Friday, December 6, 2013

Forbes - ways to get rich

The latest issue of Forbes provides a number of good quotes on investment advice. Here are some of the best.

The four most dangerous words in investing are "this time is different."

Invest at the point of maximum pessimism.
-Sir John Templeton


Speculation is neither illegal, immoral nor (for most people) fattening to the pocketbook.

Patience is the fund investor's single most powerful ally
-Benjamin Graham

Never invest in any idea you can't illustrate with a crayon.

Know what you own and know why you own it.

Go for a business that any idiot can run - because sooner or later, an idiot is probably going to run it.
-Peter Lynch

Time is your friend. Impulse is your enemy.
-John Bogle

Diversification is protection against ignorance.

Risk comes from not knowing what you are doing.

Returns decrease as motion increases.

What is smart at one price is dumb at another.

Time is the friend of the wonderful business, the enemy of the mediocre.

No matter how serene today may be, tomorrow is always uncertain.

The risks of being out of the game are huge compared with to the risk of being in it.

Big opportunities come infrequently. When it's raining gold, reach for a bucket, not a thimble.
-Warren Buffet

Buy into forgotten markets.
-Julian Robertson

As a speculator you must embrace disorder and chaos
-Louis Bacon

The market can remain irrational longer than you can remain solvent.
-Gary Shilling


Rule number one: Most things will prove to be cyclical. Rule number two: some of the greatest opportunities for gain or loss come when other people forget rule number one.
- Howard Marks

When you feel like bragging, it's probably time to sell.

Buy on the canons and sell on the trumpets.
-John Neff

Never confuse investing with trading.
-Barry Ritholtz

Never buy anything form someone who is out of breath.
- Burton Malkiel

The time to buy is when there's blood on the streets.
-David Dreman







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