Keynes liked to compare investment to a game of musical chairs. The point at issue is not to be left standing when the music stops.
Investment Quotes
For most investors, performance is better achieved with a telescope than a microscope.
Invest a few moments in thinking. It will pay good interest.
The genius of investing is recognizing the direction of a trend – not catching highs and lows.
Why aren’t you signed up for the 401K? I’d never be able to run that far. (“Dilbert”)
Bulls make money and bears make money, but pigs seldom do.
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.
