Great investors and their quotes

They successfully tried to understand the

market and made history

Warren Buffett

“‘Price is what

you pay; value is

what you get.’

Whether we’re

talking about

socks or stocks,

I like buying

quality

merchandise

when it is

marked down.”

George Soros

”I’m only rich

because I know

when I’m wrong…I

basically have

survived

by recognizing my

mistakes.”

David Rubenstein

“Persist – don’t take

no for an answer. If

you’re happy to sit at

your desk and not

take any risk, you’ll

be sitting at your

desk for the next 20

years.”

Ray Dalio

“More than anything

else, what

differentiates people

who live up to their

potential from those

who don’t is a

willingness to look at

themselves and

others objectively.”

Eddie Lampert

“This idea of

anticipation is key to

investing and to

business generally.

You can’t wait for an

opportunity to become

obvious. You have to

think, “Here’s what

other people and

companies have done

under certain

circumstances. Now,

under these new

circumstances, how is

this management likely

to behave?”

T. Boone Pickens

“Theolder Iget, themore Isee astraightpathwhere Iwant togo. Ifyou’regoing tohuntelephants, don’tget offthe trailfor arabbit.”

Charlie Munger

“If you took our top

fifteen decisions

out, we’d have a

pretty average

record. It wasn’t

hyperactivity, but a

hell of a lot of

patience. You stuck

to your principles

and when

opportunities came

along, you pounced

on them with

vigor.”

David Tepper

“This company

looks cheap, that

company looks

cheap, but the

overall economy c

ould completely

screw it up. The

key is to wait.

Sometimes the

hardest thing to do

is to do nothing.”

Benjamin Graham

“The individual investor

should act consistently

as an investor and not

as a speculator. This

means that he should

be able to justify every

purchase he makes and

each price he pays by

impersonal, objective

reasoning that satisfies

him that he is getting

more than his money’s

worth for his purchase.”

Louis Bacon

“As a speculator

you must

embrace disorder

and chaos.”

Paul Tudor Jones

“Were you want to be is

always in control, never

wishing, always trading,

and always, first and

foremost protecting

your butt. After a while

size means nothing. It

gets back to whether

you’re making 100% rate

of return on $10,000 or

$100 million dollars. It

doesn’t make any

difference.”

Bruce Kovner

” My experience

with novice traders is

that they trade three to

five times too big. They

are taking 5 to 10

percent risks on a trade

when they should be

taking 1 to 2 percent

risks. The emotional

burden of trading is

substantial; on any

given day, I could lose

millions of dollars. If

you personalize these

losses, you can’t trade.”

Rene Rivkin

“When buying

shares, ask

yourself, would

you buy the whole

company?”

Peter Lynch

“I think you have to

learn that there’s a

company behind every

stock, and that there’s

only one real

reason why stocks go

up. Companies go

from doing poorly to

doing well or small

companies grow to

large companies.”

John Templeton

“The time

of maximum

pessimism is the

best time to buy and

the time of maximum

optimism is the best

time to sell.”

John (Jack) Bogle

you shouldn’t be

in stocks.” “If you

have trouble

imagining a 20%

loss in the stock

market