“I like putting all my eggs in one basket and then watching the basket very carefully.”
2. Jim Rogers
“Those who can not adjust to change will be swept aside by it. Those who recognize change and react accordingly will benefit.”
3. Peter Lynch
“Know what you own, and know why you own it.”
4. Kevin Daly
“Successful investing is about discipline and patience. Not speed.”
5. Joel Greenblatt
“The secret to investing is to figure out the value of something—and then pay a lot less.”
6. Charlie Munger
“The big money is not in the buying and selling, but in the waiting.”
7. Rick Guerin
“We didn’t care when the stock went down. We knew what we owned.”
8. David Tepper
“There’s a time to make money and a time not to lose money.”
9. Eddie Lampert
“If you’re investing with a truly long-term horizon, you can act differently from most of the market.”
10. David Einhorn
“What you want to do is buy something that you think is worth $1 for 50 cents.”
11. Stan Perlmeter
“Be skeptical, but not cynical.”
12. Daniel Loeb
“When things are bad, they will get better. When things are good, they will get worse.”
13. Tom Knapp
“Focus on the business, not the noise.”
14. Benjamin Graham
“In the short run, the market is a voting machine but in the long run, it is a weighing machine.”
15. Seth Klarman
“The single greatest edge an investor can have is a long-term orientation.”
16. Bruce Berkowitz
“We try to buy dollars for 50 cents.”
17. Julian Robertson
“If you can’t explain your investment in a sentence, don’t do it.”
18. Bill Ruane
“Investing is simple, but not easy.”
19. Lou Simpson
“We’re not trying to do extraordinary things, we’re trying to do ordinary things extraordinarily well.”
20. Glenn Greenberg
“Concentrate your capital in a few outstanding businesses.”
21. George Soros
“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.”
22. Prem Watsa
"Value investing is all about downside protection – and then trying to make a return on the upside."
23. Leucadia
“We think like owners, not traders.”
24. Robert Rodriguez
“Capital preservation is the cornerstone of superior performance.”
25. John Templeton
“The four most dangerous words in investing are: ‘This time it’s different."
26. John Neff
“It’s not beating the market that’s hard. It’s sticking with it when it’s not working.”
27. Shelby Davis
“You make most of your money in a bear market; you just don’t realize it at the time.”
28. Walter Schloss
“Price is the most important factor to use in relation to value.”
29. Warren Buffett
“Be fearful when others are greedy, and greedy when others are fearful.”
30. Philip Carret
"If a company has a sound balance sheet with minimal long-term debt, good growth prospects and responsible management, then the stock should be interesting."
Here are 27 book recommendations by Warren Buffett from
1. Shoe Dog — Phil Knight
Buffett: “The best book I read last year. Phil is a gifted storyteller.” kevinrooke.com
2. Poor Charlie’s Almanack — Charlie Munger
Buffett: “This book is something of a publishing miracle—never advertised, yet year after year selling many thousands of copies from its Internet site.”
3. The Outsiders — William Thorndike
Buffett: “An outstanding book about CEOs who excelled at capital allocation.”