Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.
At Microsoft, we're investing heavily in security because we want customers to be able to trust their computing experiences, so they can realize the full benefits of the interconnected world we live in.
Always buy your straw hats in the Winter
Mutual funds were created to make investing easy, so consumers wouldn't have to be burdened with picking individual stocks.
Index funds eliminate the risks of individual stocks, market sectors, and manager selection. Only stock market risk remains.
You know. . . you keep doing the same things and you keep getting the same result over and over again.
I don't know whether I make myself plain, but I never lose my temper over the stock market. I never argue with the tape. Getting sore at the market doesn't get you anywhere.
Value investing is at its core the marriage of a contrarian streak and a calculator.
But whatever the consensus on the EMH, I know of no serious academic, professional money manager, trained security analyst, or intelligent individual investor who would disagree with the thrust of EMH: The stock market itself is a demanding taskmaster. It sets a high hurdle that few investors can leap.
Timing is everything in this markets.
I remember when being liberal meant being generous with your own money.
If a picture is worth a thousand words, in business, so is a number.
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.
One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do. Most people – not that I’m better than most people – always have to be playing; they always have to be doing something. They make a big play and say, “Boy, am I smart, I just tripled my money. ” Then they rush out and have to do something else with that money. They can’t just sit there and wait for something new to develop
The best approach here if at all possible is to use supervisory and regulatory methods to restrain undue risk-taking and to make sure the system is resilient in case an asset price bubble bursts in the future.
It is the duty of the long-term investor to endure great losses with equanimity.
Practical investors usually learn their problem is finding enough outstanding investments, rather than choosing among too many.
The concept of a general equilibrium has no relevance to the real world (in other words, classical economics is an exercise in futility).
Demanding immediate success invariably leads to playing the fads or fashions currently performing well rather than investing on a solid basis. A course of investment, once charted, should be given time to work out. Patience is a crucial but rare investment commodity.
You have to keep your priorities straight if you plan to do well in stocks.