---
title: "1 Study Past Quotes By Daniel Pecaut"
description: "1 Study Past quotes by Daniel Pecaut. Plus more from Daniel Pecaut and more Study Past sayings from other authors."
image: "https://sms4smile.com/quotes/i/881/daniel-pecaut-18840_investing_if-investors-only-had-to-study-the-past_16239.jpg"
---

> [“If investors only had to study the past, the richest people would be librarians.”](https://sms4smile.com/quotes/daniel-pecaut/if-investors-only-had-to-study-the-past-the-richest-people-would-be/)

[Daniel Pecaut](https://sms4smile.com/quotes/author/daniel-pecaut/)

[Image](https://sms4smile.com/quotes/i/881/daniel-pecaut-18840_investing_if-investors-only-had-to-study-the-past_16239.jpg)

## Other authors on Study Past

## More by Daniel Pecaut

> [“Buffett pointed out that when the investment tide goes out, you will see who has been swimming naked.”](https://sms4smile.com/quotes/daniel-pecaut/buffett-pointed-out-that-when-the-investment-tide-goes-out-you-will/)

[Daniel Pecaut](https://sms4smile.com/quotes/author/daniel-pecaut/)

> [“If investors only had to study the past, the richest people would be librarians.”](https://sms4smile.com/quotes/daniel-pecaut/if-investors-only-had-to-study-the-past-the-richest-people-would-be/)

[Daniel Pecaut](https://sms4smile.com/quotes/author/daniel-pecaut/)

> [“the single biggest outcome of the Internet has been little understood: buyers are the winners.”](https://sms4smile.com/quotes/daniel-pecaut/the-single-biggest-outcome-of-the-internet-has-been-little-understood/)

[Daniel Pecaut](https://sms4smile.com/quotes/author/daniel-pecaut/)

> [“average college student has the same standard of living as he does. Same food. No important difference in clothes, cars, TVs.”](https://sms4smile.com/quotes/daniel-pecaut/average-college-student-has-the-same-standard-of-living-as-he-does/)

[Daniel Pecaut](https://sms4smile.com/quotes/author/daniel-pecaut/)

> [“Buffett added that there is a big difference between identifying a growth industry and minting money. He noted that AT&T’s return on equity over…](https://sms4smile.com/quotes/daniel-pecaut/buffett-added-that-there-is-a-big-difference-between-identifying-a/)

[Daniel Pecaut](https://sms4smile.com/quotes/author/daniel-pecaut/)

> [“After you have enough for daily life, all that matters is your health and those you love.”](https://sms4smile.com/quotes/daniel-pecaut/after-you-have-enough-for-daily-life-all-that-matters-is-your-health/)

[Daniel Pecaut](https://sms4smile.com/quotes/author/daniel-pecaut/)

> [“To a question about what books to read, Munger replied that he is a biography nut and heartily recommended biographies as a way to…](https://sms4smile.com/quotes/daniel-pecaut/to-a-question-about-what-books-to-read-munger-replied-that-he-is-a/)

[Daniel Pecaut](https://sms4smile.com/quotes/author/daniel-pecaut/)

> [“the real key is to be able to figure out what the average profitability of the business will be over the long term and…](https://sms4smile.com/quotes/daniel-pecaut/the-real-key-is-to-be-able-to-figure-out-what-the-average/)

[Daniel Pecaut](https://sms4smile.com/quotes/author/daniel-pecaut/)

> [“The right manager can have an absolutely huge impact. Find people with brains, energy and integrity,”](https://sms4smile.com/quotes/daniel-pecaut/the-right-manager-can-have-an-absolutely-huge-impact-find-people-with/)

[Daniel Pecaut](https://sms4smile.com/quotes/author/daniel-pecaut/)

> [“Tom Murphy, CEO of Capital Cities/ABC and considered by Buffett to be the best business manager in the country, prays every day to be…](https://sms4smile.com/quotes/daniel-pecaut/tom-murphy-ceo-of-capital-cities-abc-and-considered-by-buffett-to-be/)

[Daniel Pecaut](https://sms4smile.com/quotes/author/daniel-pecaut/)

> [“There are essentially five things public corporations can do with a dollar earned: reinvest in the business, acquire other businesses or assets, pay down…](https://sms4smile.com/quotes/daniel-pecaut/there-are-essentially-five-things-public-corporations-can-do-with-a/)

[Daniel Pecaut](https://sms4smile.com/quotes/author/daniel-pecaut/)

> [“rather than worry about economic projections, these brilliant investors focus on finding good businesses at bargain prices within our resilient economy. On”](https://sms4smile.com/quotes/daniel-pecaut/rather-than-worry-about-economic-projections-these-brilliant/)

[Daniel Pecaut](https://sms4smile.com/quotes/author/daniel-pecaut/)

> [“Being able to think and invest very long term and not worry about current earnings or Wall Street analysts can be a major competitive…](https://sms4smile.com/quotes/daniel-pecaut/being-able-to-think-and-invest-very-long-term-and-not-worry-about/)

[Daniel Pecaut](https://sms4smile.com/quotes/author/daniel-pecaut/)

> [“One ratio that Buffett is known to track is the total market cap to GDP. Recently, it was at 125%, which is a level…](https://sms4smile.com/quotes/daniel-pecaut/one-ratio-that-buffett-is-known-to-track-is-the-total-market-cap-to/)

[Daniel Pecaut](https://sms4smile.com/quotes/author/daniel-pecaut/)

> [“occasional outbreaks of those two super-contagious diseases, fear and greed, will forever occur in the investment community. The timing of these epidemics will be…](https://sms4smile.com/quotes/daniel-pecaut/occasional-outbreaks-of-those-two-super-contagious-diseases-fear-and/)

[Daniel Pecaut](https://sms4smile.com/quotes/author/daniel-pecaut/)

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