1) Know what you own, and know why you own it.
2) Selling your winners and holding your losers is like cutting the flowers and watering the weeds.
3) Owning stocks is like having children - don't get involved with more than you handle.
7 takeaways from 7 of the best books on stock market ever written.
~ One up on wallstreet.
~ Common stocks uncommon profits.
~ Poor charlie's almanack.
~ The intelligent investor.
~ Security analysis.
~ The most important thing.
~ The snowball.
1) Know what you own, and know why you own it.
2) Selling your winners and holding your losers is like cutting the flowers and watering the weeds.
3) Owning stocks is like having children - don't get involved with more than you handle.
5) Remember, things are never clear until it's too late.
6) Big companies have small moves, small companies have big moves.
7) When you sell in desperation, you always sell cheap.
1) If the job has been correctly done when a common stock is purchased, the time to sell it is - almost never.
2) Usually a very long list of securities is not a sign of the brilliant investor, but of one who is unsure of himself
4) Don’t be Influenced by What Doesn’t Matter.
5) In the field of common stocks, a little bit of a great many can never be more than a poor substitute for a few of the outstanding.
7) Nothing is worth doing unless it is worth doing right.
1) Take a simple idea and take it seriously.
2) I think track records are very important. If you start early trying to have a perfect one in some simple thing like honesty, you're well on your way to success in this world.
4) We just look for no-brainer decisions. We don't leap seven-foot fences.
6) Every time you see the word Ebitda, you should substitute the words "bullshit earnings".
7) The secret of success in one word answer is "rational.
1) The longer the bull market lasts the more severely investors will be affected with amnesia; after five years or so, many people no longer believe that bear markets are possible.
3) One must deliberately protect himself against serious losses.
4) You will be much more in control, if you realize how much you are not in control.
6) Successful investing is about managing risk, not avoiding it.
7) At heart, “uncertainty” and “investing” are synonyms.
1) Abnormally good or abnormally bad conditions do not last forever.
2) While a trend shown in the past is a fact, a “future trend” is only an assumption.
3) A criterion based on adjectives is always ambiguous.
5) We must recognize, however, that intrinsic value is an elusive concept.
7) Investors are constitutionally averse to buying into a troubled situation.
1) Experience is what you got when you didn’t get what you wanted.
2) Prices are too high” is far from synonymous with “the next move will be downward.” Things can be overpriced and stay that way for a long time...or become far more so.
4) The perfect is the enemy of the good
5) People should like something less when its price rises, but in investing they often like it more.
7) There's only one way to describe most investors: trend followers.
1) Time is the friend of the wonderful business, the enemy of the mediocre.
2) Intensity is the price of excellence
3) Be fearful when others are greedy, and greedy when others are fearful. This was the time to be greedy.
5) Lose money for the firm, & I will be understanding. Lose a shred of reputation for the firm, & I'll be ruthless.
