The greatest safety lies in putting all your eggs in one basket and watching the basket.Collection: Lying
Stocks are bought on expectations, not facts.Collection: Expectations
Market values are fixed only in part by balance sheets and income statements; much more by the hopes and fears of humanity; by greed, ambition, acts of God, invention, financial stress and strain, weather, discovery, fashion and numberless other causes impossible to be listed without omission.Collection: Fashion
Successful investment is a battle for financial survival.Collection: Successful
It is wise to remember that too much success in the stock market is in itself an excellent warning.Collection: Wise
Investing solely for 'income,' investing merely 'to keep capital employed,' and investing simply 'to hedge against inflation' are all entirely out of the question.Collection: Income
I once read about a meeting of economists who agreed that if their forecasts were 33 1/3 % correct, that was considered a high mark in their profession. Well, of course, I know you cannot invest in securities successfully with odds like that against you if you place dependence solely upon judgement as to the right securities to own and the right time or price to buy them. Then, too, I read somewhere about the man who described an economist as resembling ‘a professor of anatomy who was still a virgin.’Collection: Men
Don't be overly concerned about your heirs. Usually, unearned funds do them more harm than good.Collection: Heirs
The desire for gold is the most universal and deeply rooted commercial instinct of the human race.Collection: Race