Investing quotes

Warren Buffett

On this page we have compiled Investing quotes from leading investors. The quotes give you an insight into their investing philosophy and allow you to deal with central statements. Wherever possible, we have linked further pages with quotations for you. This way you can quickly gain even more knowledge.

Investing Quotes

Ben Graham

  • “Price is what you pay; value is what you get.”
  • “Investment is most intelligent when it is most businesslike.”
  • “In the short run, the market is a voting machine, but in the long run it is a weighing machine.”

Warren Buffett

  • “Activity is the enemy of investment returns.”
  • “I always start [investing] from a position of fear.”
  • Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.”
  • “Take the probability of loss times the amount of possible loss from the probability of gain times the amount of possible gain. That is what we’re trying to do. It’s imperfect, but that’s what it’s all about.”

Charlie Munger

  • “Invert, always invert.”
  • “No wise pilot, no matter how great his talent and experience, fails to use his checklist.”
  • “You don’t have to be brilliant, only a little bit wiser than the other guys, on average, for a long time.”

Howard Marks

  • “You can’t predict, [but] you can prepare.”
  • “‘Experience’ is what you got when you didn’t get what you wanted.”
  • “Superior investors make more money in good times than they give back in bad times.”

Seth Klarman

  • “I think markets will never be efficient because of human nature.”
  • “Buying’s easier, selling’s hard – [it’s] hard to know when to get out.”
  • “The single greatest edge an investor can have is a long-term orientation.”
  • “Value investing is at its core the marriage of a contrarian streak and a calculator.”

Li Lu

  • “Being a value investor means you look at the downside before looking at the upside.”
  • “To be a better investor, you have to stand on your own.You just can’t copy other people’s insights.”

Michael Burry

  • “In essence, the stock market represents three separate categories of business. They are, adjusted for inflation, those with shrinking intrinsic value, those with approximately stable intrinsic value, and those with steadily growing intrinsic value. The preference, always, would be to buy a long-term franchise at a substantial discount from growing intrinsic value.”

Walter J. Schloss

  • “You never really know a stock until you own it.”
  • “Don’t be afraid to be a loner but be sure that you are correct in your judgment.”
  • “People tend to like to buy companies that are doing well, they hate companies that are doing badly. So you look at the ones that are depressed and then you say well, maybe these things can come back.”

Peter Lynch

  • “The person who turns over the most rocks wins the game.”

Other persons

  • “The desire to perform all the time is usually a barrier to performing over time.” – Robert Olstein
  • “Focus and simplicity…once you get there, you can move mountains.” – Steve Jobs
  • “Never confuse genius with a bull market.” – Various
  • “The first principle is that you must not fool yourself, and you are the easier person to fool.” – Richard Feynman

More sources for value investing quotes

  • ValueWalk: 25 Pages of the Best Value Investing Quotes