If you don't know where you're going any road will do
One of the big problems with growth investing is that we can't estimate earnings very well. I really want to buy growth at value prices. I always look at trailing earnings when I judge stocks.
Patience is a crucial but rare investment commodity.
Psychology is probably the most important factor in the market - and one that is least understood.
Experience teaches us that when "everyone" comes to the same conclusion, that conclusion is just about always wrong.
Investors repeatedly jump ship on a good strategy just because it hasn't worked so well lately, and, almost invariably, abandon it at precisely the wrong time.
I buy stocks when they are battered. I am strict with my discipline. I always buy stocks with low price-earnings ratios, low price-to-book value ratios and higher-than-average yield. Academic studies have shown that a strategy of buying out-of-favor stocks with low PE, price-to-book and price-to-cash flow ratios outperforms the market pretty consistently over long periods of time.
I guess I'm afraid to retire because I don't know what I would do. I don't know what my talent is. So I don't know. So maybe I'm afraid to stop, but I've got to stop.
I do not wish to be either governor nor governed!
Do you know this Sanskrit Shloka: "Let those who are versed in the ethical codes praise or blame, let Lakshmi, the goddess of Fortune, come or go wherever she wisheth, let death overtake him today or after a century, the wise man never swerves from the path of rectitude. " Let people praise you or blame you, let fortune smile or frown upon you, let your body fall today or after a Yuga, see that you do not deviate from the path of Truth.
Oh, yeah, I see the world differently now. Actually, when I first had the baby, I was breast-feeding him for two years straight. So we were together for two years of his life, every single day, all hours of the day. So I was two people, and I eventually morphed back into one