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Showing posts from June, 2013

Peter Lynch

If you're prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so the fifth grader won't get bored. ~ Peter Lynch
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results. ~ Warren Buffett
The ladder of success is best climbed by stepping on the rungs of opportunity. ~ Anonymous

Mind Tools Newsletter 291

You are the creator of your success- accept yourself, believe in yourself, always keep your head high, be a person with class- that is who you are!
It just seems logical that sticking to investing in only a small number of companies that you understand well, rather than moving down the list to your thirtieth or fiftieth favorite pick, would create a much greater potential to earn above-average investment returns. ~ Joel Greenblatt
We don't have to be smarter than the rest. We have to be more disciplined than the rest. ~ Warren Buffett
It takes character to sit there with all that cash and do nothing. I didn't get to where I am by going after mediocre opportunities.~ Charlie Munger
Good intentions are not enough. They've never put an onion in the soup yet.~ Sonya Levien
I have pledged - to you, the rating agencies and myself - to always run Berkshire with more than ample cash. We never want to count on the kindness of strangers in order to meet tomorrow's obligations. When forced to choose, I will not trade even a night's sleep for the chance of extra profits. ~ Warren Buffett
The true sign of intelligence is not knowledge but imagination. ~ Albert Einstein
Some people are more teachable than others. This is also true of dogs, however, so take it as you wish. The executive level should be a tough meritocracy. It shouldn't be easy. I look for people I can trust. Hiring people you can't trust is like starting off by dropping a spider in your bosom. ~ Charlie Munger
Stupid is as stupid does. ~ Forrest Gump
Value investing is the discipline of buying securities at a significant discount from their current underlying values and holding them until more of their value is realized. The element of a bargain is the key to the process. ~ Seth Klarman
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. ~ Peter Lynch