"Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1”
"Risk comes from not knowing what you are doing."
"Buy not on optimism, but on arithmetic."
"Beware the investment activity that produces applause; the great moves are usually greeted by yawns."
"Never invest in a business you cannot understand."
"Although it’s easy to forget sometimes, a share is not a lottery ticket… it’s part ownership of a business."
"If a business does well, the stock eventually follows."
"Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years."
"How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case."
Robert G. Allen
"Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in one-night stands a romantic. The stock market is designed to transfer money from the active to the patient."
"If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes."
"Minimising downside risk while maximising the upside is a powerful concept."
"Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble."
"If we buy the business as a business and not as a stock speculation, then it becomes personal. I want it to be personal."
"You only have to do a very few things right in your life so long as you don’t do too many things wrong."
"Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.."
"It is impossible to produce superior performance unless you do something different from the majority."
"Behind every stock is a company. Find out what it’s doing."
"I will tell you how to become rich. Close the doors, be fearful when others are greedy. Be greedy when others are fearful."
"The individual should act consistently as an investor and not as a speculator."
"All intelligent investing is value investing. Aquiring more that you are paying for. You must value the business in order to value the stock"
"In many ways, the stock market is like the weather in that if you don’t like the current conditions all you have to do is wait a while."
"Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas."
"Every once in a while, the market does something so stupid it takes your breath away."
"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."