Quote Discovery

"Don't look for the needle in the haystack. Just buy the haystack!"

"Diversifying well is the most important thing you need to do in order to invest well."

"There is nothing new in Wall Street. There can't be because speculation is as old as the hills."

"Invert, always invert: Turn a situation or problem upside down. Look at it backward."

"Know what you own, and know why you own it."

"Time is your friend; impulse is your enemy."

"The stock market is a device for transferring money from the impatient to the patient."

"The long run is a misleading guide to current affairs. In the long run we are all dead."

"Pain + Reflection = Progress."

"The key to making money in stocks is not to get scared out of them."

"Heads I win, tails I don't lose much."

"Value investing is at its core the marriage of a contrarian streak and a calculator."