The secret to investing is to figure out the value of something - and then pay a lot less.
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.
Managed funds are astonishingly tax-inefficient.
Timing the market is a fools game, whereas time in the market is your greatest natural advantage.
If you owe your banker a thousand pounds, you are at his mercy. If you owe your banker a million pounds, he is at your mercy.
An important key to investing is to remember that stocks are not lottery tickets.
Why do you have to be a nonconformist like everybody else?
All jobs are created in direct proportion to the amount of capital employed.
Basically, we try to buy value expressed in the differential between its price and what we think its worth.
I'm always fully invested. It's a great feeling to be caught with your pants up.
Investing is most intelligent when it is most businesslike.
If fees consume more than 1% of your assets annually, you should probably shop for another adviser.
The best values today are often found in the stocks that were once hot and have since gone cold.
The grim irony of investing, then, is that we investors as a group not only don't get what we pay for, we get precisely what we don't pay for. So if we pay for nothing, we get everything.
All the publicity about value investing - it's become a very popular thing.
On the issue of inflation, I think I could solve it no matter how much money it took.
There is empirical evidence that leading brands that keep investing during recessions gain share.
Why aren't we investing more in alternate tech? The Saudi Arabians are, Scottish Power is. I was just there. Could it be that we're counting on the oil going on forever and ever and ever and us having all of it and getting very rich?
Mankind invented a system to cope with the fact that we are so intrinsically lousy at manipulating numbers. It's called the graph.
The Russian economy is about the size of the Italian economy; it's very small, and Russia's military force is larger than it was, because Putin's been investing in it, but it still doesn't compare to that of the United States, and his reach and aim still don't compare.