Bublles due to misconception

Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.

- George Soros

What is required for long-term investment success

Independent thinking, emotional stability, and a keen understanding of both human and institutional behavior is vital to long-term investment success. I've seen a lot of very smart people who have lacked these virtue.

- Warren Buffett

Risk

Risk is a part of God's game, alike for men and nations.

- Warren Buffett

Politicians & Diapers

Politicians are like diapers. They both need changing regularly and for the same reason.

- Anonymous

The people in the stock market

The stock market is filled with individuals who know the price of everything, but the value of nothing.

- Philip Fisher

Footwear and Food

What we use for our foot is sold in air conditioned shops. What we eat is sold on the footpath. We should respect our food, pack it properly and then send it to the markets.

- Lalu Prasad Yadav

Mania

A mania is a mania, and the experts are caught in it just as the public is.

- Marc Faber

Business to own

If we have a strength, it is in recognizing when we are operating well within our circle of competence and when we are approaching the perimeter. Predicting the long-term economics of companies that operate in fast-changing industries is simply far beyond our perimeter.

- Warren Buffett

The damage caused by low-quality securities

The chief losses to investors come from the purchase of low-quality securities at times of favorable business conditions.

- Benjamin Graham

Good stocks and time

If you have good stocks and you really know them, you'll make money if you're patient over three years or more.

- David Dreman

Combination of Cash and Courage

Cash combined with courage in a crisis is priceless.

- Warren Buffett

Primary: Margin of safety

In security analysis the prime stress is laid upon protection against untoward events. We obtain this protection by insisting upon margins of safety, or values well in excess of the price paid.

- Benjamin Graham

Care for the bad years

It is well to consider the financial strength and debt structure to see if a few bad years would hinder the company's long-term progress.

- Peter Lynch

Financial markets

The financial markets generally are unpredictable. So that one has to have different scenarios... The idea that you can actually predict what's going to happen contradicts my way of looking at the market.

- George Soros

Banker

A banker is a fellow who lends you his umbrella when the sun is shining and wants it back the minute it begins to rain.

- Mark Twain

'Better time' for equity investing

There may well be some period in the near future when financial markets are demoralized and much better buys are available in equities; that possibility exists at all times. But you can be sure that at such a time the future will seem neither predictable nor pleasant. Those now awaiting a ‘better time’ for equity investing are highly likely to maintain that posture until well into the next bull market.

- Warren Buffett

Growth of confidence

Confidence grows at the rate a coconut tree grows and falls at the rate a coconut falls.

- Montek Singh Ahluwalia