What’s your favorite quote/lesson when it comes to investing?
I’ll go first. Here are my top 5 favorite Investing quotes that my whole investment philosophy is based on:
“Investing should be more like watching paint dry or watching grass grow. If you äwant excitement, take $800 and go to Las Vegas.” - Paul Samuelson
"Courage taught me no matter how bad a crisis gets ... any sound investment will eventually pay off." - Carlos Slim Helu
“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." - George Soros
"The four most dangerous words in investing are, it’s different this time." - Sir John Templeton
“No matter how great the talent or efforts, some things just take time. You can't produce a baby in one month by getting nine women pregnant.” - Warren Buffet
I need to search where I found this, but I like this one:
"a lot of people want to argue about stocks that are at 30x sales or 3x EBITDA. I'm a lot more interested in businesses that are trading at exactly the market multiple, because that's actually the bucket that makes the least sense to me. Because I don't really believe in the idea of an average business, because if it's actually completely average then it's completely undifferentiated and it won't stay there. So things that don't screen abnormally at all to me are really interesting more than things that clearly are exceptional"
I need to search where I found this, but I like this one:
"a lot of people want to argue about stocks that are at 30x sales or 3x EBITDA. I'm a lot more interested in businesses that are trading at exactly the market multiple, because that's actually the bucket that makes the least sense to me. Because I don't really believe in the idea of an average business, because if it's actually completely average then it's completely undifferentiated and it won't stay there. So things that don't screen abnormally at all to me are really interesting more than things that clearly are exceptional"