It’s that all those typical mutual fund managers are doing in the market every day—speculating on the direction of the crowd in this industry or that stock. They are not investors.
lk 254
Invested vol 15
Keha peab arvet vol 55
Voli siin ja seal uitavat tähelepanu vabatahtlikult tagasi tuua, ikka ja jälle, on otsustusvõime, iseloomu ja tahte alusmüür.
W. James
lk 347
Invested vol 14
Here’s the important bit, though: companies are like horses—if you look deep enough, there is something wrong with every single one of them.
lk 243
Invested vol 13
… price is actually least important, because time will fix errors on a wonderful business.
lk 235
Invested vol 12
Professional investors are smart people, but investing is not about being smart; it is about knowing what you’re buying will be worth more in ten years and being patient.
lk 115
Invested vol 11
Buffet’s point is that fund managers commonly buy and sell based on fear or greed, not on ruthlessly rational, fully informed decisions.
lk 88
Invested vol 10
… Benjamin Graham’s investing strategy of “mentally, always buying the business, not buying the stock”.
lk 88
Invested vol 9
If we all acted like we are adults who take responsibility for our financial decisions, we would have massive power. It would also make this investing thing a lot more fun.
lk 76
Invested vol 8
Invested vol 7
No matter how many books are written about failure being good, failing is usually a personal disaster.
lk 56
Invested vol 6
In the 1600s, the Dutch came up with the history-changing innovation that led to such marketplace as we now have: they divided a corporation into shares of stock—which just meant owning fractions of a company instead of the whole thing—that were available to be purchased by members of the public.
lk 38
Invested vol 5
Invested vol 4
… the Emotional Rule of Investing: as soon as you buy a stock expecting it to go up, it will go down—because you bought the stock.
lk 28
Invested vol 3
The only way to simply maintain today’s buying power of the money you have is by making more money on your money.
lk 22
