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Investment Wisdom

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Sound investment principles, wisdom, & inspiration from the best investors & thinkers. Follow me to think about investing & decision-making more wisely.

Shorts

“I’m happier when stocks are going down because I can buy more of them with the same amount of money.” — Warren Buffett

“I’m happier when stocks are going down because I can buy more of them with the same amount of money.” — Warren Buffett

35,021 görüntüleme

“If you’ve got 150 IQ and you’re in my business, go sell 20 or 30 points to somebody else because you really don’t need it. You need emotional stability.” — Warren Buffett

“If you’ve got 150 IQ and you’re in my business, go sell 20 or 30 points to somebody else because you really don’t need it. You need emotional stability.” — Warren Buffett

390,957 görüntüleme

Warren Buffett: “Don’t sleepwalk through life. Find something that you really enjoy doing, if you can do it. Not everybody is lucky enough to be able to find that, but it ought to be your goal.”

Warren Buffett: “Don’t sleepwalk through life. Find something that you really enjoy doing, if you can do it. Not everybody is lucky enough to be able to find that, but it ought to be your goal.”

48,392 görüntüleme

“If you buy good businesses at reasonable prices and hold them, you’re going to make a lot of money.” — Warren Buffett

“If you buy good businesses at reasonable prices and hold them, you’re going to make a lot of money.” — Warren Buffett

28,195 görüntüleme

Warren Buffett: “All these economists with 160 IQs and spending their life studying it. And can you name me one super wealthy economist who’s ever earned money out of securities? No.”

Warren Buffett: “All these economists with 160 IQs and spending their life studying it. And can you name me one super wealthy economist who’s ever earned money out of securities? No.”

50,157 görüntüleme

Warren Buffett: “Don’t sleepwalk through life. Find something that you really enjoy doing, if you can do it. Not everybody is lucky enough to be able to find that, but it ought to be your goal.”

Warren Buffett: “Don’t sleepwalk through life. Find something that you really enjoy doing, if you can do it. Not everybody is lucky enough to be able to find that, but it ought to be your goal.”

79,018 görüntüleme

Charlie Munger: “There will never be any shortage of good people in the world. All you've got to do is seek them out and get as many of them as possible into your life… And keep the rest the hell out.”

Charlie Munger: “There will never be any shortage of good people in the world. All you've got to do is seek them out and get as many of them as possible into your life… And keep the rest the hell out.”

77,352 görüntüleme

Charlie Munger on attitude: “It's very counterproductive for an individual to feel like a victim, even if he is one. The best attitude is just to be cheerful about everything and keep plugging along.”

Charlie Munger on attitude: “It's very counterproductive for an individual to feel like a victim, even if he is one. The best attitude is just to be cheerful about everything and keep plugging along.”

28,120 görüntüleme

Warren Buffett: “The beauty of stocks is that they do sell at silly prices from time to time…That's how Charlie and I have gotten rich.”

Warren Buffett: “The beauty of stocks is that they do sell at silly prices from time to time…That's how Charlie and I have gotten rich.”

23,071 görüntüleme

Peter Lynch: “Far more money has been lost by investors trying to anticipate corrections, than lost in the corrections themselves.” Anticipating temporary corrections creates permanent losses.

Peter Lynch: “Far more money has been lost by investors trying to anticipate corrections, than lost in the corrections themselves.” Anticipating temporary corrections creates permanent losses.

34,316 görüntüleme

“If you buy things for far below what they're worth, and you buy a group of them, you basically don't lose.” — Warren Buffett

“If you buy things for far below what they're worth, and you buy a group of them, you basically don't lose.” — Warren Buffett

65,954 görüntüleme

“If you buy good businesses at reasonable prices and hold them, you’re going to make a lot of money.” — Warren Buffett

“If you buy good businesses at reasonable prices and hold them, you’re going to make a lot of money.” — Warren Buffett

36,350 görüntüleme

Warren Buffett: “I just read and read and read. I probably read 5 to 6 hours a day…I read 5 daily newspapers. I read a fair number of magazines. I read 10-Ks, I read annual reports…I’ve always enjoyed reading.”

Warren Buffett: “I just read and read and read. I probably read 5 to 6 hours a day…I read 5 daily newspapers. I read a fair number of magazines. I read 10-Ks, I read annual reports…I’ve always enjoyed reading.”

54,479 görüntüleme

Charlie Munger: “Family comes first, be in a position so you can help others when troubles come, prudent, sensible, and a moral duty to be reasonable...” “These are more important than being rich. More important than being important.”

Charlie Munger: “Family comes first, be in a position so you can help others when troubles come, prudent, sensible, and a moral duty to be reasonable...” “These are more important than being rich. More important than being important.”

62,560 görüntüleme

Warren Buffett: “A stock is a piece of a business. And if you buy a piece of a good business and somebody’s running it for you [who’s] honest & able, and you pay a reasonable price—you’re going to make a lot of money.”

Warren Buffett: “A stock is a piece of a business. And if you buy a piece of a good business and somebody’s running it for you [who’s] honest & able, and you pay a reasonable price—you’re going to make a lot of money.”

21,255 görüntüleme

Charlie Munger: “Family comes first, be in a position so you can help others when troubles come, prudent, sensible, and a moral duty to be reasonable...” “These are more important than being rich. More important than being important.”

Charlie Munger: “Family comes first, be in a position so you can help others when troubles come, prudent, sensible, and a moral duty to be reasonable...” “These are more important than being rich. More important than being important.”

26,588 görüntüleme

Warren Buffett: “The beauty of stocks is that they do sell at silly prices from time to time… That's how Charlie and I have gotten rich.”

Warren Buffett: “The beauty of stocks is that they do sell at silly prices from time to time… That's how Charlie and I have gotten rich.”

32,404 görüntüleme

Peter Lynch: “I think economists have predicted 33 out of the last 11 recessions.”

Peter Lynch: “I think economists have predicted 33 out of the last 11 recessions.”

34,629 görüntüleme

Charlie Munger: “You don't want to be such an absolute purist for free trade. I'm almost a purist, but not quite. But I wouldn't want the entire steel industry of the United States to move offshore.”

Charlie Munger: “You don't want to be such an absolute purist for free trade. I'm almost a purist, but not quite. But I wouldn't want the entire steel industry of the United States to move offshore.”

16,845 görüntüleme

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Warren Buffett: “If you take 28% times 33% times 17% times 22% times zero, the answer is zero. You can’t have a zero in there...” “I’ve seen a lot of people put up a lot of good [returns], and then they stuck a zero in there—and it was over. You ‘Go Back To Go.’”

Warren Buffett: “If you take 28% times 33% times 17% times 22% times zero, the answer is zero. You can’t have a zero in there...” “I’ve seen a lot of people put up a lot of good [returns], and then they stuck a zero in there—and it was over. You ‘Go Back To Go.’”

Investment Wisdom

206,865 görüntüleme • 5 gün önce

Warren Buffett: “If you can detach yourself, temperamentally, from the crowd, you'll get very rich. You don't have to be very bright [either].” “It doesn't take brains. It takes temperament.”

Warren Buffett: “If you can detach yourself, temperamentally, from the crowd, you'll get very rich. You don't have to be very bright [either].” “It doesn't take brains. It takes temperament.”

Investment Wisdom

58,184 görüntüleme • 8 gün önce

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!”

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 Wisdom

795,123 görüntüleme • 4 ay önce

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.”

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 Wisdom

1,182,013 görüntüleme • 7 ay önce

Warren Buffett: “I did miss the boat [on tech stocks], but I don't mind missing boats that I don't know enough to captain.” “I don't have to understand everything. I just have to be right about the things that I do.”

Warren Buffett: “I did miss the boat [on tech stocks], but I don't mind missing boats that I don't know enough to captain.” “I don't have to understand everything. I just have to be right about the things that I do.”

Investment Wisdom

60,353 görüntüleme • 14 gün önce

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.”

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 Wisdom

379,245 görüntüleme • 3 ay önce

Warren Buffett: “I like to deal with people where I feel a 1-page contract will do the job. If I have to have 50 pages in there to protect me against the guy I’m dealing with, I’ll always wonder whether I needed 51.”

Warren Buffett: “I like to deal with people where I feel a 1-page contract will do the job. If I have to have 50 pages in there to protect me against the guy I’m dealing with, I’ll always wonder whether I needed 51.”

Investment Wisdom

601,260 görüntüleme • 6 ay önce

Charlie Munger: “A wonderful life lesson for you...There's a whole lot of things that aren't going to work for you...Avoid the crooks, crazies, egomaniacs, people full of resentment, people full of self-pity, and people who feel like victims...Avoid them like the plague.”

Charlie Munger: “A wonderful life lesson for you...There's a whole lot of things that aren't going to work for you...Avoid the crooks, crazies, egomaniacs, people full of resentment, people full of self-pity, and people who feel like victims...Avoid them like the plague.”

Investment Wisdom

58,230 görüntüleme • 19 gün önce

Peter Lynch: “You have to be looking for new companies and look at the balance sheet. If you can add 5 and 5 and get reasonably close to 10, you should be able to look at a balance sheet and say: here are 2 depressed companies, they’ve gone from $50 to $3 dollars. One company’s got $300 million in cash and no debt. One’s got $300 million in debt and no cash. Which one are you gonna buy? Not too hard.” Keep it simple.

Peter Lynch: “You have to be looking for new companies and look at the balance sheet. If you can add 5 and 5 and get reasonably close to 10, you should be able to look at a balance sheet and say: here are 2 depressed companies, they’ve gone from $50 to $3 dollars. One company’s got $300 million in cash and no debt. One’s got $300 million in debt and no cash. Which one are you gonna buy? Not too hard.” Keep it simple.

Investment Wisdom

83,671 görüntüleme • 29 gün önce

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.”

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 Wisdom

164,000 görüntüleme • 2 ay önce

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:

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 Wisdom

89,459 görüntüleme • 1 ay önce

Charlie Munger: “I have a friend whose grandmother used to say that she couldn't understand why people got into envy-jealousy because it was the only one of the sins that you could never have any fun at.” Warren Buffett: “[Envy] is such a counterproductive kind of thing.”

Charlie Munger: “I have a friend whose grandmother used to say that she couldn't understand why people got into envy-jealousy because it was the only one of the sins that you could never have any fun at.” Warren Buffett: “[Envy] is such a counterproductive kind of thing.”

Investment Wisdom

36,263 görüntüleme • 17 gün önce

“If you spend 14 minutes a year on economics, you just wasted 12 minutes.” — Peter Lynch

“If you spend 14 minutes a year on economics, you just wasted 12 minutes.” — Peter Lynch

Investment Wisdom

349,930 görüntüleme • 6 ay önce

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.”

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 Wisdom

333,836 görüntüleme • 6 ay önce

Charlie Munger: “The secret to life is easy because it's so simple: You don’t have a lot of envy or resentment. You don’t overspend your income. You stay cheerful in spite of your troubles. You deal with reliable people and you do what you’re supposed to do.”

Charlie Munger: “The secret to life is easy because it's so simple: You don’t have a lot of envy or resentment. You don’t overspend your income. You stay cheerful in spite of your troubles. You deal with reliable people and you do what you’re supposed to do.”

Investment Wisdom

288,043 görüntüleme • 5 ay önce

Warren Buffett: “I have mainly learned by reading. I don't think I have any original ideas…” Charlie Munger: “There are answers worth billions of dollars in a $30 history book.”

Warren Buffett: “I have mainly learned by reading. I don't think I have any original ideas…” Charlie Munger: “There are answers worth billions of dollars in a $30 history book.”

Investment Wisdom

70,374 görüntüleme • 1 ay önce

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.

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 Wisdom

145,070 görüntüleme • 2 ay önce

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.”

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 Wisdom

116,747 görüntüleme • 2 ay önce

“If we have trouble finding things within our circle [of competence], we will not enlarge the circle. We'll wait. That's our approach.” — Warren Buffett

“If we have trouble finding things within our circle [of competence], we will not enlarge the circle. We'll wait. That's our approach.” — Warren Buffett

Investment Wisdom

16,511 görüntüleme • 8 gün önce

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”:

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 Wisdom

95,512 görüntüleme • 2 ay önce