The Republican Primaries were quite interesting. The establishment had its candidate, [Mitt] Romney, a kind of a Wall Street lawyer and investor, and they wanted him in. But the base didn't want him.
We next consider the rule that the investor does or should consider expected return a desirable thing and variance of return an undesirable thing.
If your investments are limited to this earth, you are the world's worst investor.
As an investor with small capital, one should prefer businesses that have high returns on capital and that require little incremental investment to grow.
The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.
For investor confidence, it is important that there is certainty about the future of Ireland in E. U.
Of one thing the investor can be certain: A large company's need to bring in a new chief executive from the outside is a damning sign of something basically wrong with the existing management - no matter how good the surface signs may have been as indicated by the most recent earnings statement.
There’s a virtuous cycle when people have to defend challenges to their ideas. Any gaps in thinking or analysis become clear pretty quickly when smart people ask good, logical questions. You can’t be a good value investor without being an independent thinker – you’re seeing valuations that the market is not appreciating. But it’s critical that you understand why the market isn’t seeing the value you do. The back and forth that goes on in the investment process helps you get at that.
You don't need every investor to believe that you can succeed. You only need one.
To be an investor you must be a believer in a better tomorrow.
The ability to say no is a tremendous advantage for an investor.
As an investor I cannot tell that. We cannot predict the success or failure.
The natural-born investor is a myth.
The best investor is your customer.
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.
An investor needs to do very few things right as long as he or she avoids big mistakes.
It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait. If you didn’t get the deferred-gratification gene, you’ve got to work very hard to overcome that.
An outstanding addition to the volumes written on value investing. Not only do the authors offer their own valuable insights but they have provided in one publication invaluable insights from some of the most accomplished professionals in the investment business. I would call this publication a must-read for any serious investor.