How does something like this happen? How do people spend ten years buying and selling something with junk in the name, and then say “Oh my God, you mean those weren’t good investments? They sounded so great! Junk bonds. We thought we couldn’t go wrong with a name like that.”
Only when the tide goes out do you discover who’s been swimming naked.
As far as I am concerned, the market doesn’t exist. It is there only as a reference point to see if anybody is offering to do anything foolish. When we invest in stocks, we invest in businesses.
The more you chase the Holy Grail of short term performance, the less you get in long-term results.
Why is the man who invests all your money called a broker?
If there were no bad speculations there could be no good investments; if there were no wild ventures there would be no brilliantly successful enterprises.
There is nothing so disastrous as a rational investment policy in an irrational world.
There is no investment you can make which will pay you so well as the effort to scatter sunshine and good cheer through your establishment.
Invest in inflation. It’s the only thing going up.
Don’t gamble. Take all your savings and buy some good stock and hold it ’til it goes up, then sell it. If it don’t go up, don’t buy it.