Quotes

Quotes from legendary thinkers

“The most important thing to do if you find yourself in a hole is to stop digging.” – Warren Buffett
“It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.” – Charlie Munger
“It is not greed that drives the world, but envy.” – Warren Buffett
“A share of stock is not a lottery ticket. It’s part ownership of a business.” – Peter Lynch
“Risk comes from not knowing what you're doing.” – Warren Buffett
“The market can remain irrational longer than you can remain solvent.” – John Maynard Keynes
“Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group…then to hell with them.” – Charlie Munger
"A fool and his money are soon parted." – Thomas Tusser
“You succeed by suppressing the limbic system. If you cannot suppress that, you are going to die poor.” – Dr. William Bernstein
“Develop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day.” – Charlie Munger
“Show me the incentive and I'll show you the outcome.” – Charlie Munger
“Above all, never fool yourself, and remember that you are the easiest person to fool.” – Charlie Munger
“There are old investors, and there are bold investors, but there are no old bold investors.” – Howard Marks
“What the wise man does in the beginning, the fool does in the end.” – Howard Marks
“Stocks aren’t lottery tickets. Behind every stock is a company.” – Peter Lynch
“Unprecedented events occur with some regularity, so be prepared.” – Seth Klarman
“One of the illusions that people on Wall Street have is that they can have perfect information on a stock.” – Seth Klarman
“Only when the tide goes out do you discover who's been swimming naked.” – Warren Buffett
“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