Quote Discovery

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

"An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return."

"Unconventional success requires the adoption of uncomfortably idiosyncratic portfolios."

"Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves."

"Pain + Reflection = Progress."

"You can't predict. You can prepare."

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

"The miracle of compounding returns is overwhelmed by the tyranny of compounding costs."

"Heads I win, tails I don't lose much."

"Time is your friend; impulse is your enemy."

"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong."

"There is nothing new in Wall Street. There can't be because speculation is as old as the hills."