Quotes

"It takes twenty years to build a reputation and five minutes to ruin it." -Warren Buffett


“Rule #1: Never Lose Money; Rule #2: Never forget Rule #1.” 
-Warren Buffett



"An investment operation is one which, upon thorough analysis, promises safety of principal and a satisfactory return. Operations not meeting these requirements are speculative." -Ben Graham



“Be fearful when others are greedy, and greedy when others are fearful.” -Warren Buffett


“The less prudence with which others conduct their affairs, the greater the prudence with which we should conduct our own affairs.” -Warren Buffett



"It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent." - Charlie Munger



"Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world." - Charlie Munger



"We don't have to be smarter than the rest. We have to be more disciplined than the rest." -Warren Buffett



"We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely." - Warren Buffett



“It was never my thinking that made the big money. It was always my sitting. Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money.” -Jesse Livermore



Either: "In the short run, the market is a voting machine, but in the long run it is a weighing machine." or "the market is not a weighing machine ... Rather should we say that the market is a voting machine ... product partly of reason and partly of emotion." - Ben Graham



“He is a wise man who does not grieve for the things which he has not, but rejoices for those which he has.” -Epictetus