15 Quotes from Great Investors

Via Addicted2Success, here are a few awe­some invest­ment quotes by a few of the worlds great­est investors:

Insight­ful Invest­ment Quotes
War­ren Buf­fett (Net Worth $39 Bil­lion) – “‘Price is what you pay; value is what you get.’ Whether we’re talk­ing about socks or stocks, I like buy­ing qual­ity mer­chan­dise when it is marked down.”

George Soros (Net Worth $22 Bil­lion) — ”I’m only rich because I know when I’m wrong…I basi­cally have sur­vived by rec­og­niz­ing my mistakes.”

David Ruben­stein (Net Worth $2.8 Bil­lion) – “Per­sist – don’t take no for an answer. If you’re happy to sit at your desk and not take any risk, you’ll be sit­ting at your desk for the next 20 years.”

Ray Dalio (Net Worth $6.5 Bil­lion) – “More than any­thing else, what dif­fer­en­ti­ates peo­ple who live up to their poten­tial from those who don’t is a will­ing­ness to look at them­selves and oth­ers objectively.”

Eddie Lam­pert (Net Worth $3 Bil­lion) – “This idea of antic­i­pa­tion is key to invest­ing and to busi­ness gen­er­ally. You can’t wait for an oppor­tu­nity to become obvi­ous. You have to think, “Here’s what other peo­ple and com­pa­nies have done under cer­tain cir­cum­stances. Now, under these new cir­cum­stances, how is this man­age­ment likely to behave?”

T. Boone Pick­ens (Net Worth $1.4 Bil­lion) — “The older I get, the more I see a straight path where I want to go. If you’re going to hunt ele­phants, don’t get off the trail for a rabbit.”

Char­lie Munger (Net Worth $1 Bil­lion) – “If you took our top fif­teen deci­sions out, we’d have a pretty aver­age record. It wasn’t hyper­ac­tiv­ity, but a hell of a lot of patience. You stuck to your prin­ci­ples and when oppor­tu­ni­ties came along, you pounced on them with vigor.”

David Tep­per (Net Worth $5 Bil­lion) – “This com­pany looks cheap, that com­pany looks cheap, but the over­all econ­omy could com­pletely screw it up. The key is to wait. Some­times the hard­est thing to do is to do nothing.”

Ben­jamin Gra­ham – “The indi­vid­ual investor should act con­sis­tently as an investor and not as a spec­u­la­tor. This means that he should be able to jus­tify every pur­chase he makes and each price he pays by imper­sonal, objec­tive rea­son­ing that sat­is­fies him that he is get­ting more than his money’s worth for his purchase.”

Louis Bacon (Net Worth $1.4 Bil­lion) – “As a spec­u­la­tor you must embrace dis­or­der and chaos.”

Paul Tudor Jones (Net Worth $3.2 Bil­lion) - “Were you want to be is always in con­trol, never wish­ing, always trad­ing, and always, first and fore­most pro­tect­ing your butt. After a while size means noth­ing. It gets back to whether you’re mak­ing 100% rate of return on $10,000 or $100 mil­lion dol­lars. It doesn’t make any difference.”

Bruce Kovner (Net Worth $4.3 Bil­lion) - ” My expe­ri­ence with novice traders is that they trade three to five times too big. They are tak­ing 5 to 10 per­cent risks on a trade when they should be tak­ing 1 to 2 per­cent risks. The emo­tional bur­den of trad­ing is sub­stan­tial; on any given day, I could lose mil­lions of dol­lars. If you per­son­al­ize these losses, you can’t trade.”

Rene Rivkin (Net Worth $346 Mil­lion) — “When buy­ing shares, ask your­self, would you buy the whole company?”

Peter Lynch (Net Worth $352 Mil­lion) – “I think you have to learn that there’s a com­pany behind every stock, and that there’s only one real rea­son why stocks go up. Com­pa­nies go from doing poorly to doing well or small com­pa­nies grow to large companies.”

John Tem­ple­ton (Net Worth $20 Bil­lion)- “The time of max­i­mum pes­simism is the best time to buy and the time of max­i­mum opti­mism is the best time to sell.”

John (Jack) Bogle (Net Worth $4 Bil­lion) - “If you have trou­ble imag­in­ing a 20% loss in the stock mar­ket, you shouldn’t be in stocks.”