Favourite Quotes

Warren Buffet
“You only have to do a very few things right in your life so long as you don't do too many things wrong.”

Self
It's not about the amount, its about %age

Self
There is always 50% chance of winning…!

Warren Buffet
“Two rules:
1. Preserve the principal
2. When in doubt see Rule #1”

Warren Buffet
“I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.”

Warren Buffet
“You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing.”

Benjamin Graham
Individuals who cannot master their emotions are ill-suited to profit from the investment process

Benjamin Graham
Many sceptics, it is true, are inclined to dismiss the whole procedure [chart reading] as akin to astrology or necromancy; but the sheer weight of its importance in Wall Street requires that its pretensions be examined with some degree of care.

Peter Lynch
Just because the price goes up doesn't mean you're right. Just because it goes down doesn't mean you're wrong. Stock prices often move in opposite directions from the fundamentals but long term the direction and sustainability of profits will prevail.

Marc Faber
A bear market is a financial cancer that spreads. Intermediate rallies (occasionally very strong ones) keep the hopes of investors alive. Furthermore, by continuously publishing bullish reports, brokers and economists, like good nurses, keep the flame of hope from burning out. But after 18 to 36 months of continued losses, total capitulation usually sets in and a major low occurs.

Marc Faber
A mania is a mania, and the experts are caught in it just as the public is.

Peter Lynch
The person that turns over the most rocks wins the game. And that's always been my philosophy

Peter Lynch
When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom.”

Warren Buffet
Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.

Warren Buffet
Diversification may preserve wealth, but concentration builds wealth.

Warren Buffet
As far as I am concerned, the stock market doesn't exist. It is only there as a reference to see if anybody is offering to do anything foolish.

Warren Buffet
John Maynard Keynes essentially said, don't try and figure out what the market is doing. Figure out a business you understand, and concentrate.

Warren Buffet
All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.

Warren Buffet
When management with a reputation for brilliance tackles a business with a reputation for poor fundamentals, it is the reputation of the business that remains intact.

Warren Buffet
Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing.

Warren Buffet
If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes.

Warren Buffet
A pin lies in wait for every bubble and when the two eventually meet, a new wave of investors learns some very old lessons.

Ralph Wanger
Small is good, micro is not. For the littlest companies, it's like auditioning for the chorus line: one misstep and you're out.

John Maynard
To carry one's eggs in a great number of baskets without having the time or opportunity to discover how many have holes in the bottom, is the surest way of increasing risk and loss.

David Dreman
Psychology is probably the most important factor in the market – and one that is least understood.

John Templeton
Invest at the point of maximum pessimism

Thomas Rowe
It is better to be early than too late in recognizing the passing of one era, the waning of old investment favorites and the advent of a new era affording new opportunities for the investor

Thomas Rowe
No one can see ahead three years, let alone five or ten. Competition, new inventions - all kinds of things - can change the situation in twelve months

John Neff
I've never bought a stock unless, in my view, it was on sale

Bill Miller
100% of the information you have about a company represents the past, and 100% of a stock's valuation depends on the future

Bill Miller
Usually the markets are too pessimistic when it's bad, and too optimistic when it's good.

Bill Miller
What we try to do is take advantage of errors others make, usually because they are too short-term oriented, or they react to dramatic events, or they overestimate the impact of events, and so on

Rakesh Jhunjhunwala
Traders should go against human nature.

Rakesh Jhunjhunwala
Greedy investors will never make money in stock markets. Book profits after reaching your target price.

Annonymous
Trend is your friend.

Self
You not only make money when u r in the market but also when u r out!

Bernard Baruch
Even being right three or four times out of 10 should yield a person a fortune if they have the sense to cut losses quickly.

Jesse Livermore
Throughout all my years of investing I've found that the big money was never made in the buying or the selling. The big money was made in the waiting.

Self
Gradual Climbs and Shifts are sustainable. Spikes aren't and will be reversed.

Menschel
The more certain the crowd is, the surer it is to be wrong.

Warren Buffet
Occasionally, successful investing requires inactivity.

Warren Buffet
In this game, the market has to keep pitching, but you don't have to swing. You can stand there with the bat on your shoulder until you get a fat pitch.

Warren Buffet
I will tell you the secret of getting rich on Wall Street. You try to be greedy when others are fearful, and you try to be very fearful when others are greedy.

Don Warden
Price is king, but volume is the power behind the price.

Peter Lynch
Just because the price goes up doesn't mean you're right; just because the price goes down doesn't mean you're wrong.

Warren Buffet
Only buy something that you'd be perfectly happy to hold if the market shut down for ten years.

Donald Trump
Experience taught me a few things. One is to listen to your gut, no matter how good something sounds on paper.

Donald Trump
The second is that you're generally better off sticking with what you know.

Donald Trump
And the third is that sometimes your best investments are the ones you don't make.

Annonymous
A bull market is one that can shake off bad news.

Annonymous
A bear market is one that cannot rise even on good news.

Annonymous
Buy to the sleeping point. [If you are troubled about making an investment but still feel the need to make it, make the smallest possible investment that leaves you feeling like you've 'dealt' with the need and can calmly sleep at night.

Annonymous
Catch a falling knife -- something you don't want to do. The idea is that if something is falling you could get hurt trying to catch it in mid-flight. Better to let it stop falling and pick it up safely.

Annonymous
Cash is king -- implies that the downside risk with bonds or stocks or commodities is excessive.

Paul Sameulson
Economists are good at predicting recessions. They've predicted eight of the last three.

Self
If the stock can double in 3 months, you still have got 25% pm!!!

Ned Davis
Sell in May and buy them back in November

Self
When even a good stock dips unexpectedly, 'convert' it into an FD / ELSS / SIP

Warren Buffet
I never try to predict the market.

Peter Lynch
I deal in facts, not forecasting the future. That's crystal ball stuff. That doesn't work.

Peter Lynch
The person that turns over the most rocks wins the game.

Peter Lynch
People spend an unbelievable amount of mental energy trying to pick what the market's going to do, what time of the year to buy it. It's just not worth it.

Self
Can you imagine India without Mobile phones? 3G hasn't come here as yet neither has convergence! And these will open the Pandora's box!!

Self
Share prices depend on Fundamentals, Sentiments and Demand & Supply. Have faith in fundamentals and exploit the sentiments, demand & Supply!!!

Self
Wu-Wei; Don't fight, don't crib; Take advantage

Rene Rivkin
When buying shares, ask yourself, would you buy the whole company?

Self
Safety is more important than Multiplication. You may not figure in the top 100 earners but you won't figure in the negative list ever as well! You'll have the

Self
last laugh. Slow and steady will win the race in leaps in bounds!! Rags to Riches to Rags to Pauper is a horrible strategy! The growth has to be impressive but

Self
with total absolute safety. The power of compounding will make even small gains of a safe and steady player big! Stunts without safety is stupidity. Longetivity is the key!

Warren Buffet
Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.

Peter Lynch
I spend about 15 minutes a year on economic analysis... I also spend 15 minutes a year on where the stock market is going.

John Bogle
We investors as a group get precisely what we don’t pay for. So if we pay nothing, we get everything (on the advantages of minimizing expenses).

Self
Enjoy the game. Play with a straight bat. Have good running between the wickets. Punish the bad ball….Forget about the profits. They will come automatically and in abundance.

Self
Pick any stock. And you can make money if you just buy on dips and sell on tops. Provided you have the skill to spot them. Keep that stock milking. Don't panic. Don't book loss. Have patience & play out the complete cycle.

Self
The indomitable rush to get rich super fast leads to the madness like Day Trading and excessive trading. It's like the mongoose-snake fight or like trying to catch a hen! It is counter productive. It raises a lot of dust but the end result is not worth it!

Warren Buffet
There seems to be some perverse human characteristic that likes to make easy things difficult. It is not necessary to do extraordinary things to get extraordinary results!

Warren Buffet
The business schools reward difficult complex behaviour more than simple behaviour, but simple behaviour is more effective.

Warren Buffet
Never invest in a business you cannot understand.

Warren Buffet
Remember that the stock market is manic depressive.

Self
In stock market, less action and good timing are decisive qualities!

Warren Buffet
Buy a business, don't rent stocks!

Warren Buffet
Stop trying to predict the direction of the stock market, the economy, interest rates, or elections.

Warren Buffet
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.

Warren Buffet
As far as you are concerned, the stock market does not exist. Ignore it.

Warren Buffet
The ability to say 'no' is a tremendous advantage for an investor.

Warren Buffet
Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.

Annonymous
A little progress everyday, adds upto big results!

Self
Always remember the compunding effect!!!

Warren Buffet
Our favourite holding period is forever.

Warren Buffet
Your premium brand had better be delivering something special, or it's not going to get the business.

Warren Buffet
Unless you can watch your stock holding decline by 50% without becoming panic-stricken, you should not be in the stock market.

Warren Buffet
The critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price.

Warren Buffet
Risk can be greatly reduced by concentrating on only a few holdings.

Warren Buffet
Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.

Warren Buffet
Lethargy, bordering on sloth should remain the cornerstone of an investment style.

Warren Buffet
An investor should act as though he had a lifetime decision card with just twenty punches on it.

Warren Buffet
It is more important to say 'no' to an opportunity, than to say 'yes'.

Warren Buffet
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

Warren Buffet
Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.

Warren Buffet
Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.

Warren Buffet
When the stock is going down it is the best time to buy it; and when the stock is moving up, that's what you wanted!

Peter Lynch
The investor’s chief problem-and even his woarst enemy is likely to be himself.

Charles D Ellis
Market Timing is a wicked idea. Don’t try it ever.

John Maynard
Markets can remain irrational longer than you can remain solvent

French Proverb
Buy on the cannons, sell on the trumpets.

Robert D. Arnott
Design a portfolio you are not likely to trade… akin to premarital counseling advice; try to build a portfolio that you can live with for a long, long time.

Don Hays
Emotions are your worst enemy in the stock market.

Self
Today the company is in problem. So it's fundamentals are strained, stock demand is far less than supply and the sentiment is down. Since the management is competitive it will fix the problem in due course and then fundamentals, demand as well as sentiment all will be up and so will be the stock price. In first situation, the stock is available at discount while in the second case, the stock is available at premium. The best time to buy a stock is in the first situation.

Robert Wibbelsmen
The problem with the person who thinks he’s a long-term investor and imperivous to short-term gyrations is that the emotion of fear and pain will eventually make him sell badly.

Mark J.Perry
You pay a very high price in the stock market for a cheery consensus. Uncertainty is the friend of the buyer of long-term values.

Mark J.Perry
The most common cause of low prices is pessimism. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces.

Mark J.Perry
It's optimism that is the enemy of the rational buyer.

Mark J.Perry
Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.

Mark J.Perry
Investors should remember that excitement and expenses are their enemies.

Mark J.Perry
The stock market is designed to transfer money from the active to the patient.

Mark J.Perry
If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.

Granville
The obvious is obviously wrong.

Annonymous
Market has the uncanny ability of doing the exact opposite of what the majority of investors expect of it.

Self
If a good company in bad times can bounce back, no investment like it!!!

George Soros
Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.

George Soros
Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.

John Templeton
The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell.

Self
I am surprised people are happily willing to wait for 1 year in FD, 3 year in ELSS etc. but not in equity!

Warren Buffet
Newton's Fourth Law of Motion: For investors as a whole, returns decrease as motion increases.”

Annonymous
Bulls and bears may make money, but hogs just get slaughtered!

Annonymous
Don't marry your stocks

Warren Buffet
It's only when the tide goes out that you learn who's been swimming naked.

Ralph Seger
One way to end up with $1 million is to start with $2 million and use technical analysis.

Annonymous
Sell in May and buy back in November.

Annonymous
The stock market will always do whatever makes the greatest number of people look foolish.

Warren Buffet
Wall Street makes its money on activity. You make your money on inactivity.

Peter Lynch
Thousands of experts study overbought indicators, oversold indicators, head-and-shoulder patterns, put-call ratios, the Fed's policy on money supply, foreign investment, the movement of the constellations through the heavens, and the moss on oak trees, and they can't predict markets with any useful consistency.

Philip Fisher
I have owned one stock since 1969, two since 1988 and one I started buying in 1986 or so. That's my portfolio. Six stocks. I once owned 17, but that was way too much.

Christopher Browne
Value stocks are about as exciting as watching grass grow. But have you ever noticed just how much your grass grows in a week?

David Dreman
Investors repeatedly jump ship on a good strategy just because it hasn't worked so well lately, and, almost invariably, abandon it at precisely the wrong time.

Philip Fisher
If the job has been correctly done when a common stock is purchased, the time to sell it is almost never.

Warren Buffet
Investing is simple, but not easy.

Warren Buffet
Price is what you pay, and value is what you get.

Warren Buffet
Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of even an outstanding company to catch up with the price they paid.

Warren Buffet
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.

Warren Buffet
If you're an investor, you're looking on what the asset is going to do, if you're a speculator, you're commonly focusing on what the price of the object is going to do, and that's not our game.

Warren Buffet
We will reject interesting opportunities rather than over-leverage our balance sheet.

Warren Buffet
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.

Warren Buffet
I call investing the greatest business in the world because you never have to swing. You stand at the plate, the pitcher throws you General Motors at 47! U.S. Steel at 39! and nobody calls a strike on you. There's no penalty except opportunity lost. All day you wait for the pitch you like; then when the fielders are asleep, you step up and hit it."

Warren Buffet
Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing.

Warren Buffet
When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is usually the reputation of the business that remains intact.

Warren Buffet
Risk comes from not knowing what you're doing.

Warren Buffet
If a business does well, the stock eventually follows.

Warren Buffet
The most important quality for an investor is temperament, not intellect... You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.

Warren Buffet
I never buy anything unless I can fill out on a piece of paper my reasons. I may be wrong, but I would know the answer to that. “I’m paying $32 billion today for the Coca Cola Company because...” If you can’t answer that question, you shouldn’t buy it. If you can answer that question, and you do it a few times, you’ll make a lot of money.

Warren Buffet
Someone's sitting in the shade today because someone planted a tree a long time ago.

Warren Buffet
Successful investors will never follow herds and go against tide