New markets could be created by rural potentials, which could lead to rise in employment.
In the short run, the market is a voting machine but in the long run, it is a weighing machine.
Buy when most people, including experts, are pessimistic, and sell when they are actively optimistic.
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.
If you are shopping for common stocks, choose them the way you would buy groceries, not the way you would buy perfume.
While a trend shown in the past is a fact, a “future trend” is only an assumption.
Astute observers of corporate balance sheets are often the first to see business deterioration.
We must recognize, however, that intrinsic value is an elusive concept.
Since the profits that companies can earn are finite, the price that investors should be willing to pay for stocks must also be finite.
The work of a financial analyst falls somewhere in the middle between that of a mathematician and of an orator.
Principle for the securities analyst: Nearly every issue might conceivably be cheap in one price range and dear in another.
The longer the bull market lasts the more severely investors will be affected with amnesia; after five years or so, many people no longer believe that bear markets are possible.
Our favorite holding period is forever.
Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.
If a business does well, the stock eventually follows.
In the business world, the rear view mirror is always clearer than the windshield.