The 22 Cleverest Things Ever Said About Investing By Warren Boroson The greatest investors – people like Warren Buffett, Bernard Baruch, and Peter Lynch – also tend to have made immortal observations about investing in general. Here are some of my own favorites: 1. The stock market will always do whatever makes the greatest number of people look foolish. 2. A stockbroker says: I made money, my brokerage firm made money. Two out of three ain’t bad! 3. Stockbrokers service their clients the way Bonnie and Clyde serviced banks.—William Bernstein, M.D. 4. Explanations of why the stock market went up or down yesterday belong on the funny pages.—a Harvard economist 5. In the stock market, water does not always boil at 100 degrees centigrade. 6. Investors tend to water their weeds and cut down their flowers.—Peter Lynch 7. When the tide goes out, you can tell who has been swimming naked.—Warren Buffett 8. The first rule of investing is: Don’t lose money. The second rule is: Don’t forget the first rule.—Benjamin Graham 9. The only people who buy at the lows and sell at the highs are…liars.—Bernard Baruch 10. A stockbroker can make you a small fortune…provided you started out with a large fortune. 11. The only thing my stockbroker did for me was make me broker.—Andrew Tobias 12. I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.—Peter Lynch 13. Don’t confuse genius with a bull market.—Warren Buffett 14. There are two types of people in the world: those who don’t know where interest rates are going, and those who don’t KNOW that they don’t know where interest rates are going. 15. About male investors: Do you know why it takes 10,000 sperm to fertilize one egg? None of them will stop to ask for directions. 16. A bargain that remains a bargain was no bargain. — Martin A. Whitman 17. Given a choice between being overdiversified and being underdiversified, be overdiversified. It’s better to get a C than an F. –Warren Boroson 18. Don’t buy everything. There’s such a thing as di-worsification.—Peter Lynch 19. Nothing gives you more confidence when you invest in stocks than having $500,000 in Treasury bills.—Bill Ruane 20. The four most dangerous words in investing are: This time, it’s different.—Sir John Templeton 21. One trouble with losing money in the stock market is that, to regain what you’ve lost, you must do much better. Because you’re dealing with a smaller number. If your portfolio goes from $100,000 to $50,000, it’s a 50% loss. But you now must make a 100% gain to get back to $100,000. 22. When they arrest the girls, they also arrest the madame. (When not-so-good stocks go down, they tend to take good stocks with them.)
Posted on: Sat, 24 Aug 2013 22:03:05 +0000
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