Quote Discovery

"The four most dangerous words in investing are: 'This time it's different.'"

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

"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong."

"Pain + Reflection = Progress."

"In the short run, the market is a voting machine but in the long run, it is a weighing machine."

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

"Go for a business that any idiot can run—because sooner or later, any idiot probably is going to run it."

"Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves."

"The first rule of compounding: Never interrupt it unnecessarily."

"Active management strategies demand uncommon skill and uncommon temperament."

"I don't want a lot of good investments; I want a few outstanding ones."

"Markets are constantly in a state of uncertainty and flux, and money is made by discounting the obvious and betting on the unexpected."