
Investment Wisdom
@InvestingCanons • 120,875 subscribers
Sound investment principles, wisdom, & inspiration from the best investors & thinkers. Follow me to think about investing & decision-making more wisely.
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Warren Buffett: “Making $1 million a year looks great until this guy who sits next to you, who can't possibly be as smart as you, is making $1 million, too. Then the whole world turns into a very unfair place.” Buffett & Charlie Munger on what really drives the world:
Investment Wisdom89,265 次观看 • 12 天前

Warren Buffett: “The whole Walt Disney Company was selling for $80 million in 1966, debt-free. $4 million bought us 5% of the company. They spent $17 million on the Pirates [of the Caribbean] ride. Here was a company selling at less than 5x rides - and they had a lot of rides!”
Investment Wisdom795,024 次观看 • 3 个月前

Charlie Munger: “What caused [my] financial success was not extreme ability. I have a good mind, but I'm way short of a prodigy. And I've had results in life that are prodigious. And that came from tricks. I just learned a few basic tricks.” “One – I invert all the time.”
Investment Wisdom1,181,775 次观看 • 6 个月前

Steve Jobs once called Warren Buffett for advice on stock buybacks. Buffett told Jobs—“There’s just 2 questions” to ask: 1. Do you have enough cash to build the business the way you see it over the next 5-10 years? 2. Is your stock selling for less than it’s worth? Jobs answered Yes to both. Buffett said: “Well, you’ve answered your own question.”
Investment Wisdom378,963 次观看 • 2 个月前

Stanley Druckenmiller: “Life goes in streaks. And like a hitter in baseball, sometimes a money manager is seeing the ball and sometimes they're not.” When investors are down, they tend to get aggressive to win it back. Druckenmiller: “One of my most important jobs as a money manager was to understand whether I was hot or cold...” “In my opinion, when you're cold, you should be trying for bunts.”
Investment Wisdom163,470 次观看 • 1 个月前

Warren Buffett: “Interest rates are to asset prices what gravity is to the apple. When there are low interest rates, there is a very low gravitational pull on asset prices.” For higher rates, the opposite is true. Buffett’s primer on their relationship to investments & “The Yardstick Effect”:
Investment Wisdom92,004 次观看 • 1 个月前

Howard Marks on one of the greatest things Charlie Munger ever told him: “… I had lunch with Charlie, and as I got up to leave, he said: ‘Just remember, none of this is easy. Anybody who thinks it’s easy is stupid…” Because in a game where many highly intelligent and disciplined people are looking to get rich, relentlessly finding your edge is everything. Munger: “I don’t play in a game where other people are wise and I am stupid. I look for a game where I am wise and they are stupid. And believe me it works better. God bless our stupid competitors. They make us rich.”
Investment Wisdom116,400 次观看 • 1 个月前

Stanley Druckenmiller: “One of the most important things to do is not to play when you don’t see a fat pitch.” “Historically, I [only] deal in 5 or 6 asset buckets. It tends to keep me out of trouble…” Patience & Circle of Competence: knowing when & where to swing.
Investment Wisdom144,871 次观看 • 1 个月前

Warren Buffett: “I spend more time looking at balance sheets than I do income statements. There are certain things that are harder to hide or play games with on the balance sheet…” “I like to look at balance sheets over an 8 or 10 year period before I even look at the income.”
Investment Wisdom333,681 次观看 • 5 个月前