"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be
greedy when others are fearful."
— Warren Buffett
When buying single stocks or special ETF's this is my mantra. The "close
the doors" is critical, you must ignore the chicken little comments and push on.
"Compound interest is the eighth wonder of the world. He who understands it, earns it. He
who doesn’t, pays it."
— Albert Einstein
Compounding is why and how we get "rich". And the basis of this site.
"Here’s how I think of my money – as soldiers – I send them out to war everyday. I want them
to take prisoners and come home, so there’s more of them."
- Kevin O’Leary
Heard Kevin make a few such statements and it is how i look at
investing. Not worded the most catchy but gets an important point across.
"Don't look for the needle in the haystack. Just buy the haystack!"
— John Bogle
A hero in the investment world that has make practically every person
money by his actions. Just buy the total market or SP500 and be done.
"Wide diversification is only required when investors do not understand what they are
doing."
— Warren Buffett
Warren is know for stock picking and advocating SP500, while both seem
at odds the above is the difference.
"The four most dangerous words in investing are, it’s different this time."
— Sir John Templeton
In 2001, 2009, 2012, 2018, 2020, 2022, I have personally heard this.
Someday it will be right but on that day I won't care about the market.
"You get recessions, you have stock market declines. If you don't understand that's going to
happen, then you're not ready, you won't do well in the markets."
— Peter Lynch
Peter Lynch is known for stock picking, so take this comment more for
picking then wide index investing.
"Sometimes buying early on the way down looks like being wrong, but it isn’t."
— Seth Klarman
This one is huge for me, many don't like to buy when stocks are on sale
but this is the best time.
"A market downturn doesn’t bother us. It is an opportunity to increase our ownership of
great companies with great management at good prices."
— Warren Buffett
Same as the above but worth repeating
"Buy when there's blood in the streets, even if the blood is your own."
— Baron Rothschild
Same as the above but worth repeating again for the 4th time. Important
to note the second part is often omitted but just as important.