By Barack Obama
Don’t underestimate the cosmetic power of sunglasses. It’s worth spending a bit of money on a quality pair. I usually go for Dior or Louis Vuitton.
People who invest make money for themselves; people who speculate make money for their brokers.
After all, the whole point of investing is not to earn more money than average, but to earn enough money to meet your own needs.
The best values today are often found in the stocks that were once hot and have since gone cold.
By developing your discipline and courage, you can refuse to let other people’s mood swings govern your financial destiny. In the end, how your investments behave is much less important than how you behave.
The investment world nevertheless has enough liars, cheaters, and thieves to keep Satan’s check-in clerks frantically busy for decades to come.
Before you place your financial future in the hands of an adviser, it’s imperative that you find someone who not only makes you comfortable but whose honesty is beyond reproach.
If the reason people invest is to make money, then in seeking advice they are asking others to tell them how to make money. That idea has some element of naïveté.
Abnormally good or abnormally bad conditions do not last forever.
Astute observers of corporate balance sheets are often the first to see business deterioration.
The work of a financial analyst falls somewhere in the middle between that of a mathematician and of an orator.
Time and experience have taught me that fame and money very rarely go to the worthy.
It is a kind of spiritual snobbery that makes people think they can be happy without money.
Just as money is not real, consumable wealth, books are not life. To idolize scriptures is like eating paper currency.
A bank is a place that will lend you money if you can prove that you don’t need it.
When we have money, we start making mistakes.
If you don’t find a way to make money while you sleep, you will work until you die.
The rich invest in time, the poor invest in money.
Our favorite holding period is forever.
The investor of today does not profit from yesterday’s growth.