Quotes

Quotes from legendary investors

“Stocks aren’t lottery tickets. Behind every stock is a company.” – Peter Lynch
“One of the illusions that people on Wall Street have is that they can have perfect information on a stock.” – Seth Klarman
“Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars” – Warren Buffett
“What the wise man does in the beginning, the fool does in the end.” – Howard Marks
“Only when the tide goes out do you discover who's been swimming naked.” – Warren Buffett
“There are old investors, and there are bold investors, but there are no old bold investors.” – Howard Marks
“Develop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day.” – Charlie Munger
“Above all, never fool yourself, and remember that you are the easiest person to fool.” – Charlie Munger
"Show me the incentive and I'll show you the outcome." – Charlie Munger
“Unprecedented events occur with some regularity, so be prepared.” – Seth Klarman