W.C. Fields 

 

  • "A thing worth having is a thing worth cheating for."

 

Warren Buffet

 

  • “A very rich person should leave his kids enough to do anything, but not enough to do nothing.”

 

  • "You don't want a capital market that functions perfectly if you are in my business."

 

  • "It's very, very hard to regulate people. Regulating is an important part of the system but efficacy of it is really tough."

 

  • "You do not adequately protect yourself by being half awake while others are sleeping."

 

  • "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."

  • "Time is the friend of the wonderful business, the enemy of the mediocre."

 

  • “Never ask a barber whether you need a haircut.”

 

  • "You should invest in a business that even a fool can run, because someday a fool will"

 

  • “If your actions are sensible, you are bound to get good results.”

 

  • "Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway."

 

  • " The art of investing in public companies successfully is little different from the art of successfully acquiring subsidiaries. In each case you simply want to acquire, at a sensible price, a business with excellent economics and able, honest management. Therefore, you need only monitor whether these qualities are being preserved."

  • " One of the ironies of stock market is the emphasis on activity. Brokers, using terms such as marketability and liquidity, sing the praises of companies with high share turnover. But investors should understand that what is good for the croupier is not good for the customer. A hyperactive stock market is the pickpocket of enterprise."

 

William F. Sharpe

 

  • "Properly measured, the average actively managed dollar must underperform the average passively managed dollar, net of costs. Empirical analyses that appear to refute this principle are guilty of improper measurement."

 

William J. Bernstein 

 

  • " Just how rational the markets appear depends on your timeframe. Turn on CNBC and you’re faced with an asylum narrated by the Three Stooges. But look at market behavior over a 50-year horizon and you’ve got a well-manicured lawn, tended by Paul Samuelson and Bill Sharpe. As a practical matter, the more attention you pay to Samuelson and Sharpe and the less to the Three Stooges, the better off you are."

 

  • "For the truly long-term investor, the results of a prolonged bull or bear market may very well prove of little consequence or may even produce surprisingly paradoxical results....If you are twenty-something just beginning to save, then get down on your knees and pray for a market crash."

 

Wayne Gretzky 

 

  • “Skate to where the puck is going not where it is.”

 

  • "Procrastination is one of the most common and deadliest diseases and its toll on success and happiness is heavy."

 

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