“By buying big - going narrow and deep, as opposed to a diversifying - you maximize your successes.” Quote by Richard Chandler
“We're just very much a plain-vanilla, long-only investment fund.” LongInvestmentFundVanilla Author:Richard Chandler
“We learned to build our emotional muscles, helping us make it through major market falls and grind through the trying times without losing our equilibrium.” TryingHelpingFallEmotionalMajorsLosingMusclesGrindEquilibriumTrying Times Author:Richard Chandler
“The market gives you the opportunity to arbitrage what the emotional investor will pay or sell at versus the fundamental value of a company, but you've got to pull the trigger promptly without hesitating. We've disciplined ourselves mentally and prepared ourselves in terms of information, as well as relationships with brokers, to do that.” GivingWellsValuesOpportunityTermPayCompanyInformationEmotionalFundamentalsSellsPreparedInvestorsVersusTriggersBrokersArbitrage Author:Richard Chandler
“Never underestimate the gullibility of large pools of money.” PoolUnderestimateNever UnderestimateGullibility Author:David F. Swensen
“We're in the business not so much of being contrarians deliberately, but rather we like to take perceived risk instead of actual risk. And what I mean by that is that you get paid for taking a risk that people think is risky, you particularly don't get paid for taking actual risk.” PeopleThinkingMeanRiskPaid Author:Wilbur Ross
“If everyone thinks one way, it is likely to be wrong. If you can figure out that it is wrong, you are likely to make a lot of money.” IfsThinkingWayFiguresOne WayLots Of Money Author:Jim Rogers
“Markets look a lot less efficient from the banks of the Hudsonthan the banks of the Charles.” LooksEfficient Author:Fischer Black
“Anyone who believes a growth rate in excess of 15% per annum over the long term is attainable should pursue a career in sales, but avoid one in mathematics.” ShouldBelieveLongGrowthTermCareersMathematicsRatePursueLong TermExcess Author:Warren Buffett
“Onlookers frequently confuse edge with style...Edge means generating excess returns because of mispricing. Style suggests being in the right place at the right time. Sometimes edge and style overlap, sometimes they don't.” MeanSometimesStyleReturnEdgesExcessRight TimeRight Place Author:Michael Mauboussin