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Quote by Robert J. Flaherty

“Singleton has an almost uncanny ability to resist being caught up in the fads and fancies of the moment. Like most great innovators [and investors! - Ed.], Henry Singleton is supremely indifferent to criticism.”

Quote by Robert J. Flaherty

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Robert J. Flaherty
Robert J. Flaherty

Robert J. Flaherty is a renowned filmmaker known for his profound depiction of nature and human culture. His works often carry a strong sense of nationalism and have had a significant impact on the development of documentary film. more

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“The idea that you try to time purchases based on what you think business is going to do in the next year or two, I think that's the greatest mistake that investors make because it's always uncertain. People say it's a time of uncertainty. It was uncertain on September 10th, 2001, people just didn't know it. It's uncertain every single day. So take uncertainty as part of being involved in investment at all. But uncertainty can be your friend. I mean, when people are scared, they pay less for things. We try to price. We don't try to time at all.”

“A crowd thinks in images, and the image itself calls up a series of other images, having no logical connection with the first...A crowd scarcely distinguishes between the subjective and the objective. It accepts as real the images invoked in its mind, though they most often have only a very distant relation with the observed facts....Crowds being only capable of thinking in images are only to be impressed by images.”

“In certain circumstances, financial markets can affect the so-called fundamentals which they are supposed to reflect. When that happens, markets enter into a state of dynamic disequilibrium and behave quite differently from what would be considered normal by the theory of efficient markets. Such boom/bust sequences do not arise very often, but when they do, they can be very disruptive, exactly because they affect the fundamentals of the economy.”