature: for most investors, the pain of stocks going down is more tangible than the joy of when they go… — Whitney Tilson Copy Share Image
My portfolio consists of many companies I find fundamentally undervalued in which I expect activism to play a role in the value… — Whitney Tilson Copy Share Image
I'd say the general outline of a sound investment approach is, first of all, you have to decide are you going to… — Whitney Tilson Copy Share Image
Nirvana, to a value investor, is paying a cheap price for a company that is growing in value every year at a… — Whitney Tilson Copy Share Image
Just because a company's future is highly uncertain doesn't mean an investment in it is risky. In fact, some of the best… — Whitney Tilson Copy Share Image
The deal machinations many companies put themselves through, while certainly a bonanza for investment bankers, can confound the typical investor. — Whitney Tilson Copy Share Image
The exact details of how you practice value investing will vary investor to investor, but the fundamental principle of scouring the world, looking for… — Whitney Tilson Copy Share Image
If you look at the history of technology gadget makers, hardware makers, it's littered with the corpses of Palm and RIM and companies like… — Whitney Tilson Copy Share Image
Mueller is the leading North American provider of water infrastructure and flow control products - things such as fire hydrants, valves, pipes, fittings, and… — Whitney Tilson Copy Share Image
When it comes to owning stocks of the best-known businesses in the world, value investors usually feel like children looking through the window of… — Whitney Tilson Copy Share Image
My experience is that very few people have what it takes to be a successful investor, as I discussed in The Arrogance of Stock… — Whitney Tilson Copy Share Image
The mark of a wise person isn't never making mistakes - everyone makes plenty of them. Rather, it's the ability to quickly admit -… — Whitney Tilson Copy Share Image
There is no sure-fire way to get rich quickly. In fact, the pursuit of that usually leads to ruin. — Whitney Tilson Copy Share Image
When reviewing one's portfolio, it is important to be aware of common mental mistakes that may lead to bad decisions. The most powerful is… — Whitney Tilson Copy Share Image
While I take no pleasure in others' misfortunes, we've historically made most of our profits from other investors behaving in a panicked and irrational… — Whitney Tilson Copy Share Image
I'd say the general outline of a sound investment approach is, first of all, you have to decide are you going to try to… — Whitney Tilson Copy Share Image
I have encountered thousands of value investors over the years and am constantly struck by their differences - and their similarities. — Whitney Tilson Copy Share Image
In life, an abundance of confidence gives us higher motivation, persistence, and optimism and can allow us to accomplish things we otherwise might not… — Whitney Tilson Copy Share Image
