Wrong things

You only have to do a very few things right in your life so long as you don't do too many things wrong.

- Warren Buffett

Bear markets are not a calamity

For those properly prepared in advance, a bear market in stocks is not a calamity but an opportunity.

– Sir John Templeton

What is investing

Investing isn't just about probabilities. It's about consequences, and you've got to be prepared for them.

- John Bogle

The bottom is not known

When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom.

- Peter Lynch

Yesterday's growth

The investor of today does not profit from yesterday's growth.

- Warren Buffett

Not preditions, but correct false ones

My approach works not by making valid predictions but by allowing me to correct false ones.

- George Soros

Time to sell

If the job has been correctly done when a common stock is purchased, the time to sell it is - almost never.

- Philip Fisher

Intrinsic value

Even a very indefinite idea of the intrinsic value may still justify a conclusion if the current price falls far outside either the maximum or minimum appraisal.

- Benjamin Graham

Purchase when apprehensions are at peak

We have usually made our best purchases when apprehensions about some macro event were at a peak. Fear is the foe of the faddist, but the friend of the fundamentalist.

- Warren Buffett

Investment

An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative.

- Benjamin Graham

You can't buy what is popular and do well

Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.

- Warren Buffett

Critical investment factor

The critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price.

- Warren Buffett

Diversification

To carry one's eggs in a great number of baskets without having the time or opportunity to discover how many have holes in the bottom is the surest way of increasing risk and loss.

- Warren Buffett

Emerging Industries

As investors our reaction to a fermenting industry is much like our attitude toward space exploration. We applaud the endeavor but prefer to skip the ride.

- Warren Buffett

Investement and adaptation

The underlying principles of sound investment should not alter from decade to decade, but the application of these principles must be adapted to significant changes in the financial mechanisms and climate.

- Benjamin Graham

Insight into economy

In an economy, there were three entities that borrow - households, companies and financial intermediaries (banks and non banking finance companies). If one of the two entities was over-borrowed, the problem was manageable, but if two out of the three were over-borrowed “one has to be careful”.

- Dr Yaga Venugopal Reddy

Irrational market

Although markets do tend toward rational positions in the long run, the market can stay irrational longer than you can stay solvent.

- John Maynard Keynes

Shares are not lottery ticket

Although it's easy to forget sometimes, a share is not a lottery ticket...it's part-ownership of a business.

- Peter Lynch

Iron stomach

Someone has rightly said that in investing, one does not need great intelligence. An average intelligence supported by an iron stomach will do the trick.

- Anonymous

Cash?

You can't keep money around for ever. It's like saving sex for your old age

- Warren Buffett

Understand stock markets

You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets.

- Peter Lynch

Common stock values

In 44 years of Wall Street experience and study, I have never seen dependable calculations made about common-stock values, or related investment policies, that went beyond simple arithmetic or the most elementary algebra. Whenever calculus is brought in, or higher algebra, you could take it as a warning signal that the operator was trying to substitute theory for experience, and usually also to give to speculation the deceptive guise of investment.

- Benjamin Graham

Tech Companies

Technology companies should be valued at a discount to the shares of companies like Disney and Coca-Cola, which have long-term earnings.

- Warren Buffett