Quotes of All Topics . Occasions . Authors
... a bad attitude, that the love of money is the root of all evil and the rich are evil and greedy and all that stuff. It’s basically socialism and communism.
Working hard to earn more money and then giving it away in higher taxes isn't financially intelligent, even if you do put some of it into a retirement account.
I don't know that I could draw one that's perfect. But I'd rather by approximately right than precisely wrong, and it would be precisely wrong to turn it down.
Speculative stock movements are carried too far in both directions, frequently in the general market and at all times in at least some of the individual issues.
The Internet will help achieve "friction free capitalism" by putting buyer and seller in direct contact and providing more information to both about each other.
I don't think you're as capable of handling lack of sleep or whatever challenges you throw at your body as you get older. However, I never missed a day of work.
Most people try to get rich by being cheap and the price for that is that you live cheap and there is so much money out there; why would you want to live cheap?
Over the years, a number of very smart people have learned the hard way that a long string of impressive numbers multiplied by a single zero always equals zero.
An investor should ordinarily hold a small piece of an outstanding business with the same tenacity that an owner would exhibit if he owned all of that business.
Both a priori reasoning and experience teach us that as as these funds grow larger the geometrical rate of growth by compound interest ultimately defeats itself.
I would counsel people to go to college, because it's one of the best times in your life in terms of who you meet and develop a broad set of intellectual skills.
U.K. companies are in very international and very competitive markets. If you look at PC penetration in the U.K., it is very similar to the United States market.
50 years from now we won't need as much human labour to do what manual workers do, so we should be able to take that extra productivity and put it to better use.
If you want to retire young and retire rich, it is very important that your money be like a bird dog, going out every day and bringing home more and more assets.
It's not being homeless that matters. It's about who you are. Keep striving and you become somebody. Quit and you also become somebody.. but not the same person.
The biggest challenge you have is to challenge your own self doubt and your laziness. It is your self doubt and your laziness that defines and limit who you are.
Remember that all financial markets are filled with good but not necessarily innocent people looking after their own self-interests before they look after yours.
When it comes to investing, my suggestion is to first understand your strengths and weaknesses, and then devise a simple strategy so that you can sleep at night!
The ideal business is one that earns very high returns on capital and that keeps using lots of capital at those high returns. That becomes a compounding machine.
Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.
It's not debt per say that overwhelms an individual corporation or country. Rather it is a continuous increase in debt in relation to income that causes trouble.
If we start deciding, based on guesses or emotions, whether we will or won't participate in a business where we should have some long run edge, we're in trouble.
I see myself as a private-equity investor that helps rebuild companies. Restructuring is a cottage industry in that there aren't that many serious practitioners.
Before you invest, you must ensure that you have realistically assessed your probability of being right and how you will react to the consequences of being wrong.
The true investor... will do better if he forgets about the stock market and pays attention to his dividend returns and to the operation results of his companies.
The main thing that's missing in energy is an incentive to create things that are zero-CO2-emitting and that have the right scale and reliability characteristics.
Microsoft is involved in setting some fairly key standards and people are afraid of it because they think, Geez, they are quite capable. It's daunting, I suppose.
Some people, through luck and skill, end up with a lot of assets. If you're good at kicking a ball, writing software, investing in stocks, it pays extremely well.
Never make a decision. Let someone else make it and then if it turns out to be the wrong one, you can disclaim it, and if it is the right one you can abide by it.
The pure administration of Graham-and-Doddery really needs a long-term lock-up like Warren Buffett has, or it will have occasional quite dreadful client problems.
The Vanguard Experiment was designed to prove that mutual funds could operate independently, and do so in a manner that would directly benefit their shareholders.
Basic reality seems to be that the more you try to be like God by radiating unlimited love, the more you become flooded by waves of love from others and from God.
As long as you blame someone or something else - something outside you that's bigger than you are - as the source of your problems, the problems won't get solved.
If you are moving, even fire will not hurt you. If you are standing still near the fire, even though you are not in the fire, the heat will eventually get to you.
This 90/10 rule holds true in almost anything financial. Take the game of golf, for example. Ten percent of the professional golfers make 90 percent of the money.
A home is one of the most important assets that most people will ever buy. Homes are also where memories are made and you want to work with someone you can trust.
When you build a bridge, you insist that it can carry 30,000 pounds, but you only drive 10,000-pound trucks across it. And that same principle works in investing.
You have hedge funds and people like that buying these assets to yield 15 or 20 percent, I mean, that's the buyer for these people that are trying to unload them.
Wild swings in share prices have more to do with the "lemming- like" behaviour of institutional investors than with the aggregate returns of the company they own.
Traditionally the investor has been the man with patience and the courage of his convictions who would buy when the harried or disheartened speculator was selling.
Nearly everyone interested in common stocks wants to be told by someone else what he thinks the market is going to do. The demand being there, it must be supplied.
Bringing together the right information with the right people will dramatically improve a company's ability to develop and act on strategic business opportunities.
If you think you're a really good programmer... read Knuth's Art of Computer Programming... You should definitely send me a resume if you can read the whole thing.
It is the power of words and books - explaining and dramatizing great ideas and articulating high ideals - that is the greatest weapon in the missionary's arsenal.
To the extent societal rules or the wiring of your brains make it easy to acquire a lot of assets, then to the extent you can, you should try to improve the world.
What makes the world such a wonderful place is the diversity. I have always strived to fill my home, my office and my hotels with the most diverse crowds possible.
If you want a solid future, you need to create it. You can take charge of your future only when you take control of your income source. You need your own business.
A lot of great fortunes in the world have been made by owning a single wonderful business. If you understand the business, you don't need to own very many of them.
We do not view the company itself as the ultimate owner of our business assets but instead view the company as a conduit through which our shareholders own assets.
We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'