“My advice to this investor is the same that I give to the young investors in my classes Devote the same earnest attention to investing that $50,000 as you devoted to earning it.” GivingYoungAttentionClassAdviceInvestingInvestorsDevotedEarningEarnestEarning It Author:Ivan Boesky
“The thing that I have been emphasizing in my own work for the last few years has been the group approach. To try to buy groups of stocks that meet some simple criterion for being undervalued-regardless of the industry and with very little attention to the individual company.” TryingYearsLittlesHas BeensLastsIndividualMy OwnSimpleAttentionCompanyGroupsIndustryApproachInvestingCriteriaUndervalued Author:Benjamin Graham
“I don't think the Federal Reserve has any role in how high rates are right now. I don't understand why everyone is paying attention to this tapering. The Fed is using one kind of bond to buy another kind of bond. What's the big deal, and why is anyone taking the Fed seriously?” ThinkingKindBigsDealsAttentionRolesRight NowRateInvestingPay AttentionFedsReservesBig DealFederal ReserveTapering Author:Eugene Fama
“The true investor... will do better if he forgets about the stock market and pays attention to his dividend returns and to the operation results of his companies.” IfsForgetResultsPayAttentionCompanyReturnInvestingPay AttentionOperationsInvestorsDividends Book:The Intelligent Investor: A Book of Practical Counsel Source: The Intelligent Investor: A Book of Practical Counsel
“Choice of attention - to pay attention to this and ignore that - is to the inner life what choice of action is to the outer. In both cases, a man is responsible for his choice and must accept the consequences, whatever they may be.” MenMayActionChoicesPayAttentionAcceptingCasesConsequenceResponsibleInvestingPay AttentionDecision MakingInner Life Author:W. H. Auden
“Berkshire's whole record has been achieved without paying one ounce of attention to the efficient market theory in its hard form. And not one ounce of attention to the descendants of that idea, which came out of academic economics and went into corporate finance and morphed into such obscenities as the capital asset pricing model, which we also paid no attention to. I think you'd have to believe in the tooth fairy to believe that you could easily outperform the market by seven-percentage points per annum just by investing in high volatility stocks.” ThinkingBelieveHas BeensIdeasHardWholeFormAttentionRecordsTheoryModelsEconomicsPaidSevenInvestingTeethFinanceCorporateFairyAssetsAcademicEfficientPercentagesDescendantsObscenityPricingVolatilityTooth FairyEfficient Markets Author:Charlie Munger