I talk to hundreds of companies a year and spend hour after hour in heady pow-wows with CEOs, financial analysts and my colleagues in the mutual-fund business, but I stumble onto the big winners in extracurricular situations, the same way you do.
When stocks are attractive, you buy them. Sure, they can go lower. I’ve bought stocks at $12 that went to $2, but then they later went to $30. You just don’t know when you can find the bottom.
In stocks as in romance, ease of divorce is not a sound basis for commitment.
Behind every stock is a company. Find out what it’s doing.
There is always something to worry about. Avoid weekend thinking and ignoring the latest dire predictions of the newscasters. Sell a stock because the company’s fundamentals deteriorate, not because the sky is falling.
If a picture is worth a thousand words, in business, so is a number.
Investing is fun and exciting, but dangerous if you don’t do any work.
The best stock to buy is the one you already own.
A stock market decline is as routine as a January blizzard in Colorado. If you’re prepared, it can’t hurt you. A decline is a great opportunity to pick up the bargains left behind by investors who are fleeing the storm in panic.
Well, I think the secret is if you have a lot of stocks, some will do mediocre, some will do okay, and if one of two of ’em go up big time, you produce a fabulous result. And I think that’s the promise to some people.
Your investor’s edge is not something you get from Wall Street experts. It’s something you already have. You can outperform the experts if you use your edge by investing in companies or industries you already understand.
You can find good reasons to scuttle your equities in every morning paper and on every broadcast of the nightly news.
You can’t see the future through a rearview mirror.
So while I was in college I did a little study on the freight industry, the air freight industry. And I looked at this company called Flying Tiger. And I actually put a thousand dollars in it and I remember I thought this air cargo was going to be a thing of the future.
In this business if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.
All the time and effort people devote to picking the right fund, the hot hand, the great manager have, in most cases, led to no advantage.
Invest in what you know.
That’s not to say there’s no such thing as an overvalued market, but there’s no point worrying about it.
In the summer of 1990, I was buying stocks and I was probably three or four months early there. But we had a great rally in 1991.
I like to buy a company any fool can manage because eventually one will.
I’ve always been a great lover of baseball.